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Company Registration No. 08579231 (England and Wales)
Pit Lane Autos Limited Unaudited accounts for the year ended 31 December 2023
Pit Lane Autos Limited Unaudited accounts Contents
Page
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Pit Lane Autos Limited Company Information for the year ended 31 December 2023
Director
Ananthakrishnan Nithiyananthan
Company Number
08579231 (England and Wales)
Registered Office
20a Cumberland Road Stanmore Middlesex HA7 1EL United Kingdom
Accountants
Good Vibe Accountancy Ltd 16 Tower Street High Wycombe Buckinghamshire HP13 5AX
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Pit Lane Autos Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,430 
3,037 
Current assets
Inventories
55,866 
55,866 
Debtors
225,282 
10,000 
Cash at bank and in hand
6,336 
186,670 
287,484 
252,536 
Creditors: amounts falling due within one year
(118,585)
(75,139)
Net current assets
168,899 
177,397 
Total assets less current liabilities
171,329 
180,434 
Creditors: amounts falling due after more than one year
(14,806)
(27,858)
Net assets
156,523 
152,576 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
156,423 
152,476 
Shareholders' funds
156,523 
152,576 
For the year ending 31 December 2023 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 13 September 2024 and were signed on its behalf by
Ananthakrishnan Nithiyananthan Director Company Registration No. 08579231
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Pit Lane Autos Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Pit Lane Autos Limited is a private company, limited by shares, registered in England and Wales, registration number 08579231. The registered office is 20a Cumberland Road, , Stanmore, Middlesex, HA7 1EL, 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:
Land & buildings
Over the lease term
Plant & machinery
20% on Reducing balance basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
4,886 
9,450 
14,336 
At 31 December 2023
4,886 
9,450 
14,336 
Depreciation
At 1 January 2023
4,887 
6,412 
11,299 
Charge for the year
- 
607 
607 
At 31 December 2023
4,887 
7,019 
11,906 
Net book value
At 31 December 2023
(1)
2,431 
2,430 
At 31 December 2022
(1)
3,038 
3,037 
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Pit Lane Autos Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
724 
- 
Other debtors
- 
10,000 
724 
10,000 
Amounts falling due after more than one year
Other debtors
224,558 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,140 
4,580 
VAT
(2,922)
990 
Trade creditors
7,520 
- 
Taxes and social security
16,290 
51,989 
Other creditors
87,557 
17,580 
118,585 
75,139 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,806 
27,858 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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