1 May 2025 false No description of principal activity Taxfiler 2024.6 15559623 business:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 15559623 2025-04-30 15559623 2025-05-01 2026-04-30 15559623 business:AuditExemptWithAccountantsReport 2025-05-01 2026-04-30 15559623 business:FilletedAccounts 2025-05-01 2026-04-30 15559623 2026-04-30 15559623 business:Director1 2025-05-01 2026-04-30 15559623 business:Director2 2025-05-01 2026-04-30 15559623 business:CompanySecretary1 2025-05-01 2026-04-30 15559623 business:RegisteredOffice 2025-05-01 2026-04-30 15559623 2025-04-30 15559623 core:WithinOneYear 2026-04-30 15559623 core:WithinOneYear 2025-04-30 15559623 core:ShareCapital core:PreviouslyStatedAmount 2026-04-30 15559623 core:ShareCapital core:PreviouslyStatedAmount 2025-04-30 15559623 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-04-30 15559623 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-30 15559623 core:PreviouslyStatedAmount 2026-04-30 15559623 core:PreviouslyStatedAmount 2025-04-30 15559623 business:SmallEntities 2025-05-01 2026-04-30 15559623 countries:EnglandWales 2025-05-01 2026-04-30 15559623 core:MotorVehicles 2025-05-01 2026-04-30 15559623 core:FurnitureFittings 2025-05-01 2026-04-30 15559623 core:ComputerEquipment 2025-05-01 2026-04-30 15559623 core:MotorVehicles 2025-04-30 15559623 core:FurnitureFittings 2025-04-30 15559623 core:ComputerEquipment 2025-04-30 15559623 core:MotorVehicles 2026-04-30 15559623 core:FurnitureFittings 2026-04-30 15559623 core:ComputerEquipment 2026-04-30 15559623 2024-03-13 2025-04-30 iso4217:GBP xbrli:pure
Company Registration No. 15559623 (England and Wales)
Pitstop Auto Factors Ltd Unaudited accounts for the year ended 30 April 2026
Pitstop Auto Factors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Pitstop Auto Factors Ltd Company Information for the year ended 30 April 2026
Directors
David Keith Way Maria Eileen Way
Secretary
Trevor Fuller
Company Number
15559623 (England and Wales)
Registered Office
Pit Stop 3 High Street Mildenhall Bury St. Edmunds Suffolk IP28 7EJ England
Accountants
CB25 Accounting Limited 9 Station Road Swaffham Bulbeck Cambridge Cambridgeshire CB25 0NB
- 3 -
Pitstop Auto Factors Ltd Statement of financial position as at 30 April 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
23,390
31,033
Current assets
Inventories
365,455
360,319
Debtors
5
140,095
167,566
Cash at bank and in hand
177,480
165,430
683,030
693,315
Creditors: amounts falling due within one year
6
(579,931)
(623,998)
Net current assets
103,099
69,317
Total assets less current liabilities
126,489
100,350
Provisions for liabilities
Deferred tax
(5,848)
(7,758)
Net assets
120,641
92,592
Capital and reserves
Called up share capital
100
100
Profit and loss account
120,541
92,492
Shareholders' funds
120,641
92,592
For the year ending 30 April 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by
David Keith Way Director Company Registration No. 15559623
- 4 -
Pitstop Auto Factors Ltd Notes to the Accounts for the year ended 30 April 2026
1
Statutory information
Pitstop Auto Factors Ltd is a private company, limited by shares, registered in England and Wales, registration number 15559623. The registered office is Pit Stop, 3 High Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7EJ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 May 2025
34,716
3,021
3,436
41,173
At 30 April 2026
34,716
3,021
3,436
41,173
Depreciation
At 1 May 2025
8,679
604
857
10,140
Charge for the year
6,510
486
647
7,643
At 30 April 2026
15,189
1,090
1,504
17,783
Net book value
At 30 April 2026
19,527
1,931
1,932
23,390
At 30 April 2025
26,037
2,417
2,579
31,033
- 5 -
Pitstop Auto Factors Ltd Notes to the Accounts for the year ended 30 April 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
135,970
147,371
Accrued income and prepayments
4,125
20,195
140,095
167,566
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
83,617
86,268
Trade creditors
294,139
277,664
Taxes and social security
71,685
85,510
Loans from directors
129,640
173,756
Accruals
850
800
579,931
623,998
7
Average number of employees
During the year the average number of employees was 12 (2025: 12).
- 6 -