Registration number: 11419048

GP Motors & Parts Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

GP Motors & Parts Ltd

Company Information

Directors

Mr Gareth Parks Mr Darren Hill

Registered office

Units 5 & 6 Station Yard Recreation Road Normacot Stoke-on-Trent Staffordshire ST3 5LN

Accountants

FHS Accounting Limited Chartered Certified Accountants Suite G18 Genesis Centre Innovation Way Stoke on Trent ST6 4BF

GP Motors & Parts Ltd

(Registration number: 11419048)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,948	16,092
Current assets
Stocks	5	135,316	121,000
Debtors	6	4,279	4,109
Cash at bank and in hand		32,864	25,383
		172,459	150,492
Creditors: Amounts falling due within one year	7	(36,492)	(24,613)
Net current assets		135,967	125,879
Total assets less current liabilities		151,915	141,971
Creditors: Amounts falling due after more than one year	7	(11,998)	(17,988)
Net assets		139,917	123,983
Capital and reserves
Called up share capital		100	100
Retained earnings		139,817	123,883
Shareholders' funds		139,917	123,983

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 

GP Motors & Parts Ltd

(Registration number: 11419048)
Balance Sheet as at 30 June 2025

......................................... Mr Gareth Parks Director

GP Motors & Parts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Units 5 & 6 Station Yard Recreation Road
Normacot
Stoke-on-Trent
Staffordshire
ST3 5LN

These financial statements were authorised for issue by the Board on 18 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

GP Motors & Parts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

GP Motors & Parts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

GP Motors & Parts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	18,997	4,300	23,297
Additions	3,843	-	3,843
At 30 June 2025	22,840	4,300	27,140
Depreciation
At 1 July 2024	5,657	1,548	7,205
Charge for the year	3,437	550	3,987
At 30 June 2025	9,094	2,098	11,192
Carrying amount
At 30 June 2025	13,746	2,202	15,948
At 30 June 2024	13,340	2,752	16,092

5

Stocks

	2025 £	2024 £
Other inventories	135,316	121,000

6

Debtors

Current	2025 £	2024 £
Prepayments	2,629	2,459
Other debtors	1,650	1,650
	4,279	4,109

7

Creditors

Creditors: amounts falling due within one year

GP Motors & Parts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	4,856	4,856
Trade creditors		1,210	1,219
Taxation and social security		24,538	6,264
Accruals and deferred income		1,645	1,295
Other creditors		4,243	10,979
		36,492	24,613