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REGISTERED NUMBER: 08982610 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

P C M Motors Ltd

P C M Motors Ltd (Registered number: 08982610)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P C M Motors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M Amatruda
Mr B D Tulley





SECRETARY: Mr B D Tulley





REGISTERED OFFICE: Arch 2 Theobalds Grove
Railway Station
High Street
Waltham Cross
Hertfordshire
EN8 7BG





REGISTERED NUMBER: 08982610 (England and Wales)





ACCOUNTANTS: Lakis & Co
Accountants
92 Powys Lane
Palmers Green
London
N13 4HR

P C M Motors Ltd (Registered number: 08982610)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 29,441 29,514

CURRENT ASSETS
Inventories 1,660 1,875
Debtors 5 5,268 4,080
Cash at bank and in hand 5,781 10,808
12,709 16,763
CREDITORS
Amounts falling due within one year 6 45,428 44,507
NET CURRENT LIABILITIES (32,719 ) (27,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,278

)

1,770

CREDITORS
Amounts falling due after more than one
year

7

8,606

12,585
NET LIABILITIES (11,884 ) (10,815 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,984 ) (10,915 )
SHAREHOLDERS' FUNDS (11,884 ) (10,815 )

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 directors acknowledge their 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.

P C M Motors Ltd (Registered number: 08982610)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




Mr M Amatruda - Director



Mr B D Tulley - Director


P C M Motors Ltd (Registered number: 08982610)

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

1. STATUTORY INFORMATION

P C M Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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 etc - 10% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

P C M Motors Ltd (Registered number: 08982610)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 61,500
Additions 3,199
At 30 April 2024 64,699
DEPRECIATION
At 1 May 2023 31,986
Charge for year 3,272
At 30 April 2024 35,258
NET BOOK VALUE
At 30 April 2024 29,441
At 30 April 2023 29,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,568 2,080
Other debtors 3,700 2,000
5,268 4,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,770 2,698
Other creditors 41,658 41,809
45,428 44,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 8,606 12,585

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,606 12,585