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PHIL DENNIS MOTOR SERVICES LIMITED - Company Information

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Draft

Phil Dennis Motor Services Ltd

Registered Number:04669874

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

Draft

Registered Number :

04669874

As at 31 March 2022

Phil Dennis Motor Services Ltd

Statement of Financial Position

2021

2022

Notes

Fixed assets

Intangible assets

1,625

3,125

Property, plant and equipment

19,920

21,057

21,545

24,182

Current assets

Inventories

1,000

Trade and other receivables

3,953

5,736

33,033

Cash and cash equivalents

14,089

20,825

37,986

Trade and other payables: amounts falling due within one

year

(25,731)

(25,220)

12,255

(4,395)

Net current liabilities

Total assets less current liabilities

17,150

36,437

Trade and other payables: amounts falling due after more

than one year

(20,589)

(13,616)

3,534

Net assets

15,848

Capital and reserves

Called up share capital

Retained earnings

3,532

15,846

3,534

15,848

Shareholders' funds

For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr Philip David Dennis Director

These financial statements were approved and authorised for issue by the Board on 24 November 2022 and were signed by:

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Draft

Registered Number :

04669874

For the year ended 31 March 2022

Phil Dennis Motor Services Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2022

Phil Dennis Motor Services Ltd

Notes to the Financial Statements

Statutory Information

Phil Dennis Motor Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04669874.

Registered address:

9 Littlecote Road

Chippenham

Wiltshire

SN14 0NY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Straight line

Computer equipment

20% Reducing balance

Motor vehicles

10% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2022

Phil Dennis Motor Services Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2021

30,000

At 31 March 2022

30,000

Amortisation

At 01 April 2021

26,875

1,500

Charge for year

At 31 March 2022

28,375

Net book value

At 31 March 2022

1,625

At 31 March 2021

3,125

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Cost or

valuation

At 01 April 2021

83,520

6,854

11,335

65,331

3,500

Additions

At 31 March 2022

68,831

11,335

6,854

87,020

Provision for depreciation and impairment

At 01 April 2021

62,463

4,156

8,591

49,716

Charge for year

4,637

539

275

3,823

At 31 March 2022

67,100

4,695

8,866

53,539

At 31 March 2022

Net book value

15,292

2,469

2,159

19,920

At 31 March 2021

15,615

2,744

2,698

21,057

4. Inventories

2021

2022

Stocks

1,000

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For the year ended 31 March 2022

Phil Dennis Motor Services Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2021

2022

Trade debtors

5,736

1,953

Other debtors

2,000

3,953

5,736

6. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft

4,000

Trade creditors

7,070

5,661

Taxation and social security

9,498

11,466

Other creditors

4,652

4,604

25,220

25,731

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

12,667

16,000

Other creditors

949

4,589

13,616

20,589

8. Average number of persons employed

During the year the average number of employees was 2 (2021 : 2)

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