Company Registration No. 9587747 (England and Wales)
PENARTH AUTOCARE LTD
Unaudited accounts
for the year ended 31 May 2025
PENARTH AUTOCARE LTD
Unaudited accounts
Contents
PENARTH AUTOCARE LTD
Company Information
for the year ended 31 May 2025
Company Number
9587747 (England and Wales)
Registered Office
B1 West Point Industrial Estate
Penarth Road
Cardiff
CF11 8JQ
Wales
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
PENARTH AUTOCARE LTD
Statement of financial position
as at 31 May 2025
Tangible assets
15,757
14,858
Cash at bank and in hand
310,253
240,932
Creditors: amounts falling due within one year
(106,905)
(116,632)
Net current assets
264,115
173,187
Net assets
279,872
188,045
Called up share capital
5
5
Profit and loss account
279,867
188,040
Shareholders' funds
279,872
188,045
For the year ending 31 May 2025 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 director acknowledges her 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 and authorised for issue on 3 September 2025 and were signed on its behalf by
Suzanna Prosser
Director
Company Registration No. 9587747
PENARTH AUTOCARE LTD
Notes to the Accounts
for the year ended 31 May 2025
PENARTH AUTOCARE LTD is a private company, limited by shares, registered in England and Wales, registration number 9587747. The registered office is B1 West Point Industrial Estate, Penarth Road, Cardiff, CF11 8JQ, Wales.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PENARTH AUTOCARE LTD
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
63,633
22,750
-
464
86,847
Additions
2,219
-
3,000
947
6,166
At 31 May 2025
65,852
22,750
3,000
1,411
93,013
At 1 June 2024
48,774
22,750
-
465
71,989
Charge for the year
4,351
-
600
316
5,267
At 31 May 2025
53,125
22,750
600
781
77,256
At 31 May 2025
12,727
-
2,400
630
15,757
At 31 May 2024
14,859
-
-
(1)
14,858
Amounts falling due within one year
Trade debtors
34,925
28,519
Accrued income and prepayments
4,897
4,523
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,873
28,565
Taxes and social security
65,633
48,735
Loans from directors
-
18,000
7
Average number of employees
During the year the average number of employees was 6 (2024: 8).