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REGISTERED NUMBER: 08777828 (England and Wales)















Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 October 2024

for

Green 4 Motor Group Limited

Green 4 Motor Group Limited (Registered number: 08777828)






Contents of the Consolidated Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Statement of Income and Retained Earnings 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Cash Flow Statement 12

Notes to the Consolidated Cash Flow Statement 13

Notes to the Consolidated Financial Statements 14


Green 4 Motor Group Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr T Leggett
Mr A P Dodds
Mr D Everitt
Mrs A C France





SECRETARIES: Mrs A C France
Mrs J V Leggett





REGISTERED OFFICE: 540 London Road
Coventry
CV3 4EW





REGISTERED NUMBER: 08777828 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Green 4 Motor Group Limited (Registered number: 08777828)

Group Strategic Report
for the Year Ended 31 October 2024

The directors present their strategic report of the company and the group for the year ended 31 October 2024.

REVIEW OF BUSINESS
The group turnover decreased in the year to £47.1 million from £48.7 million, a decrease of 3.3% (2023: increase of 17%).

The operating profit of the group decreased in the year to £869k compared to £1.04 million in the previous year.

The directors are satisfied with the results for the year and look forward to an increase in profitability in the future.

Cash projections are prepared frequently and reviewed by management to ensure that adequate financial resources exist for the company. The board has continued to maintain adequate funding capital within the company and no changes in facilities are envisaged in the foreseeable future.

The financial results in 2024 were in line with the boards expectations and the company continues to be well placed to maintain its position in difficult trading conditions.

PRINCIPAL RISKS AND UNCERTAINTIES
The trading performance of the company to the year ended 31 October 2024 is in line with directors' expectations.

The general uncertainty of the worldwide economy including the effect of equity markets and inflation pressure is considered to be of greater risk to the business going forward. The directors and their management team are keeping all margins and costs under review.

Due to its strong cash position, the directors feel the company is well placed to weather the economic effects of the current trading climate.

FINANCIAL KEY PERFORMANCE INDICATORS
The directors use turnover and operating profits as key performance indicators for the business.

ON BEHALF OF THE BOARD:





Mr T Leggett - Director


18 July 2025

Green 4 Motor Group Limited (Registered number: 08777828)

Report of the Directors
for the Year Ended 31 October 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the sale of motor vehicles.

DIVIDENDS
The total distribution of dividends for the year ended 31 October 2024 was £359,997 (2023: £552,653).

RESEARCH AND DEVELOPMENT
The company is not currently undertaking any research and development activities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

Mr T Leggett
Mr A P Dodds
Mr D Everitt
Mrs A C France

FINANCIAL INSTRUMENTS
Treasury operations
The company operates a centralised treasury function which is responsible for managing the liquidity and interest rate risks associated with the company's activities. The company's principal instruments are a bank loan and bank and cash balances. In addition the company has various other financial assets and liabilities such as trade debtors, trade creditors and consignment stock creditors arising directly from the operations of the business.

Liquidity risk
The company manages its cash requirements centrally to maximise interest income and minimise interest expense, whilst ensuring the the company has sufficient liquid resources to meet the operating needs of its business.

Interest rate risk
The company is exposed to fair value interest rate risk on its bank loan facility only. The company does not have a bank overdraft facility.

Foreign currency risk
The company does not have any foreign currency risk as all sales and purchases are made within the UK.

Credit risk
Investments of cash surpluses are made with the company's main bankers. Receivable balances are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

DISCLOSURE IN THE STRATEGIC REPORT
The directors have chosen to disclose the Review of the Business and Principal Risks and Uncertainties of the business within the the company's Strategic Report.


Green 4 Motor Group Limited (Registered number: 08777828)

Report of the Directors
for the Year Ended 31 October 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr T Leggett - Director


18 July 2025

Report of the Independent Auditors to the Members of
Green 4 Motor Group Limited

Opinion
We have audited the financial statements of Green 4 Motor Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2024 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 October 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Green 4 Motor Group Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Green 4 Motor Group Limited


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:

Identifying and assessing potential risks related to irregularities
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following;
- The nature of the industry and sector, control environment and business performance
- The company's own assessment of the risks that irregularities may occur either as a result of fraud or error that was approved by the board
- Any matters identified having reviewed the company's procedures
- Matters discussed among our audit engagement team and other members of Underwood Green regarding how fraud might occur in the financial statements.

As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud. We are also required to perform specific procedures to respond to the risks of management override.
We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered included UK companies Act and tax legislation.

We also considered adherence to anti bribery laws, data protection employment law and health and safety regulations.

Audit response to risks identified
As a result of performing the above, we identified the disclosure of adjusting items in the financial statements.

In addition to the above, our procedures to respond to risks identified included;
- Reviewing the financial statement disclosures
- Enquiring of management concerning actual and potential litigation and claims
- Performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misstatement due to fraud
- In addressing the risk of fraud through management override of controls, testing the appropriateness of journals and assessing whether judgements made in making accounting estimates are indicative of potential bias.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

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.

Report of the Independent Auditors to the Members of
Green 4 Motor Group Limited


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.




Gary Underwood (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

18 July 2025

Green 4 Motor Group Limited (Registered number: 08777828)

Consolidated
Statement of Income and
Retained Earnings
for the Year Ended 31 October 2024

2024 2023
Notes £    £   

TURNOVER 4 47,112,308 48,716,726

Cost of sales 44,795,196 46,289,220
GROSS PROFIT 2,317,112 2,427,506

Administrative expenses 1,447,632 1,380,609
OPERATING PROFIT 7 869,480 1,046,897

Interest receivable and similar income 9,985 15,837
879,465 1,062,734

Interest payable and similar expenses 8 469,380 343,306
PROFIT BEFORE TAXATION 410,085 719,428

Tax on profit 9 99,007 156,238
PROFIT FOR THE FINANCIAL YEAR 311,078 563,190

Retained earnings at beginning of year 1,385,300 1,374,763

Dividends 11 (359,997 ) (552,653 )

RETAINED EARNINGS FOR THE
GROUP AT END OF YEAR

1,336,381

1,385,300

Profit attributable to:
Owners of the parent 311,078 563,190

Green 4 Motor Group Limited (Registered number: 08777828)

Consolidated Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 (126,314 ) (138,946 )
Tangible assets 13 1,546,728 289,517
Investments 14 - -
1,420,414 150,571

CURRENT ASSETS
Stocks 15 7,246,496 8,582,762
Debtors 16 1,599,219 1,954,544
Cash at bank and in hand 690,473 1,156,966
9,536,188 11,694,272
CREDITORS
Amounts falling due within one year 17 8,773,339 10,147,901
NET CURRENT ASSETS 762,849 1,546,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,183,263

1,696,942

CREDITORS
Amounts falling due after more than one
year

18

(653,369

)

(102,083

)

PROVISIONS FOR LIABILITIES 22 (44,113 ) (60,159 )
NET ASSETS 1,485,781 1,534,700

CAPITAL AND RESERVES
Called up share capital 23 124,600 124,600
Capital redemption reserve 24 24,800 24,800
Retained earnings 24 1,336,381 1,385,300
SHAREHOLDERS' FUNDS 1,485,781 1,534,700

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





Mr T Leggett - Director


Green 4 Motor Group Limited (Registered number: 08777828)

Company Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 - -
Tangible assets 13 - -
Investments 14 250,100 250,100
250,100 250,100

CURRENT ASSETS
Debtors 16 531,878 665,200
Cash at bank 107,515 445,259
639,393 1,110,459
CREDITORS
Amounts falling due within one year 17 740,093 1,211,159
NET CURRENT LIABILITIES (100,700 ) (100,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,400

149,400

CAPITAL AND RESERVES
Called up share capital 23 124,600 124,600
Capital redemption reserve 24 24,800 24,800
SHAREHOLDERS' FUNDS 149,400 149,400

Company's profit for the financial year 359,997 552,653

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





Mr T Leggett - Director


Green 4 Motor Group Limited (Registered number: 08777828)

Consolidated Cash Flow Statement
for the Year Ended 31 October 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,221,356 689,900
Interest paid (469,380 ) (343,306 )
Tax paid (242,195 ) (287,424 )
Net cash from operating activities 509,781 59,170

Cash flows from investing activities
Purchase of tangible fixed assets (1,341,002 ) (193,207 )
Sale of tangible fixed assets - 261,720
Interest received 9,985 15,837
Net cash from investing activities (1,331,017 ) 84,350

Cash flows from financing activities
New loans in year 752,500 -
Loan repayments in year (161,396 ) (106,251 )
Amount introduced by directors 248 897,652
Amount withdrawn by directors 123,388 (1,075,270 )
Equity dividends paid (359,997 ) (552,653 )
Net cash from financing activities 354,743 (836,522 )

Decrease in cash and cash equivalents (466,493 ) (693,002 )
Cash and cash equivalents at beginning of
year

2

1,156,966

1,849,968

Cash and cash equivalents at end of year 2 690,473 1,156,966

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 October 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 410,085 719,428
Depreciation charges 71,159 88,143
Finance costs 469,380 343,306
Finance income (9,985 ) (15,837 )
940,639 1,135,040
Decrease/(increase) in stocks 1,336,266 (3,908,188 )
Decrease/(increase) in trade and other debtors 222,003 (251,266 )
(Decrease)/increase in trade and other creditors (1,277,552 ) 3,714,314
Cash generated from operations 1,221,356 689,900

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2024
31.10.24 1.11.23
£    £   
Cash and cash equivalents 690,473 1,156,966
Year ended 31 October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 1,156,966 1,849,968


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.11.23 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank and in hand 1,156,966 (466,493 ) 690,473
1,156,966 (466,493 ) 690,473
Debt
Debts falling due within 1 year (106,250 ) (39,818 ) (146,068 )
Debts falling due after 1 year (102,083 ) (551,286 ) (653,369 )
(208,333 ) (591,104 ) (799,437 )
Total 948,633 (1,057,597 ) (108,964 )

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Green 4 Motor Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the use of fair values for certain financial instruments in accordance with the accounting policies set out below.

Basis of consolidation
The consolidated financial statements includes all of group's subsidiaries being; Green 4 Holdings Limited, Green 4 Motor Company Limited and Green 4 Investments Limited.

Turnover
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits can be reliably measured, and it is probable that future economic benefits will flow to the entity. Revenue from the sale of goods is recognised when the risks and rewards of ownership are transferred to the customer. Revenue from services is recognised in the accounting periods in which the services are rendered.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.


Freehold property -2% on cost
Improvements to property-14.28%/20% on cost
Plant and machinery-20%/33% on cost
Fixtures and fittings-20%/33% on cost
Computer equipment-33% on cost
Motor vehicles-20%/33% on cost


Stocks
Stocks consists of new and used cars for sale, together with spare parts and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined using the first-in, first out (FIFO) method. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Stocks held on consignment are accounted for on the balance sheet when in terms of a consignment and commercial practice indicate that the principal benefit and risks of owning the stocks rest with the company. The corresponding creditor is accordingly accounted for on the balance sheet.


Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Intangible fixed liabilities
Negative goodwill arises on the consolidation of the group accounts following the purchase of Coventry Motor Company Holdings Limited in January 2014 and is being amortised over 20 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive economic benefit from the reputation and customer loyalty acquired as part of that business.

Financial instruments
The limited company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from and to related parties and bank loans.

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due for goods sold or services rendered in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are classified as current liabilities of the company does not have an unconditional right, at the end of the reporting date, to defer settlement of the creditor for at least twelve months after the reporting date.If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The Company makes estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the Company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have an increased risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements, the directors have made the following judgements:

Goodwill, intangible assets and amortisation
The Company establishes a reliable estimate of the useful life of intangible assets. The directors assess carrying value and impairment of intangible assets subject to amortisation, whenever events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation and residual values
The directors have reviewed the asset lives and associated residual values of all tangible fixed asset classes and have concluded that asset lives and residual values are appropriate.

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Recoverability of trade debtors
Trade and other debtors are recognised to the extent that they are judged recoverable. Management reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is considered to be uncertain.

Management makes allowance for doubtful debts based on an assessment of the recoverability of debtors. Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. Management specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such difference will impact the carrying value of debtors and the charge in the profit and loss account.

Taxation
There are many transactions and calculations for which the ultimate tax determination is uncertain. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due.

Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

Provisions
A provision is recognised when the Company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

Stock
Stock provisions are made as applicable when the net realisable value if lower than the actual cost of the motor vehicle held in stock.

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

4. TURNOVER

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

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Car Sales 43,249,934 44,987,175
Parts, servicing & leasing 3,862,374 3,729,551
47,112,308 48,716,726

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 47,112,308 48,716,726
47,112,308 48,716,726

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,868,341 1,924,192
Social security costs 182,097 186,521
Other pension costs 25,897 34,282
2,076,335 2,144,995

The average number of employees during the year was as follows:
2024 2023

Management and Administration 18 11
Sales 12 16
Parts and Servicing 28 36
58 63

The average number of employees by undertakings that were proportionately consolidated during the year was 58 (2023 - 63 ) .

6. DIRECTORS' EMOLUMENTS
2024 2023
£    £   
Directors' remuneration 182,829 151,397

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

7. OPERATING PROFIT

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

2024 2023
£    £   
Other operating leases 297,370 343,759
Depreciation - owned assets 83,791 100,775
Goodwill amortisation (12,632 ) (12,632 )
Auditors' remuneration 29,161 30,600

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Interest on overdue tax 1,591 -
Stocking interest 467,789 343,306
469,380 343,306

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 115,053 161,818

Deferred tax (16,046 ) (5,580 )
Tax on profit 99,007 156,238

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:

2024 2023
£    £   
Profit before tax 410,085 719,428
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 22.518 %)

102,521

162,001

Effects of:
Expenses not deductible for tax purposes 778 715
Depreciation in excess of capital allowances 12,549 4,522
Deferred tax charge (16,046 ) (5,580 )
Profit on disposal - (3,565 )
Allowable expenses for tax purposes (795 ) (1,013 )
Marginal relief - (842 )
Total tax charge 99,007 156,238

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

10. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


11. DIVIDENDS
2024 2023
£    £   
Interim 359,997 552,653

12. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 (262,477 )
AMORTISATION
At 1 November 2023 (123,531 )
Amortisation for year (12,632 )
At 31 October 2024 (136,163 )
NET BOOK VALUE
At 31 October 2024 (126,314 )
At 31 October 2023 (138,946 )

Negative goodwill arises on the consolidation of the group accounts following the purchase of Green 4 Holdings Limited in previous years and is being amortised over 20 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive economic benefit from the reputation and customer loyalty acquired as part of that business.

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

13. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 - 506,529 98,822
Additions 1,327,135 - 4,671
At 31 October 2024 1,327,135 506,529 103,493
DEPRECIATION
At 1 November 2023 - 331,611 59,910
Charge for year - 46,117 11,921
At 31 October 2024 - 377,728 71,831
NET BOOK VALUE
At 31 October 2024 1,327,135 128,801 31,662
At 31 October 2023 - 174,918 38,912

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 160,807 33,789 31,456 831,403
Additions 2,493 - 6,703 1,341,002
At 31 October 2024 163,300 33,789 38,159 2,172,405
DEPRECIATION
At 1 November 2023 111,798 15,507 23,060 541,886
Charge for year 15,651 5,775 4,327 83,791
At 31 October 2024 127,449 21,282 27,387 625,677
NET BOOK VALUE
At 31 October 2024 35,851 12,507 10,772 1,546,728
At 31 October 2023 49,009 18,282 8,396 289,517

Freehold property pledged as security for loans amounted to £1,250,000 (2023: £nil).

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

14. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 250,100
NET BOOK VALUE
At 31 October 2024 250,100
At 31 October 2023 250,100


Country of Class of Percentage held Nature of
incorporation shares by the company business


Green 4 Holdings Limited

England

Ordinary

100%
Holding
Company



Green 4 Motor Company Limited *


England


Ordinary


100%
Motor
vehicle
retailers


Green 4 Investments Limited

England

Ordinary

100%
Investment
Company

* Held by Green 4 Holdings Limited

The registered office addresses of the above named companies, are the same as Green 4 Motor Group Limited, which is detailed on the Company Information page.

15. STOCKS

Group
2024 2023
£    £   
Finished goods 7,246,496 8,582,762

Stocks pledged as security for funding facilities amounted to £7,043,603 (2022: £8,360,141).

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 841,611 905,304 - -
Other debtors 70,781 135,133 - -
Directors' current accounts 393,890 607,544 393,890 607,544
Tax 137,988 57,656 137,988 57,656
Prepayments and accrued income 154,949 248,907 - -
1,599,219 1,954,544 531,878 665,200

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 19) 146,068 106,250 - -
Trade creditors 2,577,118 2,220,732 - -
Consignment stock creditor 1,891,042 3,227,395 - -
Vehicle funding creditor 3,311,557 3,508,878 - -
Amounts owed to group undertakings - - 740,080 1,121,128
Tax 114,964 161,774 - -
Social security and other taxes 106,929 110,333 - -
VAT 15,016 16,350 - -
Other creditors 196,504 263,587 - -
Directors' current accounts 13 90,031 13 90,031
Accruals and deferred income 414,128 442,571 - -
8,773,339 10,147,901 740,093 1,211,159

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 19) 653,369 102,083

19. LOANS

An analysis of the maturity of loans is given below:
2024 2023
£ £

Amounts payable by instalments and falling due within one year:
Bank loans 146,068 106,250

Amounts payable by instalments and due between one and five years:
Bank loans 328,077 102,083

Amounts payable by instalments and due between one and five years:
Bank loans 325,292 102,083
Interest is being paid on the loan at a rate of 6.91% per annum.

20. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 251,000 342,943
Between one and five years 1,004,688 1,065,396
In more than five years 1,343,504 1,594,504
2,599,192 3,002,843

Operating lease payments recognised as an expense in the year amounted to £297,370 (2023: £343,759).

21. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 799,437 208,333

The bank loan is secured by way of a debenture, being a fixed legal charge over the whole assets of the subsidiary, including the freehold property. The group has also provided a guarentee in the form of a debenture over the whole assets of the group for the subsidiary.

22. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 44,454 60,159
Deferred tax (341 ) -
44,113 60,159

Group
Deferred
tax
£   
Balance at 1 November 2023 60,159
Provided during year (16,046 )
Balance at 31 October 2024 44,113

23. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
124,600 Ordinary £1 124,600 124,600

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

23. CALLED UP SHARE CAPITAL - continued

The above shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

24. RESERVES

Group
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2023 1,385,300 24,800 1,410,100
Profit for the year 311,078 311,078
Dividends (359,997 ) (359,997 )
At 31 October 2024 1,336,381 24,800 1,361,181

Company
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2023 - 24,800 24,800
Profit for the year 359,997 359,997
Dividends (359,997 ) (359,997 )
At 31 October 2024 - 24,800 24,800


25. PENSION COMMITMENTS

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The amount charged against profits represent the contributions payable to the scheme in respect of the accounts accounting period and amounts to £32,054 (2023: £34,282.) There were £3,112 outstanding contributions payable at the year end (2023: £3,178).

26. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
T Leggett
Balance outstanding at start of year 607,544 410,862
Amounts advanced 74,468 501,707
Amounts repaid (308,573 ) (305,025 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 373,439 607,544

Green 4 Motor Group Limited (Registered number: 08777828)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 October 2024

26. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Everitt
Balance outstanding at start of year (90,017 ) (50,016 )
Amounts advanced 202,120 69,997
Amounts repaid (91,652 ) (109,998 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,451 (90,017 )

Interest has been charged on the overdrawn directors loan account balance at the HM Revenue & Customs official rate of interest for the year being 2.25% throughout.

27. RELATED PARTY DISCLOSURES

During the year, total dividends of £359,997 were paid to the directors.

The group has provided a guarentee in the form of a debenture over the assets of the group for it's subsidiary.

During the year, the total amount paid to key management personnel, including directors fees, was £204,281 (2023: £166,909).

28. ULTIMATE CONTROLLING PARTY

The controlling party is T Leggett.

Mr T Leggett owns 55.2% of the company's share capital at the year end and therefore has control.