The Automobeale Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10339226 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

The Automobeale Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs E Beale - DNU

REGISTERED OFFICE:

6 Elgin Park

Bristol

BS6 6RU

REGISTERED NUMBER:

10339226 (England and Wales)

ACCOUNTANTS:

Moore

Chartered Accountants

First Floor

29 St Augustine's Parade

Bristol

BS1 4UL

FIXED ASSETS

Tangible assets

4

-

792

CURRENT ASSETS

Debtors

5

263

100

Cash at bank

21,033

22,437

21,296

22,537

CREDITORS

Amounts falling due within one year

6

14,538

15,085

NET CURRENT ASSETS

6,758

7,452

TOTAL ASSETS LESS CURRENT LIABILITIES

6,758

8,244

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

6,658

8,144

6,758

8,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 June 2021 and were signed by:

Mrs E Beale - DNU - Director

1.	STATUTORY INFORMATION

The Automobeale Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2020

and 31 March 2021

2,377

DEPRECIATION

At 1 April 2020

1,585

Charge for year

792

At 31 March 2021

2,377

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

263

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Tax

-

1,327

Directors' current accounts

13,818

13,038

Accrued expenses

720

720

14,538

15,085

7.

RESERVES

Retained

earnings

£

At 1 April 2020

8,144

Deficit for the year

(1,486

)

At 31 March 2021

6,658

8.	RELATED PARTY DISCLOSURES

At the year end, the company owed Mr C Beale £13,818 (2020 - £13,038). This amount is interest-free and is included within other creditors.