Price Motors Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 06590589

Price Motors Ltd

Filleted Unaudited Financial Statements

31 May 2021

Price Motors Ltd

Statement of Financial Position

31 May 2021

	2021		2020
	£	£	£	£
Fixed assets		10		10
		----		----

Current assets	17,942		17,355
Prepayments and accrued income	517		927
	---------		---------
		18,459		18,282

Creditors: amounts falling due within one year	19,077	19,556
	---------	---------
Net Current Liabilities	618	1,274
	----	-------
Total Assets Less Current Liabilities	( 608)	( 1,264)

Accruals and deferred income	1,134	480
	-------	-------
	(1,742)	(1,744)
	-------	-------

Capital and reserves	( 1,742)	( 1,744)
	-------	-------

Notes to the Financial Statements

1. Employee Numbers

The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).

2. Director's Advances, Credits and Guarantees

During the year the director entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S R Price	( 18,247)	( 391)	–	( 18,638)
	---------	----	----	---------

	2020
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S R Price	( 21,263)	–	3,016	( 18,247)
	---------	----	-------	---------

The non-interest bearing loan is repayable on demand.

3. Going Concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the director.

For the year ending 31st May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 3 March 2022 , and are signed on behalf of the board by:

Mr S R Price
Director

Company registration number: 06590589

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House North, Shrewsbury Business Park, Shrewsbury, SY2 6LG.