Registered number
08137063
PIT-AIR MOTORS LTD
Filleted Accounts
9 July 2024
PIT-AIR MOTORS LTD
Registered number: 08137063
Balance Sheet
as at 9 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 7,687 18,168
Current assets
Stocks 61,342 29,775
Debtors 3 8,937 16,913
Cash at bank and in hand 160 35,604
70,439 82,292
Creditors: amounts falling due within one year 4 (66,181) (64,466)
Net current assets 4,258 17,826
Total assets less current liabilities 11,945 35,994
Creditors: amounts falling due after more than one year 5 (19,566) (34,544)
Provisions for liabilities (1,461) -
Net (liabilities)/assets (9,082) 1,450
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,182) 1,350
Shareholders' funds (9,082) 1,450
The directors are 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 directors acknowledge their 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.
Lukasz S Rodak
Director
Approved by the board on 9 April 2025
Notes to the Accounts
for the year ended 9 July 2024
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).
1 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 11
2 Tangible fixed assets
Equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 10 July 2023 1,884 23,675 29,660 55,219
Additions 1,940 - - 1,940
At 9 July 2024 3,824 23,675 29,660 57,159
Depreciation
At 10 July 2023 1,413 17,842 17,796 37,051
Charge for the year 570 5,919 5,932 12,421
At 9 July 2024 1,983 23,761 23,728 49,472
Net book value
At 9 July 2024 1,841 (86) 5,932 7,687
At 9 July 2023 471 5,833 11,864 18,168
3 Debtors 2024 2023
£ £
Trade debtors 6,344 13,670
Other debtors 2,593 3,243
8,937 16,913
4 Creditors: amounts falling due within one year 2024 2023
£ £
Overdrafts 7,635
Bounce Back Loan 10,696 10,696
Hire Purchase Contracts 6,223 6,223
Trade Creditors 3,878 7,099
Credit Card 3,619 2,947
Corporation Tax 386 8,948
PAYE 935 (5,064)
Custom 10,701 17,768
Other creditors 22,108 15,849
66,181 64,466
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce Back Loan 13,464 22,936
Hire Purchase Contracts 6,102 11,608
19,566 34,544
6 Other information
PIT-AIR MOTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
111a Stafford Road
Croydon
CR0 4NN
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