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Company Registration No. 09107258 (England and Wales)
PIW Autobody Limited Unaudited accounts for the year ended 30 June 2024
PIW Autobody Limited Unaudited accounts Contents
Page
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PIW Autobody Limited Company Information for the year ended 30 June 2024
Directors
Charmaine Williamson Paul I Williamson
Company Number
09107258 (England and Wales)
Registered Office
2 SPITAL PARK KENDAL CUMBRIA LA9 6HG
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PIW Autobody Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,261 
3,623 
Current assets
Inventories
710 
705 
Cash at bank and in hand
92,641 
72,389 
93,351 
73,094 
Creditors: amounts falling due within one year
(31,805)
(21,629)
Net current assets
61,546 
51,465 
Total assets less current liabilities
68,807 
55,088 
Creditors: amounts falling due after more than one year
(4,293)
(8,290)
Provisions for liabilities
Deferred tax
(826)
(652)
Net assets
63,688 
46,146 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
63,686 
46,144 
Shareholders' funds
63,688 
46,146 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by
Charmaine Williamson Director Company Registration No. 09107258
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PIW Autobody Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PIW Autobody Limited is a private company, limited by shares, registered in England and Wales, registration number 09107258. The registered office is 2 SPITAL PARK, KENDAL, CUMBRIA, LA9 6HG.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% straight line basis
Motor vehicles
20% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PIW Autobody Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
28,660 
21,073 
49,733 
Additions
8,100 
3,100 
11,200 
At 30 June 2024
36,760 
24,173 
60,933 
Depreciation
At 1 July 2023
25,037 
21,073 
46,110 
Charge for the year
6,942 
620 
7,562 
At 30 June 2024
31,979 
21,693 
53,672 
Net book value
At 30 June 2024
4,781 
2,480 
7,261 
At 30 June 2023
3,623 
- 
3,623 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Trade creditors
3,542 
1,572 
Taxes and social security
15,065 
12,794 
Other creditors
748 
- 
Loans from directors
7,461 
2,320 
Accruals
989 
943 
31,805 
21,629 
The bank loan is unsecured.
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,293 
8,290 
The bank loan is unsecured.
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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