REGISTERED NUMBER: 06770229 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A690 Specialist Cars Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P Oldroyd

Mrs J Oldroyd

R Ketani

J Oldroyd

REGISTERED OFFICE:

Belmont Bridge

Carrville

County Durham

DH1 1LU

REGISTERED NUMBER:

06770229 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

4

26,133

32,721

CURRENT ASSETS

Stocks

716,811

709,309

Debtors

5

358,955

322,109

Cash at bank and in hand

256,036

512,717

1,331,802

1,544,135

CREDITORS

Amounts falling due within one year

6

945,767

1,090,652

NET CURRENT ASSETS

386,035

453,483

TOTAL ASSETS LESS CURRENT LIABILITIES

412,168

486,204

PROVISIONS FOR LIABILITIES

6,533

8,180

NET ASSETS

405,635

478,024

CAPITAL AND RESERVES

Called up share capital

1,111

1,111

Retained earnings

404,524

476,913

SHAREHOLDERS' FUNDS

405,635

478,024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

P Oldroyd - Director

1.	STATUTORY INFORMATION

A690 Specialist 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover

Turnover represents net sales of goods, bonuses and commissions receivable, excluding value added tax.

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 leasehold property

-

33% Straight line

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 29 (2023 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

102,618

47,686

27,009

14,661

191,974

Additions

-

-

2,768

-

2,768

At 31 December 2024

102,618

47,686

29,777

14,661

194,742

DEPRECIATION

At 1 January 2024

95,358

33,743

19,280

10,872

159,253

Charge for year

3,260

2,788

2,009

1,299

9,356

At 31 December 2024

98,618

36,531

21,289

12,171

168,609

NET BOOK VALUE

At 31 December 2024

4,000

11,155

8,488

2,490

26,133

At 31 December 2023

7,260

13,943

7,729

3,789

32,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

71,295

101,579

Other debtors

287,660

220,530

358,955

322,109

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

47,874

141,469

Taxation and social security

76,273

117,176

Other creditors

821,620

832,007

945,767

1,090,652

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

40,000

40,000

Between one and five years

160,000

160,000

In more than five years

190,000

230,000

390,000

430,000

8.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with the following related parties. These entities are considered related by virtue of common directorship. All transactions were conducted at market value, with no formal terms and conditions in place. Outstanding balances are unsecured, interest-free, and repayable on demand, unless otherwise stated.

Company A690 Prep Centre Ltd

Nature of relationship: Common directorship

Sales:

£650,240 (2023: £485,011)

Purchases:

£141,631 (2023: £18,000)

Year-end balance:

£116,319 debit (2023: £10,053 credit)

Company A691 Specialist Cars Ltd

Nature of relationship: Common directorship

Sales:

£410,945 (2023: £388,537)

Purchases:

£621,839 (2023: £542,908)

Year-end balance:

£97,353 debit (2023: £76,558 debit)

Company A Six Ninety Warranties Ltd

Nature of relationship: Common directorship

Year-end balance:

£581,683 credit (2023: £581,683 credit)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P Oldroyd.