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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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AUTOZONE LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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for |
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AUTOZONE LIMITED |
AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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AUTOZONE LIMITED |
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Company Information |
for the Year Ended 31 December 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Wheeleys Road |
Edgbaston |
Birmingham |
West Midlands |
B15 2LD |
AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Statement of Financial Position |
31 December 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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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. |
AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Statement of Financial Position - continued |
31 December 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
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1. | STATUTORY INFORMATION |
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Autozone Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Holiday pay |
Holiday pay is recognised as an expense in the period in which the service is received. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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4. | TANGIBLE FIXED ASSETS |
Short | Plant and | Motor | Computer |
leasehold | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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DEPRECIATION |
At 1 January 2020 |
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Charge for year |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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5. | STOCKS |
2020 | 2019 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts (see note 9) |
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Trade creditors |
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Corporation Tax |
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Social security and other taxes |
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VAT | 32,530 | 14,550 |
Directors' current accounts | 16,878 | 4,734 |
Accrued expenses |
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AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Bank loans (see note 9) |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 16,666 | - |
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9. | LOANS |
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An analysis of the maturity of loans is given below: |
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2020 | 2019 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
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Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 16,666 | - |
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10. | PROVISIONS FOR LIABILITIES |
2020 | 2019 |
£ | £ |
Deferred tax | 1,264 | - |
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Deferred |
tax |
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Provided during year |
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Balance at 31 December 2020 |
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AUTOZONE LIMITED (REGISTERED NUMBER: 02821486) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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A Ordinary | £1 | 33 | 33 |
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B Ordinary | £1 | 34 | 34 |
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C Ordinary | £1 | 17 | 17 |
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D Ordinary | £1 | 16 | 16 |
100 | 100 |
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12. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2020 |
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Profit for the year |
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Dividends | ( |
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At 31 December 2020 |
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13. | RELATED PARTY DISCLOSURES |
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Mrs Sanyogta Najran is also the director and has controlling interest in Springhill Properties (Birmingham) Limited, a company registered in England and Wales with registration number 4556375. |
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The company has given a loan to an associated company, Springhill Properties (Birmingham) Limited. The total amount outstanding as at 31 December 2020 was £445,070.81 (2019 - £445,070.81). |