Company Registration No. 6513635 (England and Wales)
Purley Way Service Stn Limited
Unaudited accounts
for the year ended 31 March 2025
Purley Way Service Stn Limited
Unaudited accounts
Contents
Purley Way Service Stn Limited
Company Information
for the year ended 31 March 2025
Directors
Mr M Suresh
Mrs N Suresh
Company Number
6513635 (England and Wales)
Registered Office
15a Walm Lane
London
NW2 5SJ
England and Wales
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
Purley Way Service Stn Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,549,677
2,590,230
Inventories
165,065
168,794
Cash at bank and in hand
1,811,080
2,243,965
Creditors: amounts falling due within one year
(616,151)
(656,699)
Net current assets
1,376,845
1,766,043
Total assets less current liabilities
3,926,522
4,356,273
Creditors: amounts falling due after more than one year
(506,405)
(1,442,321)
Net assets
3,420,117
2,913,952
Called up share capital
10
10
Profit and loss account
3,420,107
2,913,942
Shareholders' funds
3,420,117
2,913,952
For the year ending 31 March 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 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 1 August 2025 and were signed on its behalf by
Mr M Suresh
Director
Company Registration No. 6513635
Purley Way Service Stn Limited
Notes to the Accounts
for the year ended 31 March 2025
Purley Way Service Stn Limited is a private company, limited by shares, registered in England and Wales, registration number 6513635. The registered office is 15a Walm Lane, London, NW2 5SJ, England and 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.
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.
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of
net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less
accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful
life and is amortised on a systematic basis over its expected life, which is 10 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit
from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at
least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable
amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is
allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets
of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
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:
Land & buildings
2.5% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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.
Purley Way Service Stn Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,673,192
15,201
285,065
2,973,458
Additions
-
-
12,027
12,027
At 31 March 2025
2,673,192
15,201
297,092
2,985,485
At 1 April 2024
165,000
3,800
214,428
383,228
Charge for the year
30,000
2,850
19,730
52,580
At 31 March 2025
195,000
6,650
234,158
435,808
At 31 March 2025
2,478,192
8,551
62,934
2,549,677
At 31 March 2024
2,508,192
11,401
70,637
2,590,230
Amounts falling due within one year
Accrued income and prepayments
4,807
4,733
Other debtors
12,044
5,250
Purley Way Service Stn Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
152,448
225,972
Trade creditors
258,165
236,388
Taxes and social security
201,778
190,496
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
506,405
1,442,321
9
Average number of employees
During the year the average number of employees was 15 (2024: 15).