REGISTERED NUMBER: 06726355 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Eclipse Car Sales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Bendy

Mrs C D Bendy

SECRETARY:

Mrs C D Bendy

REGISTERED OFFICE:

89 Main Road Colden Common

Winchester

Hampshire

SO21 1RP

REGISTERED NUMBER:

06726355 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

123,954

158,938

CURRENT ASSETS

Stocks

2,251,449

1,776,933

Debtors

5

111,771

99,653

Cash at bank

58,515

7

2,421,735

1,876,593

CREDITORS

Amounts falling due within one year

6

1,738,486

1,160,779

NET CURRENT ASSETS

683,249

715,814

TOTAL ASSETS LESS CURRENT LIABILITIES

807,203

874,752

CREDITORS

Amounts falling due after more than one year

7

(597,612

)

(749,375

)

PROVISIONS FOR LIABILITIES

(17,052

)

(18,104

)

NET ASSETS

192,539

107,273

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

192,439

107,173

SHAREHOLDERS' FUNDS

192,539

107,273

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

R C Bendy - Director

1.	STATUTORY INFORMATION

Eclipse Car Sales 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.

Short leasehold

-

25% on cost

Plant & machinery

-

20% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

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 16 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant &

Fixtures

leasehold

machinery

& fittings

£

£

£

COST

At 1 January 2024

138,451

63,393

49,980

Additions

-

10,631

2,258

At 31 December 2024

138,451

74,024

52,238

DEPRECIATION

At 1 January 2024

51,929

32,043

31,963

Charge for year

30,774

7,445

2,984

At 31 December 2024

82,703

39,488

34,947

NET BOOK VALUE

At 31 December 2024

55,748

34,536

17,291

At 31 December 2023

86,522

31,350

18,017

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

29,154

32,194

313,172

Additions

-

1,339

14,228

At 31 December 2024

29,154

33,533

327,400

DEPRECIATION

At 1 January 2024

16,093

22,206

154,234

Charge for year

2,612

5,397

49,212

At 31 December 2024

18,705

27,603

203,446

NET BOOK VALUE

At 31 December 2024

10,449

5,930

123,954

At 31 December 2023

13,061

9,988

158,938

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

59,012

60,325

Amounts owed by group undertakings

13,856

13,022

Other debtors

38,903

26,306

111,771

99,653

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

144,792

313,007

Hire purchase contracts (see note 8)

2,500

3,333

Trade creditors

673,325

244,366

Taxation and social security

163,816

61,267

Other creditors

754,053

538,806

1,738,486

1,160,779

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

152,083

296,875

Hire purchase contracts (see note 8)

-

2,500

Other creditors

445,529

450,000

597,612

749,375

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

2,500

3,333

Between one and five years

-

2,500

2,500

5,833

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

3,900

3,900

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

-

142,174

Bank loans

296,875

467,708

Other loans

-

23,190

Other creditors

737,083

499,629

1,033,958

1,132,701

The bank borrowings are secured by a debenture over the assets in the company.

£737,083 (2023 - 499,629) of the other creditors are secured on the stock of the company.