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Company Registration No. 10270510 (England and Wales)
PAMI MOTORS LTD Unaudited accounts for the year ended 30 June 2023
PAMI MOTORS LTD Unaudited accounts Contents
Page
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PAMI MOTORS LTD Company Information for the year ended 30 June 2023
Director
Sikandar HAYAT
Company Number
10270510 (England and Wales)
Registered Office
Unit 6, Greenburn Centre Selinas Lane Dagenham Essex RM8 1QH England
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PAMI MOTORS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,368 
12,960 
Tangible assets
1,753 
2,138 
12,121 
15,098 
Current assets
Cash at bank and in hand
2,643 
184 
Creditors: amounts falling due within one year
(10,651)
(14,633)
Net current liabilities
(8,008)
(14,449)
Net assets
4,113 
649 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,013 
549 
Shareholders' funds
4,113 
649 
For the year ending 30 June 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 4 March 2024 and were signed on its behalf by
Sikandar HAYAT Director Company Registration No. 10270510
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PAMI MOTORS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
PAMI MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 10270510. The registered office is Unit 6, Greenburn Centre, Selinas Lane, Dagenham, Essex, RM8 1QH, 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.
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:
Plant & machinery
18% on Reducing Balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
16,200 
At 30 June 2023
16,200 
Amortisation
At 1 July 2022
3,240 
Charge for the year
2,592 
At 30 June 2023
5,832 
Net book value
At 30 June 2023
10,368 
At 30 June 2022
12,960 
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PAMI MOTORS LTD Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
9,700 
At 30 June 2023
9,700 
Depreciation
At 1 July 2022
7,562 
Charge for the year
385 
At 30 June 2023
7,947 
Net book value
At 30 June 2023
1,753 
At 30 June 2022
2,138 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
813 
- 
Other creditors
2,200 
8,200 
Loans from directors
4,752 
6,433 
Accruals
2,886 
- 
10,651 
14,633 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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