REGISTERED NUMBER: 06865792 (England and Wales)

P.T.S. AUTOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G E Phelps

SECRETARY:

Mrs S Phelps

REGISTERED OFFICE:

Hale House, Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

REGISTERED NUMBER:

06865792 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

FIXED ASSETS

Tangible assets

4

75,936

83,927

Investments

5

21,000

21,000

96,936

104,927

CURRENT ASSETS

Debtors

6

66,322

72,757

Cash at bank and in hand

3,001

5,978

69,323

78,735

CREDITORS

Amounts falling due within one year

7

5,650

6,390

NET CURRENT ASSETS

63,673

72,345

TOTAL ASSETS LESS CURRENT LIABILITIES

160,609

177,272

CREDITORS

Amounts falling due after more than one year

8

15,325

28,013

NET ASSETS

145,284

149,259

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

145,184

149,159

SHAREHOLDERS' FUNDS

145,284

149,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 June 2025 and were signed by:

Mr G E Phelps - Director

1.	STATUTORY INFORMATION

P.T.S. Autos 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

51,965

117,280

3,455

172,700

DEPRECIATION

At 1 February 2024

-

85,881

2,892

88,773

Charge for year

-

7,850

141

7,991

At 31 January 2025

-

93,731

3,033

96,764

NET BOOK VALUE

At 31 January 2025

51,965

23,549

422

75,936

At 31 January 2024

51,965

31,399

563

83,927

5.	FIXED ASSET INVESTMENTS

Loans to

other

participating

interests

£

At 1 February 2024

and 31 January 2025

21,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

66,322

72,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax payable

1,944

1,753

VAT

2,434

3,365

Directors' current accounts

22

22

Accrued expenses

1,250

1,250

5,650

6,390

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Government Bounce Back Loan

-

28,013

Other loans - 2-5 years

15,325

-

15,325

28,013

Amounts falling due in more than five years:

Repayable by instalments

Government Bounce Back Loan

-

28,013

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 February 2024

149,159

Deficit for the year

(3,975

)

At 31 January 2025

145,184