Company Registration No. 11923875 (England and Wales)
PM AUTOTECH LIMITED
Unaudited accounts
for the year ended 31 March 2023
PM AUTOTECH LIMITED
Unaudited accounts
Contents
PM AUTOTECH LIMITED
Company Information
for the year ended 31 March 2023
Company Number
11923875 (England and Wales)
Registered Office
44 FOREST CLOSE
CRAWLEY DOWN
CRAWLEY
RH10 4LU
ENGLAND
Accountants
Balancing the Books Ltd
TB3 Little Tapnage
Titchfield Lane
FAREHAM
Hampshire
PO17 5PQ
PM AUTOTECH LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
13,688
17,314
Cash at bank and in hand
9,117
5,235
Creditors: amounts falling due within one year
(17,205)
(16,116)
Net current liabilities
(8,088)
(9,986)
Total assets less current liabilities
5,600
7,328
Creditors: amounts falling due after more than one year
(6,466)
(8,193)
Net liabilities
(866)
(865)
Called up share capital
10
10
Profit and loss account
(876)
(875)
Shareholders' funds
(866)
(865)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 20 October 2023 and were signed on its behalf by
Mr Paul Mitchell
Director
Company Registration No. 11923875
PM AUTOTECH LIMITED
Notes to the Accounts
for the year ended 31 March 2023
PM AUTOTECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11923875. The registered office is 44 FOREST CLOSE, CRAWLEY DOWN, CRAWLEY, RH10 4LU, ENGLAND.
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:
Plant & machinery
25% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
3,200
23,005
500
26,705
At 31 March 2023
3,200
23,005
500
26,705
At 1 April 2022
1,625
7,471
295
9,391
Charge for the year
394
3,107
125
3,626
At 31 March 2023
2,019
10,578
420
13,017
At 31 March 2023
1,181
12,427
80
13,688
At 31 March 2022
1,575
15,534
205
17,314
Amounts falling due within one year
PM AUTOTECH LIMITED
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,087
4,548
Trade creditors
4,455
2,451
Taxes and social security
5,572
5,834
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
(9,688)
(9,999)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
9,999
9,688
9,999
9,688
Unsecured, interest-free and, repayable on demand
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).