Company registration number 10412334 (England and Wales)
PERKINS AUTOMOTIVE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PERKINS AUTOMOTIVE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PERKINS AUTOMOTIVE LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
191,177
173,022
Investments
4
168,350
168,350
359,527
341,372
Current assets
Stocks
16,757
47,712
Debtors
5
934,949
985,046
Cash at bank and in hand
206,540
200,927
1,158,246
1,233,685
Creditors: amounts falling due within one year
6
(361,563)
(514,816)
Net current assets
796,683
718,869
Total assets less current liabilities
1,156,210
1,060,241
Provisions for liabilities
(6,212)
(15,041)
Net assets
1,149,998
1,045,200
Capital and reserves
Called up share capital
1
1
Capital redemption reserve
1
1
Profit and loss reserves
1,149,996
1,045,198
Total equity
1,149,998
1,045,200
PERKINS AUTOMOTIVE LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 November 2025 and are signed on its behalf by:
Mr N Perkins
Director
Company registration number 10412334 (England and Wales)
PERKINS AUTOMOTIVE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Perkins Automotive Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Piperswood, Waterberry Drive, Waterlooville, Hampshire, United Kingdom, PO7 7XU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover represents amounts receivable for work done net of value added tax.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Fixed asset investments

Fixed asset investments are stated at cost.

1.5
Stocks

Work in progress is valued at cost plus an element of profit.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PERKINS AUTOMOTIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
15
PERKINS AUTOMOTIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
5,484
108,405
20,567
213,089
347,545
Additions
-
0
8,153
4,783
63,000
75,936
At 31 March 2025
5,484
116,558
25,350
276,089
423,481
Depreciation and impairment
At 1 April 2024
3,837
71,056
11,896
87,734
174,523
Depreciation charged in the year
548
10,369
2,441
44,423
57,781
At 31 March 2025
4,385
81,425
14,337
132,157
232,304
Carrying amount
At 31 March 2025
1,099
35,133
11,013
143,932
191,177
At 31 March 2024
1,647
37,349
8,671
125,355
173,022
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
168,350
168,350
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
195,398
214,090
Corporation tax recoverable
66,939
66,939
Other debtors
672,612
704,017
934,949
985,046
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
125,523
200,852
Corporation tax
51,331
147,840
Other taxation and social security
41,506
41,994
Other creditors
143,203
124,130
361,563
514,816
PERKINS AUTOMOTIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Finance lease obligations

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £101,568 (202 4 : £152,352) in relation to property leases, and £7 2,178 (202 4 : £78,408) in relation to vehicles leases.

2025-03-31 2024-04-01 false false false 25 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr N Perkins Mr Philip Mooney Ms N Perkins 10412334 2024-04-01 2025-03-31 10412334 2025-03-31 10412334 2024-03-31 10412334 core:LandBuildings 2025-03-31 10412334 core:PlantMachinery 2025-03-31 10412334 core:FurnitureFittings 2025-03-31 10412334 core:MotorVehicles 2025-03-31 10412334 core:LandBuildings 2024-03-31 10412334 core:PlantMachinery 2024-03-31 10412334 core:FurnitureFittings 2024-03-31 10412334 core:MotorVehicles 2024-03-31 10412334 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10412334 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10412334 core:WithinOneYear 2025-03-31 10412334 core:WithinOneYear 2024-03-31 10412334 core:CurrentFinancialInstruments 2025-03-31 10412334 core:CurrentFinancialInstruments 2024-03-31 10412334 core:ShareCapital 2025-03-31 10412334 core:ShareCapital 2024-03-31 10412334 core:CapitalRedemptionReserve 2025-03-31 10412334 core:CapitalRedemptionReserve 2024-03-31 10412334 core:RetainedEarningsAccumulatedLosses 2025-03-31 10412334 core:RetainedEarningsAccumulatedLosses 2024-03-31 10412334 bus:Director1 2024-04-01 2025-03-31 10412334 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 10412334 core:PlantMachinery 2024-04-01 2025-03-31 10412334 core:FurnitureFittings 2024-04-01 2025-03-31 10412334 core:MotorVehicles 2024-04-01 2025-03-31 10412334 2023-04-01 2024-03-31 10412334 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 10412334 core:PlantMachinery 2024-03-31 10412334 core:FurnitureFittings 2024-03-31 10412334 core:MotorVehicles 2024-03-31 10412334 2024-03-31 10412334 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 10412334 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 10412334 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10412334 bus:FRS102 2024-04-01 2025-03-31 10412334 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10412334 bus:Director2 2024-04-01 2025-03-31 10412334 bus:Director3 2024-04-01 2025-03-31 10412334 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10412334 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP