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REGISTERED NUMBER: 05108223 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PD MOTORS (BILLINGSHURST) LTD

PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

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


PD MOTORS (BILLINGSHURST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P D Morris





SECRETARY: S A Rudderham





REGISTERED OFFICE: Unit 4E
Gillmans Industrial Estate
Natts Lane
Billingshurst
West Sussex
RH14 9EZ





REGISTERED NUMBER: 05108223 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 450
Tangible assets 5 331,082 86,981
331,082 87,431

CURRENT ASSETS
Stocks 4,316 5,018
Debtors 6 5,459 11,698
Cash at bank and in hand 127,637 172,410
137,412 189,126
CREDITORS
Amounts falling due within one year 7 (121,401 ) (79,583 )
NET CURRENT ASSETS 16,011 109,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,093

196,974

CREDITORS
Amounts falling due after more than one
year

8

(147,514

)

(20,834

)

PROVISIONS FOR LIABILITIES (8,452 ) (6,862 )
NET ASSETS 191,127 169,278

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 191,126 169,277
SHAREHOLDERS' FUNDS 191,127 169,278

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.

PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

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 13 September 2024 and were signed by:





P D Morris - Director


PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

PD Motors (Billingshurst) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 3% on cost
Long leasehold - 3% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 25% straight line
Motor vehicles - 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.

PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 1,800
AMORTISATION
At 1 May 2023 1,350
Charge for year 450
At 30 April 2024 1,800
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 450

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 111,398 154,385 265,783
Additions 244,715 18,805 263,520
At 30 April 2024 356,113 173,190 529,303
DEPRECIATION
At 1 May 2023 66,244 112,558 178,802
Charge for year 10,684 8,735 19,419
At 30 April 2024 76,928 121,293 198,221
NET BOOK VALUE
At 30 April 2024 279,185 51,897 331,082
At 30 April 2023 45,154 41,827 86,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,111 3,104
Other debtors 4,348 8,594
5,459 11,698

PD MOTORS (BILLINGSHURST) LTD (REGISTERED NUMBER: 05108223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,475 10,000
Trade creditors 36,584 20,736
Taxation and social security 56,184 40,836
Other creditors 13,158 8,011
121,401 79,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 147,514 20,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,852 -