Company Registration No. 04571829 (England and Wales)
Northway Porsche Limited
Unaudited accounts
for the year ended 31 March 2025
Northway Porsche Limited
Unaudited accounts
Contents
Northway Porsche Limited
Company Information
for the year ended 31 March 2025
Company Number
04571829 (England and Wales)
Registered Office
Grange Place, Grange Lane
Beenham Industrial Estate
Bath Road, Reading
Berkshire
RG7 5PT
United Kingdom
Accountants
Greumach Limited
Bay View House
St Ives Road
Carbis Bay
Cornwall
TR26 2RT
Northway Porsche Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,812,900
1,789,811
Inventories
190,085
563,505
Cash at bank and in hand
1,742,479
1,523,257
Creditors: amounts falling due within one year
(42,095)
(253,359)
Net current assets
1,984,283
1,852,293
Net assets
3,797,183
3,642,104
Called up share capital
100
100
Profit and loss account
3,797,083
3,642,004
Shareholders' funds
3,797,183
3,642,104
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 director acknowledges his 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 and authorised for issue on 15 December 2025 and were signed on its behalf by
Ray Northway
Director
Company Registration No. 04571829
Northway Porsche Limited
Notes to the Accounts
for the year ended 31 March 2025
Northway Porsche Limited is a private company, limited by shares, registered in England and Wales, registration number 04571829. The registered office is Grange Place, Grange Lane, Beenham Industrial Estate, Bath Road, Reading, Berkshire, RG7 5PT, United Kingdom.
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.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Northway Porsche Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
1,772,706
23,658
55,200
2,521
1,854,085
Additions
24,080
3,980
-
-
28,060
At 31 March 2025
1,796,786
27,638
55,200
2,521
1,882,145
At 1 April 2024
-
17,655
44,251
2,368
64,274
Charge for the year
-
2,196
2,737
38
4,971
At 31 March 2025
-
19,851
46,988
2,406
69,245
At 31 March 2025
1,796,786
7,787
8,212
115
1,812,900
At 31 March 2024
1,772,706
6,003
10,949
153
1,789,811
Amounts falling due within one year
Trade debtors
(6,635)
15,509
Accrued income and prepayments
4,261
3,381
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,185
24,099
Trade creditors
50,409
82,810
Taxes and social security
183,033
84,291
Other creditors
36,290
18,794
Loans from directors
(285,980)
16,180
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Average number of employees
During the year the average number of employees was 7 (2024: 6).