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
P ARTHUR AUTOS LIMITED
Company Information
for the year ended 31 January 2024
Company Number
04598804 (England and Wales)
Registered Office
Regent House
Folds Road
Bolton
BL1 2RZ
England
P ARTHUR AUTOS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
2,359
2,776
Cash at bank and in hand
9,841
8,454
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
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
P ARTHUR AUTOS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
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 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.
P ARTHUR AUTOS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Total
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).