Unit One Automotive Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11941275

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		115,361		138,684

			115,361		138,684
CURRENT ASSETS
Stocks	5	1,162,187		744,508
Debtors	6	81,775		77,920
Cash at bank and in hand		132,572		92,218

		1,376,534		914,646
Creditors: Amounts Falling Due Within One Year	7	(2,277,290 )		(1,450,378 )

NET CURRENT ASSETS (LIABILITIES)			(900,756 )		(535,732 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(785,395 )		(397,048 )

Creditors: Amounts Falling Due After More Than One Year	8		(848,559 )		(1,279,129 )

NET LIABILITIES			(1,633,954 )		(1,676,177 )

CAPITAL AND RESERVES
Called up share capital	9		182		100
Share premium account			393,669		-
Profit and Loss Account			(2,027,805 )		(1,676,277 )

SHAREHOLDERS' FUNDS			(1,633,954)		(1,676,177)

Page 1

Page 2

Unit One Automotive Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J Bruford

Director

29 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Unit One Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11941275 . The registered office is Vastbridge Cottage, Alfold Road, Cranleigh, Surrey, GU6 8JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight Line
Plant & Machinery	15% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	15% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 17)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	111,969	35,279	21,962	32,332	201,542
Additions	734	2,080	-	1,267	4,081

As at 31 December 2024	112,703	37,359	21,962	33,599	205,623

Depreciation
As at 1 January 2024	42,556	6,344	8,374	5,584	62,858
Provided during the period	11,271	5,603	5,490	5,040	27,404

As at 31 December 2024	53,827	11,947	13,864	10,624	90,262

Net Book Value
As at 31 December 2024	58,876	25,412	8,098	22,975	115,361

As at 1 January 2024	69,413	28,935	13,588	26,748	138,684

Page 3

Page 4

Unit One Automotive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	1,162,187	744,508

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	38,448	14,284
Amounts owed by group undertakings	-	100
Other debtors	43,327	63,536

	81,775	77,920

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	221,173	222,619
Bank loans and overdrafts	6,477	5,956
Other loans	85,184	239,827
Amounts owed to group undertakings	-	135,507
Other creditors	1,900,291	800,739
Taxation and social security	64,165	45,730

	2,277,290	1,450,378

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	31,206	32,264
Other loans	314,013	387,326
Directors loan account	503,340	479,401
Amounts owed to group undertakings	-	380,138

	848,559	1,279,129

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	182	100

Page 4