PP Motor Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10611435

PP MOTOR GROUP LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

PP MOTOR GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	105,035	143,762

Current assets

Stocks		205,847	242,361
Debtors	6	125,855	122,912
Cash at bank and in hand		60,391	12,710
		----------	----------
		392,093	377,983

Creditors: amounts falling due within one year	7	296,560	301,384
		----------	----------
Net current assets		95,533	76,599
		----------	----------
Total assets less current liabilities		200,568	220,361

Creditors: amounts falling due after more than one year	8	151,550	169,102

Provisions	8,553	13,627
	----------	----------
Net assets	40,465	37,632
	----------	----------

PP MOTOR GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	40,365	37,532
	---------	---------
Shareholder funds	40,465	37,632
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

J Creasey
Director

Company registration number: 10611435

PP MOTOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6-11 Clayton Road, Newark Road Industrial Estate, Lincoln, LN5 8RE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	20% straight line
Plant and machinery	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 16 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	43,922	230,503	140,351	23,237	438,013
Additions	14,320	15,865	–	2,196	32,381
Disposals	–	–	( 79,151)	–	( 79,151)
	---------	----------	----------	---------	----------
At 31 March 2025	58,242	246,368	61,200	25,433	391,243
	---------	----------	----------	---------	----------
Depreciation
At 1 April 2024	35,604	173,965	66,768	17,914	294,251
Charge for the year	1,664	33,214	12,240	2,427	49,545
Disposals	–	–	( 57,588)	–	( 57,588)
	---------	----------	----------	---------	----------
At 31 March 2025	37,268	207,179	21,420	20,341	286,208
	---------	----------	----------	---------	----------
Carrying amount
At 31 March 2025	20,974	39,189	39,780	5,092	105,035
	---------	----------	----------	---------	----------
At 31 March 2024	8,318	56,538	73,583	5,323	143,762
	---------	----------	----------	---------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	99,446	116,831
Other debtors	26,409	6,081
	----------	----------
	125,855	122,912
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,956	41,657
Trade creditors	160,738	155,984
Corporation tax	10,072	14,235
Social security and other taxes	64,377	54,172
Other loans	11,111	11,111
Other creditors	21,306	24,225
	----------	----------
	296,560	301,384
	----------	----------

Included within other creditors is a balance of £3,730 relating to assets held under hire purchase.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	60,454	62,976
Other loans	48,997	60,167
Other creditors	42,099	45,959
	----------	----------
	151,550	169,102
	----------	----------

Included within other creditors is a balance of £42,099 relating to assets held under hire purchase.

9. Related party transactions

No transactions with related parties were undertaken, such as are required to be disclosed under FRS102 (Section 1A).

10. Controlling party

The company is a 100% subsidiary of JC Holdco Ltd, a company incorporated in England & Wales. The ultimate controlling party is J Creasey .