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REGISTERED NUMBER: 01201931 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Schilward Motors Limited

Schilward Motors Limited (Registered number: 01201931)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Schilward Motors Limited

Company Information
for the Year Ended 30 April 2025







DIRECTOR: J Raby





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 01201931 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Schilward Motors Limited (Registered number: 01201931)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440,491 430,297

CURRENT ASSETS
Debtors 5 15,825 54,792
Prepayments and accrued income 8,570 8,386
Cash at bank 143,431 121,115
167,826 184,293
CREDITORS
Amounts falling due within one year 6 145,073 137,042
NET CURRENT ASSETS 22,753 47,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,244

477,548

CREDITORS
Amounts falling due after more than one
year

7

346,007

362,941
NET ASSETS 117,237 114,607

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 8 50 50
Retained earnings 8 117,137 114,507
SHAREHOLDERS' FUNDS 117,237 114,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

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.

Schilward Motors Limited (Registered number: 01201931)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2025 and were signed by:





J Raby - Director


Schilward Motors Limited (Registered number: 01201931)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Schilward 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 balance sheet date.

Deferred tax
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2024 - 7 ) .

Schilward Motors Limited (Registered number: 01201931)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2024 418,520 89,556 3,823
Additions - 7,163 6,295
At 30 April 2025 418,520 96,719 10,118
DEPRECIATION
At 1 May 2024 - 88,656 3,823
Charge for year - 1,777 1,574
At 30 April 2025 - 90,433 5,397
NET BOOK VALUE
At 30 April 2025 418,520 6,286 4,721
At 30 April 2024 418,520 900 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2024 13,300 12,157 537,356
Additions - 3,923 17,381
At 30 April 2025 13,300 16,080 554,737
DEPRECIATION
At 1 May 2024 4,038 10,542 107,059
Charge for year 2,316 1,520 7,187
At 30 April 2025 6,354 12,062 114,246
NET BOOK VALUE
At 30 April 2025 6,946 4,018 440,491
At 30 April 2024 9,262 1,615 430,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade debtors 15,825 54,792

Schilward Motors Limited (Registered number: 01201931)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Bank loans and overdrafts 26,600 26,600
Trade creditors 63,434 48,328
Taxation 18,915 21,385
Social security and other taxes 11,624 16,229
Directors' current accounts 23,000 23,000
Accrued expenses 1,500 1,500
145,073 137,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.25 30.4.24
£    £   
Bank loans - 1-2 years 17,433 26,600
Bank loans - 2-5 years 49,800 50,633
Bank loans more 5 yr by instal 278,774 285,708
346,007 362,941

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 278,774 285,708

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2024 114,507 50 114,557
Profit for the year 73,910 73,910
Dividends (71,280 ) (71,280 )
At 30 April 2025 117,137 50 117,187

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £71,280 (2024 - £50,000) were paid to the director .

The director controls the company by virtue of a direct controlling interest of 100% of the issued ordinary share capital.Transactions on the directors loan account during the year were as follows:-

Balance Advanced to Balance
B/fwd the company C/fwd

£23,000 £Nil £23,000

Schilward Motors Limited

Report of the Accountants to the Director of
Schilward Motors Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2025 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN


16 July 2025