REGISTERED NUMBER: 08308097 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Park Lane Auto Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M O Williams

REGISTERED OFFICE:

400 Park Lane

Preesall

Poulton Le Fylde

Lancashire

FY6 0LU

REGISTERED NUMBER:

08308097 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Tangible assets

4

1,845

1,035

CURRENT ASSETS

Stocks

49,923

30,134

Debtors

5

1,782

4,741

Cash at bank

6,647

1,436

58,352

36,311

CREDITORS

Amounts falling due within one year

6

51,470

26,638

NET CURRENT ASSETS

6,882

9,673

TOTAL ASSETS LESS CURRENT LIABILITIES

8,727

10,708

CREDITORS

Amounts falling due after more than one year

7

21,590

27,760

NET LIABILITIES

(12,863

)

(17,052

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(13,863

)

(18,052

)

(12,863

)

(17,052

)

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Mr M O Williams - Director

1.	STATUTORY INFORMATION

Park Lane Auto Sales Ltd 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 December 2024

2,092

2,186

4,278

Additions

1,425

-

1,425

At 30 November 2025

3,517

2,186

5,703

DEPRECIATION

At 1 December 2024

1,679

1,564

3,243

Charge for year

459

156

615

At 30 November 2025

2,138

1,720

3,858

NET BOOK VALUE

At 30 November 2025

1,379

466

1,845

At 30 November 2024

413

622

1,035

5.

DEBTORS

30.11.25

30.11.24

£

£

Amounts falling due within one year:

Other debtors

-

401

Tax

747

1,763

Prepayments

1,035

673

1,782

2,837

Amounts falling due after more than one year:

Tax

-

1,904

Aggregate amounts

1,782

4,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

6,185

6,186

Trade creditors

3,299

4,144

Tax

-

2

Social security and other taxes

241

1,328

Directors' loan accounts

37,162

9,036

Accrued expenses

4,583

5,942

51,470

26,638

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

6,185

6,186

Bank loans - 2-5 years

15,405

18,557

Bank loans more 5 yr by instal

-

3,017

21,590

27,760

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,017

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mrs B J Vaughan

Balance outstanding at start of year

(9,036

)

2,301

Amounts advanced

-

57,174

Amounts repaid

-

(68,511

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(9,036

)

9.	GOING CONCERN

The Company's balance sheet shows an excess of liabilities over assets of £12,863 (2024 £17,052).The Company is dependent on the continued support of its director to meet its day to day working capital requirements. On this basis the financial statements do not include any adjustment that would result from the withdrawal of that support.

10.	LEASE COMMITMENTS

The property is leased at £1,400 per calender month, however, there is no formal agreement in place between the parties and therefore no accounting adjustments have been made under IFRS 16.