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REGISTERED NUMBER: 08970712 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

PSR Car & Commercial Repairs Ltd

PSR Car & Commercial Repairs Ltd (Registered number: 08970712)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSR Car & Commercial Repairs Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr P S Richardson





REGISTERED OFFICE: Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH





REGISTERED NUMBER: 08970712 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

PSR Car & Commercial Repairs Ltd (Registered number: 08970712)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,301 22,530

CURRENT ASSETS
Debtors 5 5,198 6,013
Cash at bank and in hand 40,400 26,944
45,598 32,957
CREDITORS
Amounts falling due within one year 6 27,104 25,704
NET CURRENT ASSETS 18,494 7,253
TOTAL ASSETS LESS CURRENT LIABILITIES 36,795 29,783

CREDITORS
Amounts falling due after more than one
year

7

(50,000

)

(50,000

)

PROVISIONS FOR LIABILITIES (2,300 ) (1,000 )
NET LIABILITIES (15,505 ) (21,217 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,605 ) (21,317 )
SHAREHOLDERS' FUNDS (15,505 ) (21,217 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PSR Car & Commercial Repairs Ltd (Registered number: 08970712)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2025 and were signed by:





Mr P S Richardson - Director


PSR Car & Commercial Repairs Ltd (Registered number: 08970712)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

PSR Car & Commercial Repairs Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.3% on cost

All tangible fixed assets are recorded at cost, being purchase price less accumulated depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PSR Car & Commercial Repairs Ltd (Registered number: 08970712)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 29,530 32,645 2,041 64,216
Additions 6,825 - 2,249 9,074
Disposals (7,303 ) (13,000 ) (1,333 ) (21,636 )
At 30 April 2024 29,052 19,645 2,957 51,654
DEPRECIATION
At 1 May 2023 11,912 27,733 2,041 41,686
Charge for year 2,906 4,912 751 8,569
Eliminated on disposal (2,569 ) (13,000 ) (1,333 ) (16,902 )
At 30 April 2024 12,249 19,645 1,459 33,353
NET BOOK VALUE
At 30 April 2024 16,803 - 1,498 18,301
At 30 April 2023 17,618 4,912 - 22,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 1,842 2,699
Other debtors 3,356 3,314
5,198 6,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 1,387 195
Taxation and social security 1,612 1,582
Other creditors 24,105 23,927
27,104 25,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Other creditors 50,000 50,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director, Mr P S Richardson, £73,337 (2023: £73,428), £50,000 (2023: £50,000) of which was due to be repaid greater than one year after the balance sheet date.

PSR Car & Commercial Repairs Ltd (Registered number: 08970712)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P S Richardson.