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REGISTERED NUMBER: 03236088 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED

P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)






Contents of the Financial Statements
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED

Company Information
for the Year Ended 31 AUGUST 2024







DIRECTORS: P J Rawlingson
Mrs J A Rawlingson
Mrs K Rawlingson



SECRETARY: Mrs K Rawlingson



REGISTERED OFFICE: North Farm Road
Tunbridge Wells
Kent
TN2 3DH



REGISTERED NUMBER: 03236088 (England and Wales)



ACCOUNTANTS: Beke Lodge Business Consultants Limited
Beke Lodge
Beke Hall Chase North
Rayleigh
Essex
SS6 9EZ



BANKERS: HSBC
105 Mount Pleasant
Tunbridge Wells
Kent
TN1 1QP

P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)

Balance Sheet
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 359,123 362,550

CURRENT ASSETS
Stocks 72,470 65,474
Debtors 5 549,206 591,778
Cash at bank and in hand 324,869 421,598
946,545 1,078,850
CREDITORS
Amounts falling due within one year 6 224,952 309,138
NET CURRENT ASSETS 721,593 769,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,716

1,132,262

PROVISIONS FOR LIABILITIES 11,889 11,889
NET ASSETS 1,068,827 1,120,373

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Share premium 41,790 41,790
Retained earnings 1,022,037 1,073,583
SHAREHOLDERS' FUNDS 1,068,827 1,120,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)

Balance Sheet - continued
31 AUGUST 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 28 May 2025 and were signed on its behalf by:




P J Rawlingson - Director



Mrs J A Rawlingson - Director


P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)

Notes to the Financial Statements
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

P K Motors Accident Repair Centre 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 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 290,508 256,283 18,016
Additions - 5,853 -
At 31 August 2024 290,508 262,136 18,016
DEPRECIATION
At 1 September 2023 - 213,707 16,805
Charge for year - 7,264 181
At 31 August 2024 - 220,971 16,986
NET BOOK VALUE
At 31 August 2024 290,508 41,165 1,030
At 31 August 2023 290,508 42,576 1,211

P K MOTORS ACCIDENT REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 03236088)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 32,987 108,931 706,725
Additions - 6,971 12,824
At 31 August 2024 32,987 115,902 719,549
DEPRECIATION
At 1 September 2023 21,673 91,990 344,175
Charge for year 2,828 5,978 16,251
At 31 August 2024 24,501 97,968 360,426
NET BOOK VALUE
At 31 August 2024 8,486 17,934 359,123
At 31 August 2023 11,314 16,941 362,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 211,350 246,221
Directors' current accounts 231,884 245,989
Tax 95,068 95,068
Prepayments and accrued income 10,904 4,500
549,206 591,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 163,927 208,429
Tax (11,883 ) 22,000
Social security and other taxes 35,873 19,449
VAT 34,035 56,760
Accrued expenses 3,000 2,500
224,952 309,138

7. RELATED PARTY DISCLOSURES

The company is controlled by Mr. PJ Rawlingson, a director owning 100% of the issued share capital.

As at the balance sheet date there was a balance due from Mr PJ Rawlingson of £231,884 (2023 - due from £245,989). There are no fixed terms for interest or repayment of this amount.