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REGISTERED NUMBER: 02253799 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

P & T Motors Limited

P & T Motors Limited (Registered number: 02253799)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

P & T Motors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: L P Toone





SECRETARY: L P Toone





REGISTERED OFFICE: Unit 3 Brook Mill
High Street
Leigh
Lancashire
WN7 2AD





REGISTERED NUMBER: 02253799 (England and Wales)





ACCOUNTANTS: C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS

P & T Motors Limited (Registered number: 02253799)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,476 60,009

CURRENT ASSETS
Stocks 750 750
Debtors 5 25,944 34,856
Cash at bank 304,545 263,160
331,239 298,766
CREDITORS
Amounts falling due within one year 6 109,542 114,047
NET CURRENT ASSETS 221,697 184,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,173

244,728

CREDITORS
Amounts falling due after more than one
year

7

(18,518

)

(28,518

)

PROVISIONS FOR LIABILITIES (12,195 ) (11,402 )
NET ASSETS 243,460 204,808

CAPITAL AND RESERVES
Called up share capital 9,900 9,900
Retained earnings 233,560 194,908
SHAREHOLDERS' FUNDS 243,460 204,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

P & T Motors Limited (Registered number: 02253799)

Balance Sheet - continued
30 April 2024


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 25 July 2024 and were signed by:





L P Toone - Director


P & T Motors Limited (Registered number: 02253799)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

P & T Motors 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 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.
Plant and machinery etc - 25% on reducing balance and 10% on cost

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.

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 11 (2023 - 6 ) .

P & T Motors Limited (Registered number: 02253799)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 169,511
Additions 4,120
Disposals (3,800 )
At 30 April 2024 169,831
DEPRECIATION
At 1 May 2023 109,502
Charge for year 11,153
Eliminated on disposal (3,300 )
At 30 April 2024 117,355
NET BOOK VALUE
At 30 April 2024 52,476
At 30 April 2023 60,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 21,378 28,320
Other debtors 4,566 6,536
25,944 34,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 52,432 67,633
Taxation and social security 41,735 30,982
Other creditors 4,727 4,784
109,542 114,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 18,518 28,518

P & T Motors Limited (Registered number: 02253799)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
L P Toone
Balance outstanding at start of year (32 ) (6,263 )
Amounts advanced 5 6,231
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27 ) (32 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,300 (2023 - £37,300) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L P Toone.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
P & T Motors Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P & T Motors Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of P & T Motors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & T Motors Limited and state those matters that we have agreed to state to the director of P & T Motors Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that P & T Motors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & T Motors Limited. You consider that P & T Motors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & T Motors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS


30 July 2024