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REGISTERED NUMBER: 01784699 (England and Wales)















PARTS EXPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


PARTS EXPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: A W Beecroft
Mrs A M Windsor



REGISTERED OFFICE: 8a Isaac Newton Way
Alma Park Industrial Estate
Grantham
Lincolnshire
NG31 9RT



REGISTERED NUMBER: 01784699 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Lloyds Bank plc
42 St Peters Hill
Grantham
Lincolnshire
NG31 6QJ

PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,681 6,704

CURRENT ASSETS
Stocks 100 6,021
Debtors 5 181,247 165,051
Cash at bank and in hand 137,972 66,108
319,319 237,180
CREDITORS
Amounts falling due within one year 6 260,040 206,205
NET CURRENT ASSETS 59,279 30,975
TOTAL ASSETS LESS CURRENT LIABILITIES 64,960 37,679

CREDITORS
Amounts falling due after more than one year 7 (2,250 ) (11,250 )

PROVISIONS FOR LIABILITIES (1,334 ) (1,194 )
NET ASSETS 61,376 25,235

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 59,376 23,235
SHAREHOLDERS' FUNDS 61,376 25,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:




A W Beecroft - Director



Mrs A M Windsor - Director


PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Parts Export Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of machinery and spares, excluding value added tax. Revenue is recognised when goods are despatched to the customer.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings, equipment and vehicles - 20%-25%

The reducing balance method is used.

Stocks
Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 45,649
Additions 399
At 28 February 2025 46,048
DEPRECIATION
At 1 March 2024 38,945
Charge for year 1,422
At 28 February 2025 40,367
NET BOOK VALUE
At 28 February 2025 5,681
At 29 February 2024 6,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 131,226 109,798
Other debtors 27,939 33,149
Directors' current accounts 20,000 20,000
Prepayments and accrued income 2,082 2,104
181,247 165,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 219,310 179,185
Taxation 23,611 5,759
Other taxes and social security 285 4,177
Accruals and deferred income 7,834 8,084
260,040 206,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Loans - 1-2 years 2,250 9,000
Loans - 2-5 years - 2,250
2,250 11,250

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2,000 Ordinary £1 2,000 2,000

PARTS EXPORT LIMITED (REGISTERED NUMBER: 01784699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

9. OTHER FINANCIAL COMMITMENTS

The company has financial commitments due as follows:

20252024
£ £
Within one year23,00023,000
Between one and five years21,08344,083
44,08367,083

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
A W Beecroft
Balance outstanding at start of year 10,000 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

Mrs A M Windsor
Balance outstanding at start of year 10,000 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

The above are interest-free and repayable on demand.