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REGISTERED NUMBER: 08293246 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

PDM Motor Spares Ltd

PDM Motor Spares Ltd (Registered number: 08293246)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

PDM Motor Spares Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs Wendy Marie Beaver-Ivins
Mr Stephen Thomas Ivins





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
United Kingdom
PE1 4AU





REGISTERED NUMBER: 08293246 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

PDM Motor Spares Ltd (Registered number: 08293246)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,745 2,182

CURRENT ASSETS
Inventories 5 82,450 72,500
Debtors 6 1,790 4,500
Cash at bank and in hand 55,863 50,716
140,103 127,716
CREDITORS
Amounts falling due within one year 7 61,662 58,312
NET CURRENT ASSETS 78,441 69,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,186

71,586

CREDITORS
Amounts falling due after more than
one year

8

25,751

35,261
NET ASSETS 54,435 36,325

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 54,335 36,225
SHAREHOLDERS' FUNDS 54,435 36,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PDM Motor Spares Ltd (Registered number: 08293246)

Statement of Financial Position - continued
30 November 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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





Mr Stephen Thomas Ivins - Director


PDM Motor Spares Ltd (Registered number: 08293246)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PDM Motor Spares Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 9,248 1,775 11,023
DEPRECIATION
At 1 December 2022 8,255 586 8,841
Charge for year 199 238 437
At 30 November 2023 8,454 824 9,278
NET BOOK VALUE
At 30 November 2023 794 951 1,745
At 30 November 2022 993 1,189 2,182

PDM Motor Spares Ltd (Registered number: 08293246)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVENTORIES
30.11.23 30.11.22
£    £   
Stocks 82,450 72,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 4,500
Prepayments 1,790 -
1,790 4,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade Creditors 4,461 37,630
Corporation Tax 11,980 4,050
Social security and other taxes (54 ) -
Value Added Tax 5,571 4,337
Directors' current accounts 39,547 12,295
Accrued Expenses 157 -
61,662 58,312

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Other loans - 1-2 years 25,751 35,261

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 100 100

PDM Motor Spares Ltd (Registered number: 08293246)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. RESERVES
Retained
earnings
£   

At 1 December 2022 36,225
Profit for the year 48,110
Dividends (30,000 )
At 30 November 2023 54,335

PDM Motor Spares Ltd

Report of the Accountants to the Directors of
PDM Motor Spares Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................