Company Registration No. 3896826 (England and Wales)
Autosafe Limited
Unaudited accounts
for the year ended 31 December 2022
Autosafe Limited
Unaudited accounts
Contents
Autosafe Limited
Company Information
for the year ended 31 December 2022
Directors
Allan Hopkins
Lynda Hopkins
Gareth Hopkins
Company Number
3896826 (England and Wales)
Registered Office
50A London Street
Newport
NP19 8DG
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Autosafe Limited
for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Autosafe Limited for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
15 March 2023
Autosafe Limited
Statement of financial position
as at 31 December 2022
Tangible assets
149,475
115,406
Cash at bank and in hand
79,565
56,819
Creditors: amounts falling due within one year
(33,113)
(24,562)
Net current assets
46,452
44,473
Total assets less current liabilities
195,927
159,879
Creditors: amounts falling due after more than one year
(4,368)
(31,063)
Provisions for liabilities
Net assets
191,237
128,816
Called up share capital
102
102
Profit and loss account
191,135
128,714
Shareholders' funds
191,237
128,816
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2023 and were signed on its behalf by
Lynda Hopkins
Director
Company Registration No. 3896826
Autosafe Limited
Notes to the Accounts
for the year ended 31 December 2022
Autosafe Limited is a private company, limited by shares, registered in England and Wales, registration number 3896826. The registered office is 50A London Street, Newport, NP19 8DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
15% straight line
Computer equipment
5 years straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Autosafe Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
37,538
155,276
27,584
220,398
Additions
3,915
135,083
2,742
141,740
Disposals
-
(93,240)
-
(93,240)
At 31 December 2022
41,453
197,119
30,326
268,898
At 1 January 2022
33,371
58,535
13,086
104,992
Charge for the year
2,531
14,432
3,296
20,259
On disposals
-
(5,828)
-
(5,828)
At 31 December 2022
35,902
67,139
16,382
119,423
At 31 December 2022
5,551
129,980
13,944
149,475
At 31 December 2021
4,167
96,741
14,498
115,406
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
24,110
22,362
7
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
4,368
31,063
8
Deferred taxation
2022
2021
Accelerated capital allowances
322
-
Charged to the profit and loss account
322
-
Provision at end of year
322
-
Autosafe Limited
Notes to the Accounts
for the year ended 31 December 2022
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
10
Average number of employees
During the year the average number of employees was 11 (2021: 7).
