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Registered number: 04704674

P F Autos Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

P F Autos Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Paul Follows
Pauline Follows
SECRETARY
Pauline Follows
REGISTERED OFFICE
Pinnox Street, Tunstall
Stoke on Trent
Staffordshire
ST6 6AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04704674
BANKERS
Nat West
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

P F Autos Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts5

P F Autos Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets441,05727,610
CURRENT ASSETS
Debtors5133,700111,853
Cash at bank and in hand18,71014,283
152,410126,136
CREDITORS: Amounts falling due within one year672,22777,276
NET CURRENT ASSETS80,18348,860
TOTAL ASSETS LESS CURRENT LIABILITIES121,24076,470
CREDITORS: Amounts falling due after more than one year750,000-
PROVISIONS FOR LIABILITIES AND CHARGES83,8724,831
NET ASSETS67,36871,639
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account67,36671,637
SHAREHOLDERS' FUNDS67,36871,639

P F Autos Limited

BALANCE SHEET AT 31/03/2023
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/10/2023 and signed on their behalf by
Paul Follows
Director
Pauline Follows
Director

P F Autos Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20232022
No.No.
Average number of employees109

P F Autos Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202237,20037,200
At 31/03/202337,20037,200
Depreciation
At 01/04/202237,20037,200
At 31/03/202337,20037,200
Net Book Amounts
At 31/03/2023--
4. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercial
PropertiesMachineryVehiclesMotor CarsTotal
£££££
Cost
At 01/04/202218,680140,25516,8572,406178,198
Additions-13,4449,978-23,422
At 31/03/202318,680153,69926,8352,406201,620
Depreciation
At 01/04/202218,680128,0592,4581,391150,588
For the year-5,4984,2232549,975
At 31/03/202318,680133,5576,6811,645160,563
Net Book Amounts
At 31/03/2023-20,14220,15476141,057
At 31/03/2022-12,19614,3991,01527,610
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors127,299108,877
UK corporation tax634-
Prepayments5,7672,976
133,700111,853

P F Autos Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-634
VAT30,37520,490
PAYE control4,5282,076
Directors loan account17,07626,198
Credit card5,8582,885
Trade creditors11,82422,648
Pension schemes-345
Accruals2,5662,000
72,22777,276
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Directors loan account50,000-
50,000-
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation3,8724,831
3,8724,831
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22