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REGISTERED NUMBER: 06939423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PINEWOOD AUTOS LIMITED

PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINEWOOD AUTOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: K P Chandiram





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 06939423 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,777 7,972

CURRENT ASSETS
Stocks 584,849 487,740
Debtors 5 - 22,990
Cash at bank 61,161 13,025
646,010 523,755
CREDITORS
Amounts falling due within one year 6 584,656 482,758
NET CURRENT ASSETS 61,354 40,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,131

48,969

CREDITORS
Amounts falling due after more than one
year

7

(22,183

)

(33,463

)

PROVISIONS FOR LIABILITIES 9 (1,344 ) (1,515 )
NET ASSETS 44,604 13,991

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,504 13,891
SHAREHOLDERS' FUNDS 44,604 13,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)

BALANCE SHEET - continued
30 JUNE 2023


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

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

The financial statements were approved by the director and authorised for issue on 23 March 2024 and were signed by:





K P Chandiram - Director


PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Pinewood Autos 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 represents the invoiced value of vehicles sold in the year.

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
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 17,819 7,874 25,693
DEPRECIATION
At 1 July 2022 12,779 4,942 17,721
Charge for year 756 439 1,195
At 30 June 2023 13,535 5,381 18,916
NET BOOK VALUE
At 30 June 2023 4,284 2,493 6,777
At 30 June 2022 5,040 2,932 7,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 22,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,494 20,827
Trade creditors 12,399 16,895
Tax 17,778 17,161
Social security and other taxes 1,443 5,777
VAT 10,865 16,463
Other creditors 419,749 297,631
Directors' current accounts 107,797 107,918
Accrued expenses 131 86
584,656 482,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,494 13,856
Bank loans - 2-5 years 7,689 19,607
22,183 33,463

PINEWOOD AUTOS LIMITED (REGISTERED NUMBER: 06939423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 6,971
Bank loans 36,677 47,319
36,677 54,290

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,344 1,515

Deferred
tax
£   
Balance at 1 July 2022 1,515
Accelerated Capital Allowances (171 )
Balance at 30 June 2023 1,344

10. ULTIMATE CONTROLLING PARTY

The controlling party is K P Chandiram.