Registered number
08137063
PIT-AIR MOTORS LTD
Filleted Accounts
9 July 2023
PIT-AIR MOTORS LTD
Registered number: 08137063
Balance Sheet
as at 9 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 18,168 30,490
Current assets
Stocks 29,775 96,643
Debtors 3 16,913 27,888
Cash at bank and in hand 35,604 6,431
82,292 130,962
Creditors: amounts falling due within one year 4 (64,466) (111,987)
Net current assets 17,826 18,975
Total assets less current liabilities 35,994 49,465
Creditors: amounts falling due after more than one year 5 (34,544) (49,343)
Net assets 1,450 122
Capital and reserves
Called up share capital 100 100
Other reserves - (13,122)
Profit and loss account 1,350 13,144
Shareholders' funds 1,450 122
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lukasz S Rodak
Director
Approved by the board on 1 April 2024
Notes to the Accounts
for the year ended 9 July 2023
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
1 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 9
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 10 July 2022 1,884 23,675 29,660 55,219
At 9 July 2023 1,884 23,675 29,660 55,219
Depreciation
At 10 July 2022 942 11,923 11,864 24,729
Charge for the year 471 5,919 5,932 12,322
At 9 July 2023 1,413 17,842 17,796 37,051
Net book value
At 9 July 2023 471 5,833 11,864 18,168
At 9 July 2022 942 11,752 17,796 30,490
3 Debtors 2023 2022
£ £
Trade debtors 13,670 23,895
Other debtors 3,243 3,993
16,913 27,888
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bounce Back Loan 10,696 11,124
Hire Purchase Contracts 6,223 6,223
Trade Creditors 7,099 23,895
Credit Card 2,947 4,463
Corporation Tax 8,948 15,161
PAYE (5,064) 3,921
Custom 17,768 27,700
Other creditors 15,849 19,500
64,466 111,987
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce Back Loan 22,936 32,228
Hire Purchase Contracts 11,608 17,115
34,544 49,343
6 Other information
PIT-AIR MOTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
111a Stafford Road
Croydon
CR0 4NN
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