1 November 2019 false No description of principal activity Taxfiler 2021.5 08265665business:PrivateLimitedCompanyLtd2019-11-012020-10-31 082656652019-10-31 082656652019-11-012020-10-31 08265665business:AuditExempt-NoAccountantsReport2019-11-012020-10-31 08265665business:FullAccounts2019-11-012020-10-31 082656652020-10-31 08265665business:Director12019-11-012020-10-31 08265665business:Director22019-11-012020-10-31 08265665business:Director32019-11-012020-10-31 08265665business:Director42019-11-012020-10-31 08265665business:RegisteredOffice2019-11-012020-10-31 082656652019-10-31 08265665core:WithinOneYear2020-10-31 08265665core:WithinOneYear2019-10-31 08265665core:AfterOneYear2020-10-31 08265665core:AfterOneYear2019-10-31 08265665core:ShareCapital2020-10-31 08265665core:ShareCapital2019-10-31 08265665core:RetainedEarningsAccumulatedLosses2020-10-31 08265665core:RetainedEarningsAccumulatedLosses2019-10-31 08265665business:SmallEntities2019-11-012020-10-31 08265665countries:EnglandWales2019-11-012020-10-31 08265665core:PlantMachinery2019-11-012020-10-31 08265665core:MotorVehicles2019-11-012020-10-31 08265665core:PlantMachinery2019-10-31 08265665core:MotorVehicles2019-10-31 08265665core:FurnitureFittings2019-10-31 08265665core:FurnitureFittings2019-11-012020-10-31 08265665core:PlantMachinery2020-10-31 08265665core:MotorVehicles2020-10-31 08265665core:FurnitureFittings2020-10-31 082656652018-11-012019-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08265665 (England and Wales)
AUSTRIN GEARBOX SPECIALIST LTD Unaudited accounts for the year ended 31 October 2020
AUSTRIN GEARBOX SPECIALIST LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AUSTRIN GEARBOX SPECIALIST LTD Company Information for the year ended 31 October 2020
Directors
Mr S J Cornforth Mr A Johnson Mr J S Cornforth Mrs S A Johnson
Company Number
08265665 (England and Wales)
Registered Office
PLATINUM HOUSE LOCOMOTION WAY CAMPERDOWN INDUSTRIAL ESTATE NEWCASTLE UPON TYNE NE12 5US ENGLAND
Accountants
G W Accountants Ltd 1 Jesmond Business Court 217 Jesmond Road Newcastle upon Tyne NE2 1LA
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AUSTRIN GEARBOX SPECIALIST LTD Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,284 
7,143 
Current assets
Debtors
5
15,174 
42,198 
Cash at bank and in hand
333,636 
244,315 
348,810 
286,513 
Creditors: amounts falling due within one year
6
(177,158)
(151,066)
Net current assets
171,652 
135,447 
Total assets less current liabilities
174,936 
142,590 
Creditors: amounts falling due after more than one year
7
(50,000)
- 
Net assets
124,936 
142,590 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
124,816 
142,470 
Shareholders' funds
124,936 
142,590 
For the year ending 31 October 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 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 6 April 2021 and were signed on its behalf by
Mr S J Cornforth Director Company Registration No. 08265665
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AUSTRIN GEARBOX SPECIALIST LTD Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
AUSTRIN GEARBOX SPECIALIST LTD is a private company, limited by shares, registered in England and Wales, registration number 08265665. The registered office is PLATINUM HOUSE LOCOMOTION WAY, CAMPERDOWN INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE12 5US, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
3 year straight line
Motor vehicles
23% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2019
17,740 
10,550 
409 
28,699 
Disposals
- 
- 
(409)
(409)
At 31 October 2020
17,740 
10,550 
- 
28,290 
Depreciation
At 1 November 2019
14,921 
6,226 
409 
21,556 
Charge for the year
1,359 
2,500 
- 
3,859 
On disposals
- 
- 
(409)
(409)
At 31 October 2020
16,280 
8,726 
- 
25,006 
Net book value
At 31 October 2020
1,460 
1,824 
- 
3,284 
At 31 October 2019
2,819 
4,324 
- 
7,143 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
15,174 
42,198 
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AUSTRIN GEARBOX SPECIALIST LTD Notes to the Accounts for the year ended 31 October 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
25,896 
19,112 
Trade creditors
85,417 
73,983 
Taxes and social security
33,689 
40,223 
Other creditors
- 
231 
Loans from directors
32,156 
7,517 
Accruals
- 
10,000 
177,158 
151,066 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
50,000 
- 
8
Average number of employees
During the year the average number of employees was 8 (2019: 7).
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