Company registration number 05951091 (England and Wales)
PH MOTORS (LEIGH) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PH MOTORS (LEIGH) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PH MOTORS (LEIGH) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,738
2,227
Current assets
Stocks
743
861
Debtors
4
1,944
1,797
Cash at bank and in hand
11,801
3,497
14,488
6,155
Creditors: amounts falling due within one year
5
(6,333)
(4,697)
Net current assets
8,155
1,458
Total assets less current liabilities
9,893
3,685
Provisions for liabilities
(331)
(423)
Net assets
9,562
3,262
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
9,462
3,162
Total equity
9,562
3,262
For the financial year ended 30 September 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 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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
Mr PA Holcroft
Director
Company registration number 05951091 (England and Wales)
PH MOTORS (LEIGH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
1.1
Company information
PH Motors (Leigh) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Medway Close, Leigh, Lancashire, United Kingdom, WN7 3QT.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.3
Basis of Preparation
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% Reducing balance
Motor vehicles
25% Reducing balance
1.6
Taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
PH MOTORS (LEIGH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
6,363
3,900
10,263
Depreciation and impairment
At 1 October 2023
5,007
3,029
8,036
Depreciation charged in the year
271
218
489
At 30 September 2024
5,278
3,247
8,525
Carrying amount
At 30 September 2024
1,085
653
1,738
At 30 September 2023
1,356
871
2,227
4
Debtors: Amounts falling due within one year
2024
2023
£
£
Trade debtors
575
555
Other debtors
1,369
1,242
1,944
1,797
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
232
Corporation tax
4,316
3,118
Other creditors
1,785
1,579
6,333
4,697