P.G. MCGILLION (MOTORS) LIMITED

Company Registration Number:
NI011332 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

P.G. MCGILLION (MOTORS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

P.G. MCGILLION (MOTORS) LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 655,432 674,394
Investments: 4 13,106 13,106
Total fixed assets: 668,538 687,500
Current assets
Stocks: 610,793 822,578
Debtors:   6,001 33,281
Cash at bank and in hand: 274,410 262,336
Investments:   0 0
Total current assets: 891,204 1,118,195
Creditors: amounts falling due within one year:   (558,694) (770,789)
Net current assets (liabilities): 332,510 347,406
Total assets less current liabilities: 1,001,048 1,034,906
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,001,048 1,034,906
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 0 0
Revaluation reserve:5225,590225,590
Other reserves: 0 0
Profit and loss account: 765,458 799,316
Shareholders funds: 1,001,048 1,034,906

The notes form part of these financial statements

P.G. MCGILLION (MOTORS) LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 June 2025
and signed on behalf of the board by:

Name: Brian McGillion
Status: Director

The notes form part of these financial statements

P.G. MCGILLION (MOTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

P.G. MCGILLION (MOTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

P.G. MCGILLION (MOTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 978,482
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2024 978,482
Depreciation
At 01 August 2023 304,088
Charge for year 18,962
On disposals 0
Other adjustments 0
At 31 July 2024 323,050
Net book value
At 31 July 2024 655,432
At 31 July 2023 674,394

P.G. MCGILLION (MOTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

COST AT 1ST AUGUST 2023 & 1ST AUGUST 2024 £13106 IMPAIRMENT AT 1ST AUGUST 2023 & 1ST AUGUST 2024 £0 CARRYING AMOUNT AT 31ST JULY 2024 £13106 AT 31ST JULY 2023 £13106

P.G. MCGILLION (MOTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Revaluation reserve

2024
£
Balance at 01 August 2023 225,590
Surplus or deficit after revaluation 0
Balance at 31 July 2024 225,590