Registration number: 04431852

Prestige Vehicle Sales & Consultancy Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Prestige Vehicle Sales & Consultancy Ltd

Company Information

Directors

Mr N T Pope Mrs J M Pope

Registered office

Orchard Cottage The Street Westley Waterless Newmarket Suffolk CB8 0RQ

Accountants

N W Accountancy Limited 7 Laureate Industrial Estate Newmarket Suffolk CB8 0AP

Prestige Vehicle Sales & Consultancy Ltd

(Registration number: 04431852)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	712	950
Current assets
Stocks	5	387,072	279,559
Debtors	6	40,250	84,347
Cash at bank and in hand		102,336	48,107
		529,658	412,013
Creditors: Amounts falling due within one year	7	(234,921)	(143,562)
Net current assets		294,737	268,451
Net assets		295,449	269,401
Capital and reserves
Called up share capital	8	2	2
Retained earnings		295,447	269,399
Shareholders' funds		295,449	269,401

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

Prestige Vehicle Sales & Consultancy Ltd

(Registration number: 04431852)
Balance Sheet as at 31 March 2025

......................................... Mr N T Pope Director

......................................... Mrs J M Pope Director

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Orchard Cottage
The Street
Westley Waterless
Newmarket
Suffolk
CB8 0RQ
ENGLAND AND WALES

These financial statements were authorised for issue by the Board on 24 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,703	1,703
At 31 March 2025	1,703	1,703
Depreciation
At 1 April 2024	753	753
Charge for the year	238	238
At 31 March 2025	991	991
Carrying amount
At 31 March 2025	712	712
At 31 March 2024	950	950

5

Stocks

	2025 £	2024 £
Other inventories	387,072	279,559

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	71,690
Other debtors	40,250	12,657
	40,250	84,347

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	2,624
Taxation and social security	62,059	44,750
Accruals and deferred income	-	1,500
Other creditors	172,862	94,688
	234,921	143,562

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of 15,000.00 (2024 - 55,000.00) per each Ordinary share		30,000		110,000

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
Mr N T Pope
Loan to/(from/Director - unsecured, interest free and repayable on demand	(2,122)	(12,774)	(14,896)
Mrs J M Pope
Loan to/(from) Director - unsecured, interest free and repayable on demand	(2,121)	(12,774)	(14,895)

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Mr N T Pope
Loan to/(from/Director - unsecured, interest free and repayable on demand	10,139	(12,261)	(2,122)
Mrs J M Pope
Loan to/(from) Director - unsecured, interest free and repayable on demand	10,139	(12,260)	(2,121)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,806	25,755
Contributions paid to money purchase schemes	72,000	62,000
	97,806	87,755

Dividends paid to directors

Prestige Vehicle Sales & Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

		2025 £		2024 £
Mr N T Pope
Interim dividend		15,000		55,000
Mrs J M Pope
Interim dividend		15,000		55,000