Company Registration No. 04294545 (England and Wales)
Pinewood Motors Gateshead Ltd
Unaudited accounts
for the period from 30 April 2021 to 30 April 2022
Pinewood Motors Gateshead Ltd
Unaudited accounts
Contents
Pinewood Motors Gateshead Ltd
Company Information
for the period from 30 April 2021 to 30 April 2022
Directors
Mr E Robinson
Mrs J Robinson
Company Number
04294545 (England and Wales)
Registered Office
Wrekenton Row
Wrekenton
Gateshead
NE9 7JE
Accountants
Accountants For The Trade (Durham) Ltd
Suite 7, Victoria House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
Pinewood Motors Gateshead Ltd
Statement of financial position
as at
30 April 2022
Tangible assets
353,340
418,881
Cash at bank and in hand
49,722
142,044
Creditors: amounts falling due within one year
(127,899)
(160,639)
Net current assets
87,581
34,301
Total assets less current liabilities
440,921
453,182
Creditors: amounts falling due after more than one year
(139,176)
(146,025)
Provisions for liabilities
Deferred tax
(58,236)
(79,587)
Net assets
243,509
227,570
Called up share capital
3
3
Profit and loss account
243,506
227,567
Shareholders' funds
243,509
227,570
For the period ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2023 and were signed on its behalf by
Mr E Robinson
Director
Company Registration No. 04294545
Pinewood Motors Gateshead Ltd
Notes to the Accounts
for the period from 30 April 2021 to 30 April 2022
Pinewood Motors Gateshead Ltd is a private company, limited by shares, registered in England and Wales, registration number 04294545. The registered office is Wrekenton Row , Wrekenton , Gateshead, NE9 7JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 30 April 2021
-
476,537
7,951
484,488
Additions
31,557
72,906
-
104,463
Disposals
-
(120,766)
-
(120,766)
At 30 April 2022
31,557
428,677
7,951
468,185
At 30 April 2021
-
59,234
6,373
65,607
Charge for the period
-
84,669
631
85,300
On disposals
-
(36,062)
-
(36,062)
At 30 April 2022
-
107,841
7,004
114,845
At 30 April 2022
31,557
320,836
947
353,340
At 29 April 2021
-
417,303
1,578
418,881
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
320,836
417,303
Pinewood Motors Gateshead Ltd
Notes to the Accounts
for the period from 30 April 2021 to 30 April 2022
Amounts falling due within one year
Trade debtors
162,758
49,056
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
68,605
48,209
Trade creditors
29,665
46,735
Taxes and social security
27,369
(3,244)
Other creditors
355
68,939
Loans from directors
(2,012)
-
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
139,176
146,025
8
Average number of employees
During the period the average number of employees was 11 (2021: 10).