Autotech Performance Limited - Accounts to registrar (filleted) - small 18.1

AUTOTECH PERFORMANCE LIMITED - Company Information

IRIS Accounts Production v18.1.2.30 08385622 director 1.11.16 31.10.17 31.10.17 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083856222016-10-31083856222017-10-31083856222016-11-012017-10-31083856222015-10-31083856222015-11-012016-10-31083856222016-10-3108385622ns15:EnglandWales2016-11-012017-10-3108385622ns14:PoundSterling2016-11-012017-10-3108385622ns10:Director12016-11-012017-10-3108385622ns10:PrivateLimitedCompanyLtd2016-11-012017-10-3108385622ns10:SmallEntities2016-11-012017-10-3108385622ns10:AuditExempt-NoAccountantsReport2016-11-012017-10-3108385622ns10:SmallCompaniesRegimeForDirectorsReport2016-11-012017-10-3108385622ns10:SmallCompaniesRegimeForAccounts2016-11-012017-10-3108385622ns10:FullAccounts2016-11-012017-10-310838562212016-11-012017-10-3108385622ns10:CompanySecretary12016-11-012017-10-3108385622ns10:RegisteredOffice2016-11-012017-10-3108385622ns5:CurrentFinancialInstruments2017-10-3108385622ns5:CurrentFinancialInstruments2016-10-3108385622ns5:Non-currentFinancialInstruments2017-10-3108385622ns5:Non-currentFinancialInstruments2016-10-3108385622ns5:ShareCapital2017-10-3108385622ns5:ShareCapital2016-10-3108385622ns5:RetainedEarningsAccumulatedLosses2017-10-3108385622ns5:RetainedEarningsAccumulatedLosses2016-10-3108385622ns5:NetGoodwill2016-11-012017-10-3108385622ns5:IntangibleAssetsOtherThanGoodwill2016-11-012017-10-3108385622ns5:PlantMachinery2016-11-012017-10-3108385622ns5:NetGoodwill2016-10-3108385622ns5:NetGoodwill2017-10-3108385622ns5:NetGoodwill2016-10-3108385622ns5:PlantMachinery2016-10-3108385622ns5:FurnitureFittings2016-10-3108385622ns5:ComputerEquipment2016-10-3108385622ns5:FurnitureFittings2016-11-012017-10-3108385622ns5:ComputerEquipment2016-11-012017-10-3108385622ns5:PlantMachinery2017-10-3108385622ns5:FurnitureFittings2017-10-3108385622ns5:ComputerEquipment2017-10-3108385622ns5:PlantMachinery2016-10-3108385622ns5:FurnitureFittings2016-10-3108385622ns5:ComputerEquipment2016-10-3108385622ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-10-3108385622ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-10-3108385622ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-10-3108385622ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2016-10-3108385622ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-10-3108385622ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-10-31

REGISTERED NUMBER: 08385622 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

AUTOTECH PERFORMANCE LIMITED

Page

Company Information

Statement of Financial Position

Notes to the Financial Statements

DIRECTOR:

P J Thorpe

SECRETARY:

REGISTERED OFFICE:

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

BUSINESS ADDRESS:

Unit H, Hortonwood Enterprise Park

Hortonwood 50

Telford

Shropshire

TF1 7GZ

REGISTERED NUMBER:

08385622 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Intangible assets

21,667

25,667

Tangible assets

12,080

18,267

33,747

43,934

CURRENT ASSETS

Stocks

7,150

6,820

Debtors

8,511

5,808

Cash at bank

17,250

18,922

32,911

31,550

CREDITORS

Amounts falling due within one year

60,462

57,993

NET CURRENT LIABILITIES

(27,551

)

(26,443

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,196

17,491

CREDITORS

Amounts falling due after more than one
year

6,182

10,752

NET ASSETS

6,739

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(86

)

6,639

SHAREHOLDERS' FUNDS

6,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 31 July 2018 and were signed by:

P J Thorpe - Director

1.	STATUTORY INFORMATION

Autotech Performance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts and excluding value

added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

COST

At 1 November 2016

and 31 October 2017

40,000

AMORTISATION

At 1 November 2016

14,333

Charge for year

4,000

At 31 October 2017

18,333

NET BOOK VALUE

At 31 October 2017

21,667

At 31 October 2016

25,667

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

COST

At 1 November 2016

18,743

16,515

2,079

37,337

Additions

1,384

At 31 October 2017

18,743

16,515

3,463

38,721

DEPRECIATION

At 1 November 2016

11,227

7,042

801

19,070

Charge for year

3,748

3,303

520

7,571

At 31 October 2017

14,975

10,345

1,321

26,641

NET BOOK VALUE

At 31 October 2017

3,768

6,170

2,142

12,080

At 31 October 2016

7,516

9,473

1,278

18,267

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Trade debtors

3,518

2,994

Other debtors

267

Prepayments

4,726

2,814

8,511

5,808

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Bank loans and overdrafts

7,113

Trade creditors

24,211

21,857

Tax

1,179

1,065

Social security and other taxes

4,507

374

VAT

7,347

8,319

Other creditors

5,375

Directors' current accounts

9,130

17,665

Accrued expenses

1,600

60,462

57,993

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2017

2016

Bank loans - 1-2 years

6,182

7,113

Bank loans - 2-5 years

3,639

6,182

10,752

9.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.