Autowise Tyre and Autocentres Limited - Dormant accounts - members and to registrar (filleted) 23.2

REGISTERED NUMBER: 03080844 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

AUTOWISE TYRE AND AUTOCENTRES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Glencross

J Butcher

S L Hughes

REGISTERED OFFICE:

Aston House

18 Boulton Road

Stevenage

Hertfordshire

SG1 4QX

REGISTERED NUMBER:

03080844 (England and Wales)

CURRENT ASSETS

Debtors

5

10,000

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,000

CAPITAL AND RESERVES

Called up share capital

7

10,000

SHAREHOLDERS' FUNDS

10,000

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:

S L Hughes - Director

1.	STATUTORY INFORMATION

Autowise Tyre and Autocentres Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain assets and liabilities measured at fair value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Amounts owed by group undertakings

10,000

5.	SECURED DEBTS

The following security is held by the company's bank;

Debenture including a fixed charge over all present freehold and leasehold property dated 16 January 2012.

First fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future dated 16 January 2012.

First floating charge over all assets and undertaking both present and future dated 16 January 2012.

Unlimited Multilateral Guarantee dated 12 January 2012 given by PJS Automotive Limited, Autowise Tyres and Autocentres Limited.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

10,000

Ordinary

£1

10,000

7.	RELATED PARTY DISCLOSURES

As a wholly owned subsidiary of Aston Group Holdings Limited, the Company is exempt from the requirements of FRS 102 to disclose transactions with other members of the group.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Aston Group Holdings Limited.

In the opinion of the directors, the ultimate controlling party at 31 July 2023 is Mr P Glencross, due to his shareholding in Aston Group Holdings Limited.