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REGISTERED NUMBER: 06567797 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

P. Breading Motor Services Limited

P. Breading Motor Services Limited (Registered number: 06567797)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. Breading Motor Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Breading
Ms M Barker





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 06567797 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

P. Breading Motor Services Limited (Registered number: 06567797)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,077 299,265

CURRENT ASSETS
Stocks 21,529 13,601
Debtors 5 15,617 12,239
Cash at bank 142,507 110,077
179,653 135,917
CREDITORS
Amounts falling due within one year 6 215,716 222,812
NET CURRENT LIABILITIES (36,063 ) (86,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,014

212,370

CREDITORS
Amounts falling due after more than one
year

7

121,587

86,569
NET ASSETS 156,427 125,801

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 156,227 125,601
156,427 125,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

P. Breading Motor Services Limited (Registered number: 06567797)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mr J Breading - Director


P. Breading Motor Services Limited (Registered number: 06567797)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P. Breading Motor Services 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

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 10 (2023 - 9 ) .

P. Breading Motor Services Limited (Registered number: 06567797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 262,726 12,645 6,550
Additions - - 6,313
At 31 March 2024 262,726 12,645 12,863
DEPRECIATION
At 1 April 2023 - 11,890 6,335
Charge for year - 189 1,632
At 31 March 2024 - 12,079 7,967
NET BOOK VALUE
At 31 March 2024 262,726 566 4,896
At 31 March 2023 262,726 755 215

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 49,242 4,822 335,985
Additions 25,200 416 31,929
At 31 March 2024 74,442 5,238 367,914
DEPRECIATION
At 1 April 2023 15,950 2,545 36,720
Charge for year 14,623 673 17,117
At 31 March 2024 30,573 3,218 53,837
NET BOOK VALUE
At 31 March 2024 43,869 2,020 314,077
At 31 March 2023 33,292 2,277 299,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,868 7,698
Prepayments and accrued income 9,749 4,541
15,617 12,239

P. Breading Motor Services Limited (Registered number: 06567797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,311 33,367
Trade creditors 35,527 26,499
Warranty provision 7,000 7,000
Tax 35,386 26,212
Social security and other taxes 5,295 5,168
No description 245 -
VAT 21,170 25,110
Other creditors 13,425 -
Directors' current accounts 83,236 97,656
Accrued expenses 6,121 1,800
215,716 222,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loan 74,579 86,569
Hire purchase contracts 47,008 -
121,587 86,569