Registered number
04895208
P-S AUTO SERVICES LTD
Filleted Accounts
30 September 2024
P-S AUTO SERVICES LTD
Registered number: 04895208
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 55,562 62,323
155,562 162,323
Current assets
Stocks 4,575 6,375
Debtors 5 14,120 11,138
Cash at bank and in hand 33,438 25,485
52,133 42,998
Creditors: amounts falling due within one year 6 (31,439) (32,901)
Net current assets 20,694 10,097
Total assets less current liabilities 176,256 172,420
Creditors: amounts falling due after more than one year 7 (75,993) (87,514)
Net assets 100,263 84,906
Capital and reserves
Called up share capital 2 2
Profit and loss account 100,261 84,904
Shareholders' funds 100,263 84,906
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M E Broadbent
Director
Approved by the board on 12 March 2025
P-S AUTO SERVICES LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 15% on the reducing balance basis
Motor vehicles 25% on the reducing balance basis
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 100,000
At 30 September 2024 100,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 100,000
At 30 September 2023 100,000
4 Tangible fixed assets
Plant and equipment Motor vehicles Total
£ £ £
Cost
At 1 October 2023 93,268 38,323 131,591
Additions 6,355 - 6,355
At 30 September 2024 99,623 38,323 137,946
Depreciation
At 1 October 2023 59,089 10,179 69,268
Charge for the year 6,080 7,036 13,116
At 30 September 2024 65,169 17,215 82,384
Net book value
At 30 September 2024 34,454 21,108 55,562
At 30 September 2023 34,179 28,144 62,323
5 Debtors 2024 2023
£ £
Trade debtors 14,120 11,138
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 11,610 16,792
Taxation and social security costs 19,505 15,870
Director's current account 324 239
31,439 32,901
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,106 36,478
Obligations under hire purchase contracts 27,161 31,836
Other creditor 3,726 7,200
Director's loan account 12,000 12,000
75,993 87,514
8 Other information
P-S AUTO SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18
Whitefield Place
Morecambe
LA3 3EA
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