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Company Registration No. 12549362 (England and Wales)
PB GARAGE LIMITED Accounts for the year ended 30 April 2024
PB GARAGE LIMITED Accounts Contents
Page
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PB GARAGE LIMITED Company Information for the year ended 30 April 2024
Director
Sergiu Valuta
Company Number
12549362 (England and Wales)
Registered Office
UNIT H08 TENTER ROAD NORTHAMPTON NORTHAMPTONSHIRE NN3 6PZ UNITED KINGDOM
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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PB GARAGE LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,744 
7,763 
Current assets
Inventories
83,294 
52,031 
Debtors
5,182 
(8,066)
Cash at bank and in hand
1,536 
(1,764)
90,012 
42,201 
Creditors: amounts falling due within one year
(506,308)
(318,798)
Net current liabilities
(416,296)
(276,597)
Net liabilities
(409,552)
(268,834)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(409,553)
(268,835)
Shareholders' funds
(409,552)
(268,834)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2024 and were signed on its behalf by
Sergiu Valuta Director Company Registration No. 12549362
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PB GARAGE LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
PB GARAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12549362. The registered office is UNIT H08, TENTER ROAD, NORTHAMPTON, NORTHAMPTONSHIRE, NN3 6PZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line depreciation 20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PB GARAGE LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
- 
19,409 
19,409 
Additions
3,579 
- 
3,579 
At 30 April 2024
3,579 
19,409 
22,988 
Depreciation
At 1 May 2023
- 
11,646 
11,646 
Charge for the year
716 
3,882 
4,598 
At 30 April 2024
716 
15,528 
16,244 
Net book value
At 30 April 2024
2,863 
3,881 
6,744 
At 30 April 2023
- 
7,763 
7,763 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
447 
2,826 
Other debtors
4,735 
188 
5,182 
3,014 
Amounts falling due after more than one year
Other debtors
- 
(11,080)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(9,446)
10,229 
Trade creditors
320,485 
186,047 
Taxes and social security
21,957 
15,626 
Other creditors
37,720 
- 
Loans from directors
135,592 
106,896 
506,308 
318,798 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 9 (2023: 12).
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