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
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
Pit Lane Autos Limited
Statement of financial position
as at 31 December 2023
Tangible assets
2,430
3,037
Cash at bank and in hand
6,336
186,670
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
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
Pit Lane Autos Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2023
(1)
2,431
2,430
At 31 December 2022
(1)
3,038
3,037
Pit Lane Autos Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,140
4,580
Taxes and social security
16,290
51,989
Other creditors
87,557
17,580
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).