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Registered number: 04500760
P R Motors Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04500760
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 491,585 444,186
491,585 444,186
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 43,396 43,461
Cash at bank and in hand 278,676 215,797
324,072 261,258
Creditors: Amounts Falling Due Within One Year 7 (178,711 ) (142,311 )
NET CURRENT ASSETS (LIABILITIES) 145,361 118,947
TOTAL ASSETS LESS CURRENT LIABILITIES 636,946 563,133
Creditors: Amounts Falling Due After More Than One Year 8 - (2,508 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (899 )
NET ASSETS 636,946 559,726
CAPITAL AND RESERVES
Called up share capital 9 20,100 20,100
Profit and Loss Account 616,846 539,626
SHAREHOLDERS' FUNDS 636,946 559,726
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For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P N Hornblow
Director
31/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P R Motors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04500760 . The registered office is C/O Goringe Accountants Ltd, Waterside, 1650 Arlington Business Park, Reading, Berkshire, RG7 4SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation is charged on land and buildings.
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 14)
14 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2024 381,222 204,659 89,041 18,744 693,666
Additions - - 67,950 10,851 78,801
As at 31 August 2025 381,222 204,659 156,991 29,595 772,467
Depreciation
As at 1 September 2024 - 176,198 58,311 14,971 249,480
Provided during the period - 12,057 17,395 1,950 31,402
As at 31 August 2025 - 188,255 75,706 16,921 280,882
Net Book Value
As at 31 August 2025 381,222 16,404 81,285 12,674 491,585
As at 1 September 2024 381,222 28,461 30,730 3,773 444,186
5. Stocks
2025 2024
£ £
Stock 2,000 2,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 27,383 26,164
Other debtors 16,013 17,297
43,396 43,461
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 69,489 45,874
Bank loans and overdrafts - 10,295
Other loans 11,730 -
Other creditors 4,143 3,807
Taxation and social security 93,349 82,335
178,711 142,311
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 2,508
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20,100 20,100
10. Directors Advances, Credits and Guarantees
Dividends totalling £5,000 (2024 - £25,000) were paid in the year in respect of shares held by the company's directors.
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