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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 30 November 2017 |
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Pickering Motor Company Ltd |
REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 30 November 2017 |
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for |
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Pickering Motor Company Ltd |
Pickering Motor Company Ltd (Registered number: 08311380) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2017 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Pickering Motor Company Ltd |
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Company Information |
for the Year Ended 30 November 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Report of the Director |
for the Year Ended 30 November 2017 |
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The director presents his report with the financial statements of the company for the year ended 30 November 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of sales of used cars and |
mobility vehicles. |
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DIRECTOR |
report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Profit and Loss Account |
for the Year Ended 30 November 2017 |
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30.11.17 | 30.11.16 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
2 |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Balance Sheet |
30 November 2017 |
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30.11.17 | 30.11.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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ACCRUALS AND DEFERRED INCOME | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
Pickering Motor Company Ltd (Registered number: 08311380) |
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Balance Sheet - continued |
30 November 2017 |
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The financial statements were approved by the director on
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2017 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable |
overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight |
line basis over the period of the lease. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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30.11.17 | 30.11.16 |
£ | £ |
Formation costs | 13 | 13 |
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Director's remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
30.11.17 | 30.11.16 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit on ordinary activities |
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
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4. | DIVIDENDS |
30.11.17 | 30.11.16 |
£ | £ |
Ordinary A shares of 1.00 each |
Final | 22,500 | - |
Interim | - | 30,000 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 December 2016 |
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Additions |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade creditors | ( |
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Taxation and social security |
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Other creditors |
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7. | ACCRUALS AND DEFERRED INCOME |
30.11.17 | 30.11.16 |
£ | £ |
Accruals and deferred income | 89,000 | - |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.17 | 30.11.16 |
value: | £ | £ |
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Ordinary A | 1.00 |
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Pickering Motor Company Ltd (Registered number: 08311380) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 December 2016 |
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Profit for the year |
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Dividends | ( |
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At 30 November 2017 |
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