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REGISTERED NUMBER: 04660520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

POULTON VAN AND CAR SALES LIMITED

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POULTON VAN AND CAR SALES LIMITED

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTORS: Mr M P Ansell
Mr R W Ansell





SECRETARY: Miss P J Ansell





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 04660520 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 241,439 242,778

CURRENT ASSETS
Stocks 1,267,997 1,528,280
Debtors 5 461,167 298,744
Cash at bank and in hand 94,131 2,094
1,823,295 1,829,118
CREDITORS
Amounts falling due within one year 6 (228,919 ) (311,564 )
NET CURRENT ASSETS 1,594,376 1,517,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,835,815

1,760,332

PROVISIONS FOR LIABILITIES (2,302 ) (1,898 )
NET ASSETS 1,833,513 1,758,434

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 1,833,013 1,757,934
SHAREHOLDERS' FUNDS 1,833,513 1,758,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

BALANCE SHEET - continued
28 February 2025


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 8 April 2025 and were signed on its behalf by:





Mr M P Ansell - Director


POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Poulton Van and Car Sales Limited 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Going concern
The directors are satisfied at the time of approving the financial statements that the company has
adequate resources to continue to operate for the foreseeable future and as such, continues to adopt
the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2024 230,000 36,428 51,337
Additions - - 542
Disposals - - (373 )
At 28 February 2025 230,000 36,428 51,506
DEPRECIATION
At 1 March 2024 - 32,599 47,181
Charge for year - 766 935
Eliminated on disposal - - (357 )
At 28 February 2025 - 33,365 47,759
NET BOOK VALUE
At 28 February 2025 230,000 3,063 3,747
At 29 February 2024 230,000 3,829 4,156

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 31,260 7,500 15,066 371,591
Additions - - 1,390 1,932
Disposals - - (3,014 ) (3,387 )
At 28 February 2025 31,260 7,500 13,442 370,136
DEPRECIATION
At 1 March 2024 26,918 7,499 14,616 128,813
Charge for year 868 - 686 3,255
Eliminated on disposal - - (3,014 ) (3,371 )
At 28 February 2025 27,786 7,499 12,288 128,697
NET BOOK VALUE
At 28 February 2025 3,474 1 1,154 241,439
At 29 February 2024 4,342 1 450 242,778

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 176,091 285,004
Directors' current accounts 212,412 -
Tax 71,689 -
Prepayments 975 13,740
461,167 298,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 73,237
Other loans - 4,163
Trade creditors 51,054 57,323
Tax 104,904 7,364
Social security and other taxes 9,440 9,448
VAT 50,751 31,255
Other creditors 2,438 2,362
Directors' current accounts - 110,459
Accruals and deferred income 10,332 15,953
228,919 311,564

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft - 73,237
Other loans - 4,163
- 77,400

The bank overdraft was secured on the assets of the company. M Ansell, director, gave a personal guarantee for the other loan.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
Mr M P Ansell and Mr R W Ansell
Balance outstanding at start of year - -
Amounts advanced 241,412 -
Amounts repaid (29,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 212,412 -

POULTON VAN AND CAR SALES LIMITED (REGISTERED NUMBER: 04660520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 (2024 - £31,000) were paid to the directors .