Company Registration No. 12549362 (England and Wales)
PB GARAGE LIMITED
Accounts
for the year ended 30 April 2023
PB GARAGE LIMITED
Accounts
Contents
PB GARAGE LIMITED
Company Information
for the year ended 30 April 2023
Directors
Svetlana Oprea
Viorel Puls
Company Number
12549362 (England and Wales)
Registered Office
UNIT H08
TENTER ROAD
NORTHAMPTON
NORTHAMPTONSHIRE
NN3 6PZ
UNITED KINGDOM
Accountants
ABN Accounting Limited
85 Great Portland Street
First Floor
London
United Kingdom
W1W 7LT
PB GARAGE LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
7,763
11,645
Cash at bank and in hand
(1,764)
3,100
Creditors: amounts falling due within one year
(318,798)
(198,457)
Net current liabilities
(276,597)
(148,179)
Net liabilities
(268,834)
(136,534)
Called up share capital
1
1
Profit and loss account
(268,835)
(136,535)
Shareholders' funds
(268,834)
(136,534)
For the year ending 30 April 2023 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 22 September 2023 and were signed on its behalf by
Svetlana Oprea
Director
Company Registration No. 12549362
PB GARAGE LIMITED
Notes to the Accounts
for the year ended 30 April 2023
PB GARAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12549362. The registered office is UNIT H08, TENTER ROAD, NORTHAMPTON, NORTHAMPTONSHIRE, NN3 6PZ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
Straight line depreciation 20%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PB GARAGE LIMITED
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
(11,080)
8,180
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
186,047
81,055
Taxes and social security
15,626
1,931
Loans from directors
106,896
106,218
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 12 (2022: 7).