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Registered number: 13094910
Parts4pickups Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Hudson LM Limited
Castle Court
Castle Street
Whittington, Oswestry
Shropshire
SY11 4DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13094910
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,200 4,400
Tangible Assets 5 67,642 84,275
69,842 88,675
CURRENT ASSETS
Stocks 6 336,225 312,340
Debtors 7 139,783 136,623
Cash at bank and in hand 38,569 48,391
514,577 497,354
Creditors: Amounts Falling Due Within One Year 8 (264,838 ) (290,447 )
NET CURRENT ASSETS (LIABILITIES) 249,739 206,907
TOTAL ASSETS LESS CURRENT LIABILITIES 319,581 295,582
Creditors: Amounts Falling Due After More Than One Year 9 (70,400 ) (90,092 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,464 ) (20,524 )
NET ASSETS 232,717 184,966
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 8,860 8,860
Profit and Loss Account 223,757 176,006
SHAREHOLDERS' FUNDS 232,717 184,966
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tom Dyos
Director
20 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Parts4pickups Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13094910 . The registered office is Catchems Site, Guilsfield Road, Welshpool, Powys, SY21 9BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RBM
Motor Vehicles 25% RBM
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 10)
15 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 11,000
As at 31 January 2025 11,000
Amortisation
As at 1 February 2024 6,600
Provided during the period 2,200
As at 31 January 2025 8,800
...CONTINUED
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Net Book Value
As at 31 January 2025 2,200
As at 1 February 2024 4,400
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 84,645 70,300 154,945
Additions 3,264 - 3,264
As at 31 January 2025 87,909 70,300 158,209
Depreciation
As at 1 February 2024 48,175 22,495 70,670
Provided during the period 7,945 11,952 19,897
As at 31 January 2025 56,120 34,447 90,567
Net Book Value
As at 31 January 2025 31,789 35,853 67,642
As at 1 February 2024 36,470 47,805 84,275
6. Stocks
2025 2024
£ £
Materials 336,225 312,340
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,598 47,699
Prepayments and accrued income 417 -
Amounts owed by related companies 100,768 88,924
139,783 136,623
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,778 9,778
Trade creditors 38,413 6,173
Bank loans and overdrafts 98,263 191,006
Corporation tax 63,037 36,726
Other taxes and social security 11,489 20,590
VAT 39,384 21,457
Other creditors - 2,687
Accruals and deferred income 4,321 1,876
Director's loan account 153 154
264,838 290,447
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 39,140 48,918
Bank loans 31,260 41,174
70,400 90,092
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,778 9,778
Later than one year and not later than five years 39,140 48,918
48,918 58,696
48,918 58,696
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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