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Company Registration No. 04598804 (England and Wales)
P ARTHUR AUTOS LIMITED Unaudited accounts for the year ended 31 January 2024
P ARTHUR AUTOS LIMITED Unaudited accounts Contents
Page
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P ARTHUR AUTOS LIMITED Company Information for the year ended 31 January 2024
Director
Philip Arthur
Secretary
Gillian Arthur
Company Number
04598804 (England and Wales)
Registered Office
Regent House Folds Road Bolton BL1 2RZ England
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P ARTHUR AUTOS LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,359 
2,776 
Current assets
Inventories
8,500 
2,087 
Debtors
9,804 
21,890 
Cash at bank and in hand
9,841 
8,454 
28,145 
32,431 
Creditors: amounts falling due within one year
(17,915)
(16,600)
Net current assets
10,230 
15,831 
Total assets less current liabilities
12,589 
18,607 
Creditors: amounts falling due after more than one year
(11,354)
(17,220)
Provisions for liabilities
Deferred tax
(448)
(527)
Net assets
787 
860 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
786 
859 
Shareholders' funds
787 
860 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 22 October 2024 and were signed on its behalf by
Philip Arthur Director Company Registration No. 04598804
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P ARTHUR AUTOS LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
P ARTHUR AUTOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04598804. The registered office is Regent House, Folds Road, Bolton, BL1 2RZ, 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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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P ARTHUR AUTOS LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
6,216 
At 31 January 2024
6,216 
Depreciation
At 1 February 2023
3,440 
Charge for the year
417 
At 31 January 2024
3,857 
Net book value
At 31 January 2024
2,359 
At 31 January 2023
2,776 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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