PBW Motor Company Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04587530 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

PBW Motor Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P B Woolley

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

04587530 (England and Wales)

ACCOUNTANTS:

Haines Watts

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Tangible assets

4

262

328

CURRENT ASSETS

Stocks

19,500

23,000

Debtors

5

900

-

Cash at bank

12,774

13,869

33,174

36,869

CREDITORS

Amounts falling due within one year

6

6,935

7,595

NET CURRENT ASSETS

26,239

29,274

TOTAL ASSETS LESS CURRENT LIABILITIES

26,501

29,602

CREDITORS

Amounts falling due after more than one year

7

3,936

5,878

NET ASSETS

22,565

23,724

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,465

23,624

SHAREHOLDERS' FUNDS

22,565

23,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:

P B Woolley - Director

1.	STATUTORY INFORMATION

PBW Motor Company Limited 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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 etc

-

20% 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

1,000

DEPRECIATION

At 1 July 2022

672

Charge for year

66

At 30 June 2023

738

NET BOOK VALUE

At 30 June 2023

262

At 30 June 2022

328

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other debtors

900

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

2,000

2,000

Taxation and social security

4,904

5,578

Other creditors

31

17

6,935

7,595

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans

3,936

5,878