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REGISTERED NUMBER: 09311459 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 November 2024

for

The Premium Car Collection Limited

The Premium Car Collection Limited (Registered number: 09311459)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Premium Car Collection Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr I R Entwistle
Mrs B E Entwistle





REGISTERED OFFICE: Unit 3 Tinsley Industrial Estate
Shepcote Lane
Sheffield
S9 1TH





REGISTERED NUMBER: 09311459 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

The Premium Car Collection Limited (Registered number: 09311459)

Balance Sheet
30 November 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,599 11,320

CURRENT ASSETS
Stocks 1,371,879 1,087,825
Debtors 5 166,720 11,518
Cash at bank and in hand 577,168 762,799
2,115,767 1,862,142
CREDITORS
Amounts falling due within one year 6 345,636 309,554
NET CURRENT ASSETS 1,770,131 1,552,588
TOTAL ASSETS LESS CURRENT LIABILITIES 1,779,730 1,563,908

CREDITORS
Amounts falling due after more than one year 7 (5,000 ) (15,000 )

PROVISIONS FOR LIABILITIES (2,400 ) (2,830 )
NET ASSETS 1,772,330 1,546,078

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,772,130 1,545,878
1,772,330 1,546,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:




Mr I R Entwistle - Director



Mrs B E Entwistle - Director


The Premium Car Collection Limited (Registered number: 09311459)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

The Premium Car Collection 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2023 40,357
Additions 3,337
Disposals (4,013 )
At 30 November 2024 39,681
DEPRECIATION
At 1 December 2023 29,037
Charge for year 3,519
Eliminated on disposal (2,474 )
At 30 November 2024 30,082
NET BOOK VALUE
At 30 November 2024 9,599
At 30 November 2023 11,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,712 9,990
Other debtors 159,008 1,528
166,720 11,518

The Premium Car Collection Limited (Registered number: 09311459)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 62,392 75,694
Taxation and social security 111,370 84,445
Other creditors 161,874 139,415
345,636 309,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 5,000 15,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 27,742 45,000
Between one and five years - 27,742
27,742 72,742

9. RELATED PARTY DISCLOSURES

In the year, the Company advanced amounts of £146,529 (2023: £Nil) to Entwistle Estates Limited, a company controlled by the directors. At the year end, the Company was owed £146,529 (2023: Nil) by Entwistle Estates Limited.