Registered number: 04704674 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
Pauline Follows | ||||||||
REGISTERED OFFICE | ||||||||
Staffordshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 5 |
P F Autos Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
152,410 | 126,136 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 48,860 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 50,000 | - | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 67,366 | 71,637 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
P F Autos Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Motor Cars | reducing 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 | ||||||||
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 9 | |||||
P F Autos Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2022 | 37,200 | 37,200 | ||
At 31/03/2023 | 37,200 | 37,200 | ||
Depreciation | ||||
At 01/04/2022 | 37,200 | 37,200 | ||
At 31/03/2023 | 37,200 | 37,200 | ||
Net Book Amounts | ||||
At 31/03/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||||
Long Leasehold | Plant and | Commercial | ||||||||
Properties | Machinery | Vehicles | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2022 | 18,680 | 140,255 | 16,857 | 2,406 | 178,198 | |||||
Additions | - | 13,444 | 9,978 | - | 23,422 | |||||
At 31/03/2023 | 18,680 | 153,699 | 26,835 | 2,406 | 201,620 | |||||
Depreciation | ||||||||||
At 01/04/2022 | 18,680 | 128,059 | 2,458 | 1,391 | 150,588 | |||||
For the year | - | 5,498 | 4,223 | 254 | 9,975 | |||||
At 31/03/2023 | 18,680 | 133,557 | 6,681 | 1,645 | 160,563 | |||||
Net Book Amounts | ||||||||||
At 31/03/2023 | - | 41,057 | ||||||||
At 31/03/2022 | - | 27,610 | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 127,299 | 108,877 | ||||||
UK corporation tax | 634 | - | ||||||
Prepayments | 5,767 | 2,976 | ||||||
133,700 | 111,853 | |||||||
P F Autos Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | - | 634 | ||||||
VAT | 30,375 | 20,490 | ||||||
PAYE control | 4,528 | 2,076 | ||||||
Directors loan account | 17,076 | 26,198 | ||||||
Credit card | 5,858 | 2,885 | ||||||
Trade creditors | 11,824 | 22,648 | ||||||
Pension schemes | - | 345 | ||||||
Accruals | 2,566 | 2,000 | ||||||
72,227 | 77,276 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors loan account | 50,000 | - | ||||||
50,000 | - | |||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 3,872 | 4,831 | ||||||
3,872 | 4,831 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||