Registered number: 04704674 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
P F Autos Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Staffordshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04704674 | ||||||||
BANKERS | ||||||||
Nat West | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
P F Autos Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 |
P F Autos Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
103,633 | 152,410 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 80,183 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 80,000 | 50,000 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 51,066 | 67,366 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
P F Autos Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Pauline Follows | ||||||||||
Director | ||||||||||
P F Autos Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 10 | |||||
P F Autos Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 37,200 | 37,200 | ||
At 31/03/2024 | 37,200 | 37,200 | ||
Depreciation | ||||
At 01/04/2023 | 37,200 | 37,200 | ||
At 31/03/2024 | 37,200 | 37,200 | ||
Net Book Amounts | ||||
At 31/03/2024 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||||
Long Leasehold | Plant and | Commercial | ||||||||
Properties | Machinery | Vehicles | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2023 | 18,680 | 153,699 | 26,835 | 2,406 | 201,620 | |||||
Additions | - | 13,785 | 51,755 | - | 65,540 | |||||
Disposals | - | - | (9,978) | - | (9,978) | |||||
At 31/03/2024 | 18,680 | 167,484 | 68,612 | 2,406 | 257,182 | |||||
Depreciation | ||||||||||
At 01/04/2023 | 18,680 | 133,557 | 6,681 | 1,645 | 160,563 | |||||
Disposals | - | - | (624) | - | (624) | |||||
For the year | - | 5,996 | 5,934 | 190 | 12,120 | |||||
At 31/03/2024 | 18,680 | 139,553 | 11,991 | 1,835 | 172,059 | |||||
Net Book Amounts | ||||||||||
At 31/03/2024 | - | 85,123 | ||||||||
At 31/03/2023 | - | 41,057 | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 63,039 | 127,299 | ||||||
UK corporation tax | - | 634 | ||||||
Prepayments | 7,183 | 5,767 | ||||||
70,222 | 133,700 | |||||||
P F Autos Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | 16,553 | 30,375 | ||||||
PAYE control | 4,534 | 4,528 | ||||||
Directors loan account | 15,380 | 17,076 | ||||||
Credit card | 2,095 | 5,858 | ||||||
Trade creditors | 12,644 | 11,824 | ||||||
Accruals | 5,921 | 2,566 | ||||||
57,127 | 72,227 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Directors loan account | 80,000 | 50,000 | ||||||
80,000 | 50,000 | |||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 561 | 3,872 | ||||||
561 | 3,872 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||