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Company Registration No. 12549362 (England and Wales)
PB GARAGE LIMITED Accounts for the year ended 30 April 2023
PB GARAGE LIMITED Accounts Contents
Page
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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
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PB GARAGE LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,763 
11,645 
Current assets
Inventories
52,031 
39,031 
Debtors
(8,066)
8,147 
Cash at bank and in hand
(1,764)
3,100 
42,201 
50,278 
Creditors: amounts falling due within one year
(318,798)
(198,457)
Net current liabilities
(276,597)
(148,179)
Net liabilities
(268,834)
(136,534)
Capital and reserves
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
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PB GARAGE LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Pension costs
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.
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PB GARAGE LIMITED Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2022
19,409 
At 30 April 2023
19,409 
Depreciation
At 1 May 2022
7,764 
Charge for the year
3,882 
At 30 April 2023
11,646 
Net book value
At 30 April 2023
7,763 
At 30 April 2022
11,645 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,826 
(221)
Other debtors
188 
188 
3,014 
(33)
Amounts falling due after more than one year
Other debtors
(11,080)
8,180 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,229 
9,253 
Trade creditors
186,047 
81,055 
Taxes and social security
15,626 
1,931 
Loans from directors
106,896 
106,218 
318,798 
198,457 
7
Share capital
2023 
2022 
£ 
£ 
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).
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