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REGISTERED NUMBER: 04157555 (England and Wales)












JOHN PEAT MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHN PEAT MOTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G J Couzens
G Stacey





REGISTERED OFFICE: East Road Garage
East Road
Sleaford
Lincolnshire
NG34 7EH





REGISTERED NUMBER: 04157555 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 125,971 128,692
125,971 128,692

CURRENT ASSETS
Inventories 878,682 853,427
Debtors 6 1,758,073 1,866,845
Cash in hand 100 117
2,636,855 2,720,389
CREDITORS
Amounts falling due within one year 7 824,214 776,371
NET CURRENT ASSETS 1,812,641 1,944,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,938,612

2,072,710

CREDITORS
Amounts falling due after more than one year 8 (10,000 ) (212,095 )

PROVISIONS FOR LIABILITIES (5,044 ) (5,803 )
NET ASSETS 1,923,568 1,854,812

CAPITAL AND RESERVES
Called up share capital 1,112 1,112
Retained earnings 1,922,456 1,853,700
SHAREHOLDERS' FUNDS 1,923,568 1,854,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:




G J Couzens - Director



G Stacey - Director


JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

John Peat Motors 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 1% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Inventory
Inventories 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 169,000
AMORTISATION
At 1 April 2024
and 31 March 2025 169,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2024 111,620 69,237 24,982
Additions - 1,783 -
At 31 March 2025 111,620 71,020 24,982
DEPRECIATION
At 1 April 2024 6,138 55,573 22,729
Charge for year 1,116 2,179 338
At 31 March 2025 7,254 57,752 23,067
NET BOOK VALUE
At 31 March 2025 104,366 13,268 1,915
At 31 March 2024 105,482 13,664 2,253

JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 6,458 35,396 247,693
Additions - 407 2,190
At 31 March 2025 6,458 35,803 249,883
DEPRECIATION
At 1 April 2024 4,835 29,726 119,001
Charge for year 406 872 4,911
At 31 March 2025 5,241 30,598 123,912
NET BOOK VALUE
At 31 March 2025 1,217 5,205 125,971
At 31 March 2024 1,623 5,670 128,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 82,586 231,533
Amounts owed by group undertakings 1,552,731 1,512,597
Other debtors 122,756 122,715
1,758,073 1,866,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 624,841 510,919
Trade creditors 114,392 88,047
Taxation and social security 71,597 128,884
Other creditors 13,384 48,521
824,214 776,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 10,000 212,095

JOHN PEAT MOTORS LIMITED (REGISTERED NUMBER: 04157555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 154,356 132,479
Bank loans 480,485 590,535
634,841 723,014

Bank borrowings are secured on fixed and floating assets, and all book debts of the company.