P.S.V. Transport Systems Limited - Limited company accounts 23.2

REGISTERED NUMBER: 02898742 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements

For The Year Ended 30 April 2023

for

P.S.V. Transport Systems Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

Mr J C King

Mr M King

Mr T King

REGISTERED OFFICE:

Unit 21 Impresa Park

Pindar Road

Hoddesdon

Hertfordshire

EN11 0DL

REGISTERED NUMBER:

02898742 (England and Wales)

AUDITORS:

Giess Wallis Crisp LLP

Registered Auditor

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

The directors present their strategic report for the year ended 30 April 2023.

REVIEW OF BUSINESS

Firstly we would like to thank our customers for their continued loyalty and our workforce for all their efforts in the past year which has seen the business continue to flourish and strengthen. The Company has continued diversification into other markets which has enabled us to maintain a wide portfolio of clients and a reduced long-term risk. We operate in an extremely competitive environment and through the efforts of all our staff have managed to continue to improve efficiencies in all aspects of our business. This has enabled us to remain competitive and retain or grow business whenever challenged through processes such as tendering or benchmarking. Our emphasis has been on forming long term relationships with our customer base and that trust between us is beneficial to both parties. The above factors, complimented by effective financial controls, detailed reporting, and a strong adherence to conformity has resulted in us ending this financial year in a strong position.

PRINCIPAL RISKS AND UNCERTAINTIES

The business is keen to maximise sales and profitability while taking a sensible approach to risk. We aim to be diverse in respect of our revenue streams and in addition to ensuring that no one customer represents an unbalanced percentage of our annual turnover, we have expanded and diversified our product ranges in order to offer a wider portfolio of goods and services and have also entered other markets and sectors that dovetail into our existing skills and ability. We are careful to adhere to all legislation in respect of products and have vigorous quality control processes. The business has robust health and safety procedures and carries out regular internal audits to ensure compliance. We also have liability insurance at levels that exceed the minimum required by law. We are also members of the Confederation of Passenger Transport which allows us to share information and expertise.

KEY PERFORMANCE INDICATORS

KPI's applicable to the company are as follows:

Gross profit 38.96% (2022: 40.14%)

Gross profit has decreased slightly.

Debtor days 59 days (2022: 52 days)

Credit control is regularly carried out to try to prevent debtor problems, which is highlighted by the small number of customers which have bad debts in the year.

Creditor days 37 days (2022: 35 days)

Creditor days have increased slightly this year. The company tries to pay its creditors twice a month and without having to go into overdraft.

EMPLOYMENT

PSV Transport Systems Ltd is an equal opportunities employer.

ON BEHALF OF THE BOARD:

Mr J C King - Director

19 December 2023

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture and supply of vehicle components and ancillary parts.

DIVIDENDS

The total distribution of interim dividends during the year ended 30th April 2023 was £1,584,923 (2022: £4,036,388)

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

Mr J C King

Mr M King

Mr T King

POLITICAL DONATIONS AND EXPENDITURE

All of the donations made in the year were charitable and not political.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Giess Wallis Crisp LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr J C King - Director

19 December 2023

Opinion

We have audited the financial statements of P.S.V. Transport Systems Limited (the 'company') for the year ended 30 April 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 2023 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the the company and the industry in which they operate, we identified the significant laws and regulations in relation to this company as being: financial reporting legislation (including Companies Act 2006), taxation legislation (including corporation tax act 2010) and Coronavirus Act 2020, and we considered the extent to which non-compliance might have a material effect on the financial statements. These laws and regulations could have a direct impact on the financial statements. As part of the planning process we evaluated the management's incentives and opportunities for fraudulent manipulation of the financial statements and concluded that the principal risk is related to the possible override of controls by management. The results of the above assessment were communicated to the engagement team during the engagement team briefing prior to the commencement of the audit field work.

Audit procedures performed in response to the potential risks relating to irregularities , fraud and non-compliance with laws and regulations comprised of:

- Enquiries of management and those charged with governance.

- Evaluation and testing of the effectiveness of internal controls via a combination of walkthrough testing and detailed controls testing.

- Testing the appropriateness of entries in the nominal ledger, including journal entries.

- Review and testing of transactions either side of the end of the reporting period.

- Analytical review of the financial statements at both planning and completion stage to identify any anomalies or unexpected movements in account balances which may be indicative of fraud.

- Inspection and examination of legal invoices and correspondence.

The results of the above audit procedures were that no instances of non-compliance with laws and regulations were identified and no instances of material fraud were identified.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. There is therefore an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISA's (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Laurence Miles FCA (Senior Statutory Auditor)

for and on behalf of Giess Wallis Crisp LLP

Registered Auditor

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

19 December 2023

TURNOVER

4

22,728,607

19,551,715

Cost of sales

13,873,880

11,704,450

GROSS PROFIT

8,854,727

7,847,265

Administrative expenses

5,555,087

4,839,574

3,299,640

3,007,691

Other operating income

144,000

144,000

OPERATING PROFIT

6

3,443,640

3,151,691

Income from shares in group undertakings

170,056

200,000

Interest receivable and similar income

10,253

161

180,309

200,161

3,623,949

3,351,852

Interest payable and similar expenses

8

1,296

-

PROFIT BEFORE TAXATION

3,622,653

3,351,852

Tax on profit

9

684,413

601,001

PROFIT FOR THE FINANCIAL YEAR

2,938,240

2,750,851

PROFIT FOR THE YEAR

2,938,240

2,750,851

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,938,240

2,750,851

FIXED ASSETS

Intangible assets

11

790

541

Tangible assets

12

308,249

182,603

Investments

13

40,053

40,053

349,092

223,197

CURRENT ASSETS

Stocks

14

3,361,054

3,043,933

Debtors

15

4,157,855

3,026,979

Cash at bank and in hand

3,507,465

3,122,055

11,026,374

9,192,967

CREDITORS

Amounts falling due within one year

16

2,703,510

2,139,696

NET CURRENT ASSETS

8,322,864

7,053,271

TOTAL ASSETS LESS CURRENT LIABILITIES

8,671,956

7,276,468

PROVISIONS FOR LIABILITIES

18

71,602

29,431

NET ASSETS

8,600,354

7,247,037

CAPITAL AND RESERVES

Called up share capital

19

100

100

Capital redemption reserve

20

150

150

Retained earnings

20

8,600,104

7,246,787

SHAREHOLDERS' FUNDS

24

8,600,354

7,247,037

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:

Mr J C King - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 May 2021

100

8,532,324

150

8,532,574

Changes in equity

Dividends

-

(4,036,388

)

-

(4,036,388

)

Total comprehensive income

-

2,750,851

-

2,750,851

Balance at 30 April 2022

100

7,246,787

150

7,247,037

Changes in equity

Dividends

-

(1,584,923

)

-

(1,584,923

)

Total comprehensive income

-

2,938,240

-

2,938,240

Balance at 30 April 2023

100

8,600,104

150

8,600,354

1.	STATUTORY INFORMATION

P.S.V. Transport Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Intellectual property rights

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property Rights which were purchased in 2010, were amortised over their useful economic life of 10 years.

All other intangible assets are also amortised over their useful economic life of 10 years.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is computed on a first in first out basis.

Financial instruments

The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Management of liquid resources

Liquid resources are defined as being all current assets readily convertible into cash or cash equivalents

Consolidation

The company has taken advantage of the reduced disclosure provisions of FRS8.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover and profits between geographical markets has not been given because, in the opinion of the directors, this disclosure would be seriously prejudicial to the company.

5.	EMPLOYEES AND DIRECTORS

2023

2022

£

£

Wages and salaries

3,718,719

3,203,459

Social security costs

389,368

345,867

Other pension costs

154,105

170,113

4,262,192

3,719,439

The average number of employees during the year was as follows:

2023

2022

Management

3

1

Administration

6

6

Production

67

60

76

67

2023

2022

£

£

Directors' remuneration

841,882

678,807

Directors' pension contributions to money purchase schemes

34,200

44,725

Information regarding the highest paid director is as follows:

2023

2022

£

£

Emoluments etc

298,177

273,990

Pension contributions to money purchase schemes

14,850

11,363

6.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023

2022

£

£

Depreciation - owned assets

60,764

48,947

Profit on disposal of fixed assets

(968

)

(1,874

)

Patents and licences amortisation

94

60

Foreign exchange differences

20,704

-

Operating lease expenses

244,390

244,780

7.	AUDITORS' REMUNERATION

Fees payable to the Company's auditors and its associates for the audit of the Company's annual financial statements were £43,500 (2022: £40,000). Of these amounts, £5,500 (2022: £5,000) relate to the Parent Company's audit.

Fees payable to the Company's auditors and its associates in respect of other non-audit services were £15,626 (2022: £21,163)

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

2023

2022

£

£

Interest on late tax

1,296

-

9.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2023

2022

£

£

Current tax:

UK corporation tax

640,996

586,272

Deferred tax

43,417

14,729

Tax on profit

684,413

601,001

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023

2022

£

£

Profit before tax

3,622,653

3,351,852

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2022 - 19%)

688,304

636,852

Effects of:

Expenses not deductible for tax purposes

5,490

7,880

Income not taxable for tax purposes

(32,311

)

(38,000

)

Capital allowances in excess of depreciation

(32,748

)

(20,460

)

enhanced deduction

Previous year

Timing difference of tax rate change

16,216

-

Patent box deduction

(3,955

)

-

Deferred tax movement

43,417

14,729

Total tax charge

684,413

601,001

The change in tax rate has occurred because of the increase of corporation tax from 19% to 25%, from the 1st April 2023.

10.

DIVIDENDS

2023

2022

£

£

Ordinary shares of £1 each

Interim

1,584,923

4,036,388

11.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 May 2022

190,162

Additions

343

At 30 April 2023

190,505

AMORTISATION

At 1 May 2022

189,621

Amortisation for year

94

At 30 April 2023

189,715

NET BOOK VALUE

At 30 April 2023

790

At 30 April 2022

541

12.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2022

131,038

834,466

300,860

1,266,364

Additions

57,603

5,660

126,660

189,923

Disposals

-

-

(55,316

)

(55,316

)

At 30 April 2023

188,641

840,126

372,204

1,400,971

DEPRECIATION

At 1 May 2022

116,721

794,210

172,830

1,083,761

Charge for year

6,681

11,138

42,945

60,764

Eliminated on disposal

-

-

(51,803

)

(51,803

)

At 30 April 2023

123,402

805,348

163,972

1,092,722

NET BOOK VALUE

At 30 April 2023

65,239

34,778

208,232

308,249

At 30 April 2022

14,317

40,256

128,030

182,603

13.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2022

and 30 April 2023

40,053

NET BOOK VALUE

At 30 April 2023

40,053

At 30 April 2022

40,053

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

J Lewis (Auto Electrical) Limited

Registered office: Unit 21 Impressa Park, Pindar, Road, Hoddesdon, Hertfordshire, EN11 0DL

Nature of business: repair of motor vehicles

%

Class of shares:

holding

Ordinary

100.00

2023

2022

£

£

Aggregate capital and reserves

629,159

658,055

Profit for the year

141,160

204,037

J Lewis (Auto Electrical) Limited, alongside PSV Transport Systems Limited, are included within the consolidated accounts of PSV Holdings Limited.