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REGISTERED NUMBER: 02703350 (England and Wales)

COUNTY MOTORS SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2025

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2025

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 8

| COUNTY MOTORS SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH MARCH 2025

| DIRECTOR: | Mr M Iqbal

| SECRETARY: | Mr M Nocivelli

| REGISTERED OFFICE: | 16 Lambourne Crescent

| Cardiff Business Park

| Llanishen

| Cardiff

| South Glamorgan

| CF14 5GF

| REGISTERED NUMBER: | 02703350 (England and Wales)

| ACCOUNTANTS: | Johns Jones & Lo Limited

| Chartered Accountants & Registered Auditors

| 16 Lambourne Crescent

| Cardiff Business Park

| Llanishen

| Cardiff

| CF14 5GF

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

BALANCE SHEET

30TH MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 39,586 |  | 46,623 |  |

CURRENT ASSETS

Debtors | 5 | 85,962 |  | 64,871 |  |

Cash at bank and in hand | 6,619 |  | 962 |  |

92,581 |  | 65,833 |  |

CREDITORS

Amounts falling due within one year | 6 | 56,071 |  | 57,162 |  |

NET CURRENT ASSETS | 36,510 |  | 8,671 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 76,096 |  | 55,294 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 25,393 |  | 31,136 |  |

NET ASSETS | 50,703 |  | 24,158 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 50,701 |  | 24,156 |  |

SHAREHOLDERS' FUNDS | 50,703 |  | 24,158 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 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.

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

BALANCE SHEET - continued

30TH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th September 2025 and were signed by:

Mr M Iqbal - Director

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2025

1. | STATUTORY INFORMATION

| County Motors Services 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts for revenues and expenses during the period. However the nature of estimation means that outcomes could differ from those estimates.

| Recoverability of debtors

| Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

| Useful economic lives of tangible fixed assets

| Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| Provision for impairments

| Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors, considered for impairments can affect the value reported in the financial statements.

| 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 | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 15% on reducing balance

| Computer equipment | - | 33% on reducing balance

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost the, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

| A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some but not substantially aa, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

| 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.

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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 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

| These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand and deposits held at call with banks.

| Debtors

| Debtors include trade debtors and certain other financial instruments and prepayments.

| Prepayments are payments made for goods or services that will be received in the future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 31st March 2024 |

| and 30th March 2025 | 83,631 |  | 131,152 |  | 40,800 |  | 10,006 |  | 265,589 |  |

| DEPRECIATION

| At 31st March 2024 | 69,428 |  | 112,056 |  | 27,720 |  | 9,762 |  | 218,966 |  |

| Charge for year | 2,131 |  | 2,864 |  | 1,962 |  | 80 |  | 7,037 |  |

| At 30th March 2025 | 71,559 |  | 114,920 |  | 29,682 |  | 9,842 |  | 226,003 |  |

| NET BOOK VALUE

| At 30th March 2025 | 12,072 |  | 16,232 |  | 11,118 |  | 164 |  | 39,586 |  |

| At 30th March 2024 | 14,203 |  | 19,096 |  | 13,080 |  | 244 |  | 46,623 |  |

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH MARCH 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,399 |  | 2,708 |  |

| Other debtors | 18,692 |  | 9,024 |  |

| Directors' current accounts | 50,251 |  | 26,739 |  |

| Deferred tax asset | 11,341 |  | 12,307 |  |

| Prepayments and accrued income | 2,279 |  | 14,093 |  |

85,962 |  | 64,871 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 6,619 |  | 6,618 |  |

| Trade creditors | 352 |  | 11,550 |  |

| Tax | 17,675 |  | 9,024 |  |

| Social security and other taxes | 864 |  | 891 |  |

| VAT | 720 |  | 989 |  |

| Other creditors | 4,029 |  | 12,079 |  |

| JJLO Credit | 6,475 |  | - |  |

| Keys Finance | 10,374 |  | - |  |

| Accruals and deferred income | 8,963 |  | 16,011 |  |

56,071 |  | 57,162 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 2-5 years | 22,061 |  | 31,136 |  |

| Bank Loan - Over 5 years | 3,332 |  | - |  |

25,393 |  | 31,136 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 32,012 |  | 37,754 |  |

| Bank borrowings and overdraft facilities are secured on the company's assets. Hire purchase liabilities are secured on the assets included in the agreement.

9. | DEFERRED TAX

£ |

| Balance at 31st March 2024 | (12,307 | ) |

| Provided during year | 966 |  |

| Balance at 30th March 2025 | (11,341 | ) |

COUNTY MOTORS SERVICES LIMITED (REGISTERED NUMBER: 02703350) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH MARCH 2025

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30th March 2025 and 30th March 2024:

2025 | 2024 |

£ | £ |

| Mr M Iqbal

| Balance outstanding at start of year | 26,740 |  | (10,022 | ) |

| Amounts advanced | 105,663 |  | 75,006 |  |

| Amounts repaid | (82,151 | ) | (38,244 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 50,252 |  | 26,740 |  |

| Interest has been charged on the loan above and is repayable upon demand.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr M Iqbal.