PDQ Motaquip Limited - Accounts

PDQ Motaquip Limited - Accounts

PDQ MOTAQUIP LIMITED - Company Information

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Registered Number: 05339967
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2023

for

PDQ MOTAQUIP LIMITED

PDQ Motaquip Limited
Contents Page
For the year ended 30 June 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PDQ Motaquip Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PDQ Motaquip Limited for the year ended 30 June 2023 which comprise of the Income Statement, the Statement of Financial Position, and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of PDQ Motaquip Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PDQ Motaquip Limited and state those matters that we have agreed to state to the Board of Directors of PDQ Motaquip Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PDQ Motaquip Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PDQ Motaquip Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PDQ Motaquip Limited . You consider that PDQ Motaquip Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PDQ Motaquip Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 June 2023



....................................................
Pointon Young
Chartered Accountants
17 Greenhill Street
Stratford upon Avon
Warwickshire
CV37 6LF
26 October 2023
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 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 8,590    8,445 
8,590    8,445 
Current assets      
Stocks 9,456    9,836 
Debtors 3,522    6,822 
Cash at bank and in hand 34,005    30,575 
46,983    47,233 
Creditors: amount falling due within one year (12,719)   (18,858)
Net current assets 34,264    28,375 
 
Total assets less current liabilities 42,854    36,820 
Provisions for liabilities (1,626)   (1,597)
Net assets 41,228    35,223 
 

Capital and reserves 		     
Called up share capital 25,000    25,000 
Profit and loss account 16,228    10,223 
Shareholder's funds 41,228    35,223 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 October 2023 and were signed by:


-------------------------------
R Timms
Director
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General Information
PDQ Motaquip Limited is a private company, limited by shares, registered in England and Wales, registration number 05339967, registration address Garage Bungalow, Binton Road, Stratford Upon Avon, Warwickshire, CV37 8PT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 July 2022 2,025    10,228    12,253 
Additions -    1,624    1,624 
Disposals -    -    - 
At 30 June 2023 2,025    11,852    13,877 
Depreciation
At 01 July 2022 390    3,418    3,808 
Charge for year 245    1,234    1,479 
On disposals -    -    - 
At 30 June 2023 635    4,652    5,287 
Net book values
Closing balance as at 30 June 2023 1,390    7,200    8,590 
Opening balance as at 01 July 2022 1,635    6,810    8,445 


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