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REGISTERED NUMBER: 01187620 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PDH CARS LIMITED

PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 25,075 28,025
Tangible assets 5 60,615 84,290
85,690 112,315

CURRENT ASSETS
Stocks 949,033 810,722
Debtors 6 596,608 558,058
Cash in hand 25 25
1,545,666 1,368,805
CREDITORS
Amounts falling due within one year 7 (1,409,598 ) (1,304,628 )
NET CURRENT ASSETS 136,068 64,177
TOTAL ASSETS LESS CURRENT LIABILITIES 221,758 176,492

CREDITORS
Amounts falling due after more than one year 8 (18,000 ) (22,500 )
NET ASSETS 203,758 153,992

CAPITAL AND RESERVES
Called up share capital 10 159,931 159,931
Share premium 8,118 8,118
Capital redemption reserve 2 2
Retained earnings 35,707 (14,059 )
SHAREHOLDERS' FUNDS 203,758 153,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 11 August 2025 and were signed on its behalf by:





I Mounch - Director


PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

PDH Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01187620

Registered office: London Road
Hassocks
West Sussex
BN6 9NZ

The presentation currency of the financial statements is the Pound Sterling (£) and have been rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparation
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.

Going concern
The directors have prepared forecasts which reflect management's plans and the operating environment in order for them to assess the company's ability to continue as a going concern. They have also considered the continued support from the directors. Following their assessment, the directors have satisfied themselves that the company will remain a going concern for the foreseeable future and the financial statements are appropriately prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added tax. The policies adopted for the recognition of turnover are as follows:

Sale of vehicles and parts
Turnover from the sale of vehicles and parts is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Vehicle servicing
Turnover from vehicle servicing is recognised on the date of the service.

Manufacturer bonuses
Turnover from manufacturers is recognised when targets are met and the bonuses can be estimated reliably.

Intangible assets
Intangible fixed assets are stated at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is provided at the following rate in order to write off the cost less estimated residual value over each asset over its estimated useful life:

Website - 10% straight line basis
All other intangible assets are fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 33% on cost, 20% on cost and 10% on cost
Fixtures, fittings and equipment - 33% on cost, 20% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks of vehicles are valued at the lower of cost and estimated selling price.

Stock of parts are valued at the lower of cost and estimated selling price less costs to sell.

Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and cash equivalents, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost, using the effective interest method unless the arrangement constitutes a financing trans-action, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Amortised cost is determined as being the transaction price less any amounts settled and any impairment losses. Financial assets classified as receivable within one year are not amortised.

A provision for impairment of debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Basic financial liabilities
Basic financial liabilities, including trade, group and other creditors (including accruals) payable are initially measured at the transaction price and subsequently measured at amortised cost unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as receivable within one year are not amortised.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 12 (2023 - 16 ) .

PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 29,599
Disposals (99 )
At 31 December 2024 29,500
AMORTISATION
At 1 January 2024 1,574
Charge for year 2,950
Eliminated on disposal (99 )
At 31 December 2024 4,425
NET BOOK VALUE
At 31 December 2024 25,075
At 31 December 2023 28,025

5. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
to Plant and and
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 92,259 82,430 150,841 325,530
Disposals (606 ) (5,767 ) (58,359 ) (64,732 )
At 31 December 2024 91,653 76,663 92,482 260,798
DEPRECIATION
At 1 January 2024 84,224 57,231 99,785 241,240
Charge for year 5,456 6,626 10,409 22,491
Eliminated on disposal (606 ) (5,442 ) (57,500 ) (63,548 )
At 31 December 2024 89,074 58,415 52,694 200,183
NET BOOK VALUE
At 31 December 2024 2,579 18,248 39,788 60,615
At 31 December 2023 8,035 25,199 51,056 84,290

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,788 5,783
Amounts owed by group undertakings 41,147 38,647
Other debtors 18,393 61,881
Directors' current accounts 274,405 215,673
Tax 90,660 70,838
Prepayments and accrued income 20,907 20,485
447,300 413,307

PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Deferred tax asset 149,308 144,751

Aggregate amounts 596,608 558,058

Deferred tax asset
2024 2023
£    £   
Accelerated capital allowances (6,473 ) (11,030 )
Tax losses carried forward 155,781 155,781
149,308 144,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 343,653 318,971
Trade creditors 67,553 237,266
Tax 19,822 23,632
Social security and other taxes 9,429 10,759
VAT 45,459 78,736
Other creditors 695,789 617,432
Directors' current accounts 205,710 -
Accruals and deferred income 22,183 17,832
1,409,598 1,304,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 18,000 22,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 343,653 318,971

The bank overdraft is repayable on demand and is secured by fixed and floating charges over the company's assets.

The bank has provided a guarantee facility on behalf of the company to a supplier amounting to £175,000, secured by fixed and floating charges over the company's assets.

The company has a vehicle funding facility. At the year end £683,538 (2023: £592,856) is payable in respect of this facility, this has been recognised in other creditors. The facility incurs interest accruing daily of SONIA+2.5% and is secured against the vehicles funded by the facility.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,599,310 Ordinary 10p 159,931 159,931

PDH CARS LIMITED (REGISTERED NUMBER: 01187620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company advanced £58,732 (2023: £20,916) to a director and the director made repayments of £Nil (2023: £Nil). At the year end, the director owed the company £274,405 (2023: £215,673) The advances were unsecured and repayable on demand. Interest of £6,032 (2023: £5,105) was charged in the year at the rate of 2.25%.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

The showroom and garage is leased to the company by a director. From the month of December 2022 onwards the company is receiving a rent holiday. Such a rent holiday is unlikely to be provided by a third party landlord under normal conditions.