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Company Registration No. 13875345 (England and Wales)
Phil Sherratt Cars Limited Unaudited accounts for the year ended 31 January 2024
Phil Sherratt Cars Limited Unaudited accounts Contents
Page
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Phil Sherratt Cars Limited Company Information for the year ended 31 January 2024
Director
Mr Phil Sherratt
Company Number
13875345 (England and Wales)
Registered Office
5 EASTERN AVENUE BURTON-ON-TRENT DE13 0AT ENGLAND
Accountants
Charterhouse Accountants 5 Eastgate Business Centre Eastern Avenue Burton on Trent Staffordshire DE13 0AT
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Phil Sherratt Cars Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,363 
- 
Current assets
Inventories
21,633 
22,846 
Debtors
1,475 
4,494 
Cash at bank and in hand
(2,610)
(6,506)
20,498 
20,834 
Creditors: amounts falling due within one year
(3,542)
(6,914)
Net current assets
16,956 
13,920 
Total assets less current liabilities
32,319 
13,920 
Creditors: amounts falling due after more than one year
(3,555)
(4,263)
Net assets
28,764 
9,657 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
28,754 
9,647 
Shareholders' funds
28,764 
9,657 
For the year ending 31 January 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 21 August 2024 and were signed on its behalf by
Mr Phil Sherratt Director Company Registration No. 13875345
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Phil Sherratt Cars Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Phil Sherratt Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 13875345. The registered office is 5 EASTERN AVENUE, BURTON-ON-TRENT, DE13 0AT, ENGLAND.
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.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
18,250 
At 31 January 2024
18,250 
Depreciation
Charge for the year
2,887 
At 31 January 2024
2,887 
Net book value
At 31 January 2024
15,363 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
605 
- 
Accrued income and prepayments
- 
490 
Other debtors
- 
4,004 
605 
4,494 
Amounts falling due after more than one year
Accrued income and prepayments
870 
- 
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Phil Sherratt Cars Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,732 
2,354 
Trade creditors
3,310 
2,588 
Taxes and social security
(3,555)
- 
Loans from directors
1,055 
1,972 
3,542 
6,914 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
3,555 
4,263 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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