Company Registration No. 13661070 (England and Wales)
Preston Car Centre Ltd
Unaudited accounts
for the year ended 31 October 2024
Preston Car Centre Ltd
Unaudited accounts
Contents
Preston Car Centre Ltd
Company Information
for the year ended 31 October 2024
Company Number
13661070 (England and Wales)
Registered Office
PRESTON HOUSE
PRESTON STREET
BRADFORD
BD7 1JE
UNITED KINGDOM
Accountants
Greenfield Accountants Limited
Preston House
Preston Street
Bradford
West Yorkshire
BD7 1JE
Preston Car Centre Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
3,478
3,947
Inventories
269,193
245,895
Cash at bank and in hand
45,631
29,322
Creditors: amounts falling due within one year
(57,845)
(30,490)
Net current assets
256,979
260,727
Total assets less current liabilities
260,457
264,674
Creditors: amounts falling due after more than one year
(282,503)
(304,003)
Net liabilities
(22,046)
(39,329)
Called up share capital
1
1
Profit and loss account
(22,047)
(39,330)
Shareholders' funds
(22,046)
(39,329)
For the year ending 31 October 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 14 November 2024 and were signed on its behalf by
Mr B Nawaz
Director
Company Registration No. 13661070
Preston Car Centre Ltd
Notes to the Accounts
for the year ended 31 October 2024
Preston Car Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 13661070. The registered office is PRESTON HOUSE, PRESTON STREET, BRADFORD, BD7 1JE, UNITED KINGDOM.
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.
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.
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
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
2,479
3,464
5,943
At 31 October 2024
2,479
4,154
6,633
At 1 November 2023
750
1,246
1,996
Charge for the year
432
727
1,159
At 31 October 2024
1,182
1,973
3,155
At 31 October 2024
1,297
2,181
3,478
At 31 October 2023
1,729
2,218
3,947
Amounts falling due within one year
Preston Car Centre Ltd
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
50,520
23,500
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
282,503
304,003
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).