REGISTERED NUMBER: 10794059 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fisher Performance Cars Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

T J Brearley

J R Brearley

REGISTERED OFFICE:

1 The Old Works

Chateau Impney Estate

Droitwich

Worcestershire

WR9 0FF

REGISTERED NUMBER:

10794059 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors 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 Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fisher Performance Cars Limited for the year ended 31 December 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fisher Performance Cars Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fisher Performance Cars Limited and state those matters that we have agreed to state to the Board of Directors of Fisher Performance Cars Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fisher Performance Cars Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fisher Performance Cars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fisher Performance Cars Limited. You consider that Fisher Performance Cars Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fisher Performance Cars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

9 September 2025

FIXED ASSETS

Tangible assets

4

82,854

113,953

CURRENT ASSETS

Stocks

536,143

313,268

Debtors

5

47,034

43,728

Cash at bank and in hand

145,592

77,616

728,769

434,612

CREDITORS

Amounts falling due within one year

6

(113,144

)

(127,964

)

NET CURRENT ASSETS

615,625

306,648

TOTAL ASSETS LESS CURRENT LIABILITIES

698,479

420,601

CREDITORS

Amounts falling due after more than one year

7

(1,336,496

)

(892,925

)

NET LIABILITIES

(638,017

)

(472,324

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(638,117

)

(472,424

)

(638,017

)

(472,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

T J Brearley - Director

1.	STATUTORY INFORMATION

Fisher Performance Cars 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 reducing balance and 20% on straight line

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks 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 Profit and Loss account, 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.

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.

Going concern

At 31 December 2024, there was a deficiency of assets of £638,017. The company is dependant upon the continued financial support of the directors. It is understood that this support will continue. On this basis the directors consider it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

119,252

18,495

28,671

7,614

174,032

Additions

5,359

150

-

605

6,114

Disposals

-

(11,266

)

(9,721

)

-

(20,987

)

At 31 December 2024

124,611

7,379

18,950

8,219

159,159

DEPRECIATION

At 1 January 2024

42,535

5,625

9,741

2,178

60,079

Charge for year

17,400

595

2,679

1,285

21,959

Eliminated on disposal

-

(4,226

)

(1,507

)

-

(5,733

)

At 31 December 2024

59,935

1,994

10,913

3,463

76,305

NET BOOK VALUE

At 31 December 2024

64,676

5,385

8,037

4,756

82,854

At 31 December 2023

76,717

12,870

18,930

5,436

113,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

28,110

19,547

Other debtors

18,924

24,181

47,034

43,728

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,561

5,601

Trade creditors

61,784

73,456

Taxation and social security

32,202

30,634

Other creditors

13,597

18,273

113,144

127,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,600

30,095

Other creditors

1,310,896

862,830

1,336,496

892,925