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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
Page
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Preston Car Centre Ltd Company Information for the year ended 31 October 2024
Director
Mr B Nawaz
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
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Preston Car Centre Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,478 
3,947 
Current assets
Inventories
269,193 
245,895 
Debtors
- 
16,000 
Cash at bank and in hand
45,631 
29,322 
314,824 
291,217 
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)
Capital and reserves
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
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Preston Car Centre Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
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
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 
Additions
- 
690 
690 
At 31 October 2024
2,479 
4,154 
6,633 
Depreciation
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 
Net book value
At 31 October 2024
1,297 
2,181 
3,478 
At 31 October 2023
1,729 
2,218 
3,947 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
16,000 
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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 
£ 
£ 
VAT
5,825 
5,220 
Trade creditors
- 
270 
Other creditors
50,520 
23,500 
Accruals
1,500 
1,500 
57,845 
30,490 
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).
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