Company Registration No. NI633554 (Northern Ireland)
PMA CARS LTD
Unaudited accounts
for the year ended 30 September 2024
PMA CARS LTD
Unaudited accounts
Contents
PMA CARS LTD
Company Information
for the year ended 30 September 2024
Company Number
NI633554 (Northern Ireland)
Registered Office
52a Belfast Road
Newry
Norther Ireland
BT34 1TR
United Kingdom
Accountants
BHP ACCOUNTANTS LTD
5 SUGARHOUSE QUAY
NEWRY
BT35 6HZ
PMA CARS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
11,624
13,281
Inventories
901,449
948,918
Cash at bank and in hand
181,823
302
Creditors: amounts falling due within one year
(378,431)
(311,865)
Net current assets
822,590
778,471
Total assets less current liabilities
834,214
791,752
Creditors: amounts falling due after more than one year
(15,624)
(26,198)
Net assets
818,590
765,554
Called up share capital
2
2
Profit and loss account
818,588
765,552
Shareholders' funds
818,590
765,554
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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2025 and were signed on its behalf by
Paul McAteer
Director
Company Registration No. NI633554
PMA CARS LTD
Notes to the Accounts
for the year ended 30 September 2024
PMA CARS LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI633554. The registered office is 52a Belfast Road, Newry, Norther Ireland, BT34 1TR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
29,255
8,450
10,605
48,310
At 30 September 2024
29,255
8,450
12,422
50,127
At 1 October 2023
22,367
4,406
8,256
35,029
Charge for the year
1,822
809
843
3,474
At 30 September 2024
24,189
5,215
9,099
38,503
At 30 September 2024
5,066
3,235
3,323
11,624
At 30 September 2023
6,888
4,044
2,349
13,281
PMA CARS LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
257,678
7,950
Taxes and social security
45,961
136,396
Other creditors
13,777
72,514
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).