1 October 2023 v2025.38.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP089971812023-10-012024-09-30089971812024-09-30089971812023-09-3008997181core:WithinOneYear2024-09-3008997181core:WithinOneYear2023-09-3008997181core:AfterOneYear2024-09-3008997181core:AfterOneYear2023-09-3008997181core:ShareCapital2024-09-3008997181core:ShareCapital2023-09-3008997181core:RetainedEarningsAccumulatedLosses2024-09-3008997181core:RetainedEarningsAccumulatedLosses2023-09-3008997181bus:Director12023-10-012024-09-3008997181bus:RegisteredOffice2023-10-012024-09-3008997181core:OtherResidualIntangibleAssets2023-10-012024-09-3008997181core:PlantMachinery2023-10-012024-09-3008997181core:MotorVehicles2023-10-012024-09-3008997181core:OfficeEquipment2023-10-012024-09-3008997181core:LandBuildings2023-10-012024-09-30089971812022-10-012023-09-3008997181core:IntangibleAssetsOtherThanGoodwill2024-09-3008997181core:LandBuildings2023-10-0108997181core:PlantMachinery2023-10-01089971812023-10-0108997181core:LandBuildings2024-09-3008997181core:PlantMachinery2024-09-3008997181core:LandBuildings2023-09-3008997181core:PlantMachinery2023-09-3008997181core:BetweenOneFiveYears2024-09-3008997181core:BetweenOneFiveYears2023-09-300899718112023-10-012024-09-300899718112023-10-012024-09-3008997181countries:EnglandWales2023-10-012024-09-3008997181bus:AuditExemptWithAccountantsReport2023-10-012024-09-3008997181bus:PrivateLimitedCompanyLtd2023-10-012024-09-3008997181bus:SmallEntities2023-10-012024-09-3008997181bus:FullAccounts2023-10-012024-09-30
Company registration number:
08997181
P & W Auto Services Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
P & W Auto Services Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of P & W Auto Services Limited
Year ended
30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
P & W Auto Services Limited
for the year ended
30 September 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
P & W Auto Services Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
P & W Auto Services Limited
and state those matters that we have agreed to state to the Board of Directors of
P & W Auto Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
P & W Auto Services Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
P & W Auto Services Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
P & W Auto Services Limited
. You consider that
P & W Auto Services Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of P & W Auto Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
20 June 2025
P & W Auto Services Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 6
34,259
 
41,988
 
Current assets    
Stocks
15,000
 
12,000
 
Debtors 7
98,107
 
78,038
 
Cash at bank and in hand
10,243
 
12,035
 
123,350
 
102,073
 
Creditors: amounts falling due within one year 8
(140,023
 )
(109,744
 )
Net current liabilities
(16,673
 )
(7,671
 )
Total assets less current liabilities 17,586   34,317  
Creditors: amounts falling due after more than one year 9
(52,846
 )
(84,032
 )
Net liabilities
(35,260
 )
(49,715
 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(35,360
 )
(49,815
 )
Shareholders deficit
(35,260
 )
(49,715
 )
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
P Pallister
Director
Company registration number:
08997181
P & W Auto Services Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered in the course of a vehicle repairer

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
33% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses .
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% straight line
Motor vehicles
25% straight line
Office equipment
33% straight line
Land and buildings
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Hire purchase contracts

Assets held under hire purchase contracts are recorded at cost. Interest is charged to the profit and loss account on a straight line basis.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 October 2023
and
30 September 2024
1,000
 
Amortisation  
At
1 October 2023
and
30 September 2024
1,000
 
Carrying amount  
At
30 September 2024
 -  
At 30 September 2023 -  

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 October 2023
8,760
 
74,897
 
83,657
 
Additions -  
270
 
270
 
At
30 September 2024
8,760
 
75,167
 
83,927
 
Depreciation      
At
1 October 2023
6,576
 
35,093
 
41,669
 
Charge
1,092
 
6,907
 
7,999
 
At
30 September 2024
7,668
 
42,000
 
49,668
 
Carrying amount      
At
30 September 2024
1,092
 
33,167
 
34,259
 
At 30 September 2023
2,184
 
39,804
 
41,988
 

7 Debtors

20242023
££
Trade debtors
16,332
 
1,746
 
Other debtors
81,775
 
76,292
 
98,107
 
78,038
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
20,203
 
4,648
 
Trade creditors
58,963
 
49,734
 
Taxation and social security
7,467
 
2,659
 
Other creditors
53,390
 
52,703
 
140,023
 
109,744
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
4,060
 
4,552
 
Other creditors
48,786
 
79,480
 
52,846
 
84,032
 

10 Operating leases

The company as lessee    
20242023
££
Later than 1 year and not later than 5 years
27,000
 
27,000
 

11 Guarantees and other financial commitments

The directors have guaranteed amounts outstanding to 365 Business Services. The amount at the end of the year was £7503

12 Directors' advances, credit and guarantees

Included in debtors is an amount of a loan to Mrs Patricia Pallister of £60,121 of which £15,000 was repaid within 9 months