Plaister Autos Limited 15553782 false 2024-03-11 2025-03-31 2025-03-31 The principal activity of the company is maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true true 15553782 2024-03-11 2025-03-31 15553782 2025-03-31 15553782 core:CurrentFinancialInstruments 2025-03-31 15553782 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15553782 core:Goodwill 2025-03-31 15553782 core:MotorVehicles 2025-03-31 15553782 core:PlantMachinery 2025-03-31 15553782 core:OtherRelatedParties 2025-03-31 15553782 bus:SmallEntities 2024-03-11 2025-03-31 15553782 bus:AuditExemptWithAccountantsReport 2024-03-11 2025-03-31 15553782 bus:FilletedAccounts 2024-03-11 2025-03-31 15553782 bus:SmallCompaniesRegimeForAccounts 2024-03-11 2025-03-31 15553782 bus:RegisteredOffice 2024-03-11 2025-03-31 15553782 bus:Director1 2024-03-11 2025-03-31 15553782 bus:Director2 2024-03-11 2025-03-31 15553782 bus:Director3 2024-03-11 2025-03-31 15553782 bus:PrivateLimitedCompanyLtd 2024-03-11 2025-03-31 15553782 core:Goodwill 2024-03-11 2025-03-31 15553782 core:MotorVehicles 2024-03-11 2025-03-31 15553782 core:PlantMachinery 2024-03-11 2025-03-31 15553782 core:Vehicles 2024-03-11 2025-03-31 15553782 core:OtherRelatedParties 2024-03-11 2025-03-31 15553782 countries:EnglandWales 2024-03-11 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 15553782

Plaister Autos Limited

Unaudited Filleted Financial Statements

for the Period from 11 March 2024 to 31 March 2025

 

Plaister Autos Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Plaister Autos Limited

(Registration number: 15553782)
Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Intangible assets

4

126,000

Tangible assets

5

19,474

 

145,474

Current assets

 

Stocks

1,500

Debtors

6

9,486

Cash at bank and in hand

 

76,013

 

86,999

Creditors: Amounts falling due within one year

7

(220,449)

Net current liabilities

 

(133,450)

Total assets less current liabilities

 

12,024

Provisions for liabilities

(202)

Net assets

 

11,822

Capital and reserves

 

Called up share capital

100

Retained earnings

11,722

Shareholders' funds

 

11,822

For the financial period ending 31 March 2025 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 

 

Plaister Autos Limited

(Registration number: 15553782)
Balance Sheet as at 31 March 2025

.........................................
C Plaister
Director

.........................................
R Gould
Director

.........................................
J Bull
Director

 

Plaister Autos Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit A, Dunbeath Road
Elgin Trading Estate
Swindon
Wiltshire
SN2 8EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

 

Plaister Autos Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 31 March 2025

Motor vehicles

25% reducing balance

Plant & machinery

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6.

 

Plaister Autos Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

140,000

140,000

At 31 March 2025

140,000

140,000

Amortisation

Amortisation charge

14,000

14,000

At 31 March 2025

14,000

14,000

Carrying amount

At 31 March 2025

126,000

126,000

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

17,094

5,906

23,000

At 31 March 2025

17,094

5,906

23,000

Depreciation

Charge for the period

2,049

1,477

3,526

At 31 March 2025

2,049

1,477

3,526

Carrying amount

At 31 March 2025

15,045

4,429

19,474

 

Plaister Autos Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 31 March 2025

6

Debtors

Current

2025
£

Trade debtors

3,323

Prepayments

5,896

Other debtors

267

 

9,486

7

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Trade creditors

9,147

Taxation and social security

33,890

Other creditors

177,412

220,449

8

Related party transactions

Loans to related parties

2025

Other related parties
£

Total
£

Advanced

202,225

202,225

Repaid

35,138

35,138

At end of period

237,363

237,363

Terms of loans to related parties

Including in other related parties is a loan for the transfer of the buisiness of £171,824 which is being repaid monthly. Interest is charged at 2.5%.