REGISTERED NUMBER: 04114554 (England and Wales)

PENDRAGON WALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P R Saunders

Mrs A J Saunders

REGISTERED OFFICE:

1st Floor Tudor House

16 Cathedral Road

Cardiff

Cardiff

CF11 9LJ

REGISTERED NUMBER:

04114554 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

2

2

Tangible assets

5

13

13

15

15

CURRENT ASSETS

Stocks

6

61,791

136,374

Debtors

7

84,776

100,456

Cash at bank

1,009,533

937,896

1,156,100

1,174,726

CREDITORS

Amounts falling due within one year

8

207,475

214,247

NET CURRENT ASSETS

948,625

960,479

TOTAL ASSETS LESS CURRENT LIABILITIES

948,640

960,494

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

948,540

960,394

SHAREHOLDERS' FUNDS

948,640

960,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th January 2026 and were signed on its behalf by:

Mr P R Saunders - Director

1.	STATUTORY INFORMATION

Pendragon Wales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% straight line on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

85,000

AMORTISATION

At 1st May 2024

and 30th April 2025

84,998

NET BOOK VALUE

At 30th April 2025

2

At 30th April 2024

2

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2024

and 30th April 2025

23,191

16,377

20,262

59,830

DEPRECIATION

At 1st May 2024

and 30th April 2025

23,180

16,376

20,261

59,817

NET BOOK VALUE

At 30th April 2025

11

1

1

13

At 30th April 2024

11

1

1

13

6.

STOCKS

2025

2024

£

£

Stocks

26,272

42,355

Payments on account

35,519

94,019

61,791

136,374

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,947

44,288

Other debtors

53,829

56,168

84,776

100,456

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,715

1,150

Taxation and social security

67,115

38,963

Other creditors

136,645

174,134

207,475

214,247

Included in creditors amounts falling due within one year is £132,745 (2024 £170,254) due to the directors which is interest free, unsecured and with no specific terms for repayment.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100