REGISTERED NUMBER: 05995310 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Currys Motors Devizes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N K Hale

REGISTERED OFFICE:

Bath Road

DEVIZES

Wiltshire

SN10 1PQ

REGISTERED NUMBER:

05995310 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,979

24,876

21,979

24,876

CURRENT ASSETS

Stocks

13,494

14,584

Debtors

6

37,474

589,410

Cash at bank and in hand

548,442

436,401

599,410

1,040,395

CREDITORS

Amounts falling due within one year

7

110,308

139,137

NET CURRENT ASSETS

489,102

901,258

TOTAL ASSETS LESS CURRENT LIABILITIES

511,081

926,134

PROVISIONS FOR LIABILITIES

5,495

6,219

NET ASSETS

505,586

919,915

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

505,486

919,815

SHAREHOLDERS' FUNDS

505,586

919,915

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 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

Mr N K Hale - Director

1.	STATUTORY INFORMATION

Currys Motors Devizes 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.

Improvements to property

-

5% on a straight line basis

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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 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.

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 10 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

200,000

AMORTISATION

At 1 January 2024

and 31 December 2024

200,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,965

37,772

7,771

Additions

-

8,374

275

Disposals

-

(13,430

)

(2,567

)

At 31 December 2024

1,965

32,716

5,479

DEPRECIATION

At 1 January 2024

824

23,910

3,673

Charge for year

98

3,350

587

Eliminated on disposal

-

(7,412

)

(2,110

)

At 31 December 2024

922

19,848

2,150

NET BOOK VALUE

At 31 December 2024

1,043

12,868

3,329

At 31 December 2023

1,141

13,862

4,098

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

6,700

5,263

59,471

Additions

-

-

8,649

Disposals

-

-

(15,997

)

At 31 December 2024

6,700

5,263

52,123

DEPRECIATION

At 1 January 2024

3,303

2,885

34,595

Charge for year

679

357

5,071

Eliminated on disposal

-

-

(9,522

)

At 31 December 2024

3,982

3,242

30,144

NET BOOK VALUE

At 31 December 2024

2,718

2,021

21,979

At 31 December 2023

3,397

2,378

24,876

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

35,410

37,063

Hale Investments Ltd

-

550,000

Prepayments and accrued income

2,064

2,347

37,474

589,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,536

33,153

Tax

54,476

67,169

Social security and other taxes

3,853

4,087

VAT

23,378

20,407

Other creditors

2,000

3,333

Directors' current accounts

65

8,088

Accruals and deferred income

3,000

2,900

110,308

139,137

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr N K Hale

Balance outstanding at start of year

8,088

10,065

Amounts advanced

10,536

-

Amounts repaid

(18,560

)

(1,977

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64

8,088

9.	RELATED PARTY DISCLOSURES

Included within the accounts is an expense of £550,000 relating to the write off of a debt by a company under common control.