REGISTERED NUMBER: 05514596 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

PHANTOM MOTOR CARS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S T E Worthington

S J S Worthington

REGISTERED OFFICE:

Pankridge Street

Crondall

Farnham

Surrey

GU10 5QT

REGISTERED NUMBER:

05514596 (England and Wales)

ACCOUNTANTS:

Bolton & Co

Fetcham Park House

Fetcham Park

Lower Road

Fetcham

Surrey

KT22 9HD

FIXED ASSETS

Tangible assets

4

56,957

51,240

CURRENT ASSETS

Stocks

610,800

656,374

Debtors

5

121,343

47,219

Cash at bank and in hand

1,028,494

864,572

1,760,637

1,568,165

CREDITORS

Amounts falling due within one year

6

296,083

281,550

NET CURRENT ASSETS

1,464,554

1,286,615

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,511

1,337,855

PROVISIONS FOR LIABILITIES

14,239

12,690

NET ASSETS

1,507,272

1,325,165

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,507,172

1,325,065

SHAREHOLDERS' FUNDS

1,507,272

1,325,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 22 September 2025 and were signed on its behalf by:

S T E Worthington - Director

1.	STATUTORY INFORMATION

Phantom Motor Cars 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

Compliance with accounting standards

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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except otherwise stated).

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

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipmt

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

46,506

39,994

6,041

Additions

-

-

-

Disposals

-

-

-

At 30 April 2025

46,506

39,994

6,041

DEPRECIATION

At 1 May 2024

13,503

33,849

4,602

Charge for year

2,950

922

144

Eliminated on disposal

-

-

-

At 30 April 2025

16,453

34,771

4,746

NET BOOK VALUE

At 30 April 2025

30,053

5,223

1,295

At 30 April 2024

33,003

6,145

1,439

Motor

Computer

vehicles

equipmt

Totals

£

£

£

COST

At 1 May 2024

37,450

5,365

135,356

Additions

11,600

1,894

13,494

Disposals

(4,500

)

-

(4,500

)

At 30 April 2025

44,550

7,259

144,350

DEPRECIATION

At 1 May 2024

27,937

4,225

84,116

Charge for year

2,842

543

7,401

Eliminated on disposal

(4,124

)

-

(4,124

)

At 30 April 2025

26,655

4,768

87,393

NET BOOK VALUE

At 30 April 2025

17,895

2,491

56,957

At 30 April 2024

9,513

1,140

51,240

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

80,698

46,645

Other debtors

40,645

574

121,343

47,219

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade creditors

29,783

21,607

Taxation and social security

106,101

110,824

Other creditors

160,199

149,119

296,083

281,550

7.	RELATED PARTY DISCLOSURES

All dividends were paid to the directors during the year.