Company Registration No. 06458665 (England and Wales)
UK Performance Parts Limited
Unaudited accounts
for the year ended 31 December 2024
UK Performance Parts Limited
Unaudited accounts
Contents
UK Performance Parts Limited
Company Information
for the year ended 31 December 2024
Directors
Paul McCallum
Deborah McCallum
Company Number
06458665 (England and Wales)
Registered Office
61 Plodder Lane
Farnworth
BL4 0BX
Accountants
Daniel Sam Limited
61 Plodder Lane
Farnworth
Bolton
BL4 0BX
UK Performance Parts Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,605
186,818
Inventories
169,816
36,984
Cash at bank and in hand
2,692
1,675
Creditors: amounts falling due within one year
(15,825)
(67,330)
Net current assets
190,042
24,251
Total assets less current liabilities
191,647
211,069
Creditors: amounts falling due after more than one year
(221,757)
(233,786)
Provisions for liabilities
Net liabilities
(30,512)
(22,717)
Called up share capital
102
102
Profit and loss account
(30,614)
(22,819)
Shareholders' funds
(30,512)
(22,717)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Paul McCallum
Director
Company Registration No. 06458665
UK Performance Parts Limited
Notes to the Accounts
for the year ended 31 December 2024
UK Performance Parts Limited is a private company, limited by shares, registered in England and Wales, registration number 06458665. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
UK Performance Parts Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
16,646
At 31 December 2024
15,041
At 31 December 2023
186,818
Amounts falling due within one year
Accrued income and prepayments
33,359
31,561
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
58,278
Trade creditors
6,079
3,266
Taxes and social security
279
-
Loans from directors
4,386
4,376
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
98,185
Amounts owed to group undertakings and other participating interests
221,757
135,601
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).