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REGISTERED NUMBER: 04385748 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Craig Pettit Motor Sales Limited

Craig Pettit Motor Sales Limited (Registered number: 04385748)

Contents of the Financial Statements

for the Year Ended 31 March 2023

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Craig Pettit Motor Sales Limited

Company Information

for the Year Ended 31 March 2023

| DIRECTOR: | C T Pettit

| REGISTERED OFFICE: | 331-335 Wellingborough Road

| Northampton

| Northamptonshire

| NN1 4EW

| REGISTERED NUMBER: | 04385748 (England and Wales)

| ACCOUNTANTS: | CDA Accountancy

| Unit 14/15 Hall Farm

| Sywell Aerodrome

| Sywell

| Northamptonshire

| NN6 0BN

Craig Pettit Motor Sales Limited (Registered number: 04385748)

Abridged Balance Sheet

31 March 2023

| 31.3.23 | 31.3.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,276 |  | 2,064 |  |

CURRENT ASSETS

Stocks | 113,350 |  | 120,924 |  |

Debtors | 5,000 |  | 5,000 |  |

Cash at bank and in hand | 20,445 |  | 20,185 |  |

138,795 |  | 146,109 |  |

CREDITORS

Amounts falling due within one year | 23,846 |  | 26,277 |  |

NET CURRENT ASSETS | 114,949 |  | 119,832 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 117,225 |  | 121,896 |  |

CREDITORS

Amounts falling due after more than one year | (22,500 | ) | (32,500 | ) |

PROVISIONS FOR LIABILITIES | (518 | ) | (392 | ) |

NET ASSETS | 94,207 |  | 89,004 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 2 |  | 2 |  |

Retained earnings | 94,205 |  | 89,002 |  |

SHAREHOLDERS' FUNDS | 94,207 |  | 89,004 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Craig Pettit Motor Sales Limited (Registered number: 04385748)

Abridged Balance Sheet - continued

31 March 2023

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:

C T Pettit - Director

Craig Pettit Motor Sales Limited (Registered number: 04385748)

Notes to the Financial Statements

for the Year Ended 31 March 2023

1. | STATUTORY INFORMATION

| Craig Pettit Motor Sales 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2022 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2022 | 21,362 |  |

| Additions | 1,166 |  |

| At 31 March 2023 | 22,528 |  |

| DEPRECIATION

| At 1 April 2022 | 19,298 |  |

| Charge for year | 954 |  |

| At 31 March 2023 | 20,252 |  |

| NET BOOK VALUE

| At 31 March 2023 | 2,276 |  |

| At 31 March 2022 | 2,064 |  |

Craig Pettit Motor Sales Limited (Registered number: 04385748)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.23 |  | 31.3.22

| value: | £ | £ |

| 1 | Ordinary A | £1 | 1 |  | 1 |  |

| 1 | Ordinary B | £1 | 1 |  | 1 |  |

2 |  | 2 |  |