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Company Registration No. NI633554 (Northern Ireland)
PMA CARS LTD Unaudited accounts for the year ended 30 September 2024
PMA CARS LTD Unaudited accounts Contents
Page
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PMA CARS LTD Company Information for the year ended 30 September 2024
Director
Paul McAteer
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
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PMA CARS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,624 
13,281 
Current assets
Inventories
901,449 
948,918 
Debtors
117,749 
141,116 
Cash at bank and in hand
181,823 
302 
1,201,021 
1,090,336 
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 
Capital and reserves
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
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PMA CARS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20
Motor vehicles
20
Fixtures & fittings
20
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 
Additions
- 
- 
1,817 
1,817 
At 30 September 2024
29,255 
8,450 
12,422 
50,127 
Depreciation
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 
Net book value
At 30 September 2024
5,066 
3,235 
3,323 
11,624 
At 30 September 2023
6,888 
4,044 
2,349 
13,281 
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PMA CARS LTD Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
55,749 
68,767 
Trade debtors
- 
72,349 
Other debtors
62,000 
- 
117,749 
141,116 
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 
Accruals
61,015 
95,005 
378,431 
311,865 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,624 
26,198 
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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