Company registration number 13711424 (England and Wales)
PM AUTO SALES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
PM AUTO SALES LTD
CONTENTS
Page
Balance sheet and notes to the financial statements
1 - 2
PM AUTO SALES LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
£
£
£
£
Current assets
27,965
17,537
Creditors: amounts falling due within one year
(24,997)
(15,141)
Net current assets
2,968
2,396
Accruals and deferred income
(2,200)
(1,950)
Net assets
768
446
Capital and reserves
768
446
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

As at 31st October 2023, the director's loan account was overdrawn by £25475

This amount represents funds withdrawn by the director that exceed the amounts paid into the company during the financial year. The director's loan account is unsecured, interest-free, and repayable on demand.

The overdrawn balance will be repaid by the director through future dividends, salary, or other means, in accordance with the company's policies and relevant tax legislation.

The company acknowledges that if the overdrawn balance is not repaid within nine months of the year-end, it may be subject to a Section 455 tax charge as per the Corporation Tax Act 2010. The director is aware of this obligation.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
1
1

PM Auto Sales Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 310 Stafford Road, Croydon, Surrey, CRO 4NH.

For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PM AUTO SALES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 October 2024
Mr P E Middleton
Director
Company registration number 13711424 (England and Wales)
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