Autocare Discount Centre Limited
|
Registered Number
:
02052191
|
For the year ended 30 November 2020
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2020
Autocare Discount Centre Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Autocare Discount Centre Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
26,262
24,377
2
26,262
24,377
33,485
36,750
3
Trade and other receivables
|
2,751
2,751
4
22,635
Cash and cash equivalents
|
22,485
61,986
58,871
Trade and other payables
:
amounts falling due within one
|
year
|
(44,505)
(48,541)
5
14,366
13,445
Net current assets
Total assets less current liabilities
|
39,707
38,743
39,707
Net assets
38,743
100
100
39,607
38,643
39,707
38,743
Shareholders' funds
For the year ended 30 November 2020 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 of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 15 December 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 November 2020
Autocare Discount Centre Limited
Notes to the Financial Statements
Statutory Information
Autocare Discount Centre Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02052191
.
|
410-414 Manchester Road East
Little Hulton
Worsley
Manchester
M28 6WR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
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For the year ended 30 November 2020
Autocare Discount Centre Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
125,803
6,760
74,118
44,925
1,885
921
964
-
44,925
75,082
7,681
127,688
Provision for depreciation and impairment
|
101,426
-
57,004
44,422
101,426
-
57,004
44,422
503
18,078
7,681
26,262
503
17,114
6,760
24,377
2019
2020
36,750
33,485
4
.
Trade and other receivables
|
2019
2020
2,751
2,751
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
19,471
16,994
Taxation and social security
|
2,999
5,015
26,071
22,496
48,541
44,505
6
.
Average number of persons employed
|
During the year the average number of employees was 4 (2019 : 4)
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