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REGISTERED NUMBER: 04496387 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31st October 2024 |

| for |

| Holmes Motor Engineering Limited |

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Contents of the Financial Statements

for the year ended 31st October 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Holmes Motor Engineering Limited |

Company Information

for the year ended 31st October 2024

| DIRECTORS: | Mr B Barker

| Mr I J Humphries

| SECRETARY: | Mr I J Humphries

| REGISTERED OFFICE: | Black Bull House

| 353-355 Station Road

| Bamber Bridge

| Preston

| Lancashire

| PR5 6EE

| REGISTERED NUMBER: | 04496387 (England and Wales)

| ACCOUNTANTS: | Robin Oatridge & Co Limited

| Chartered Certified Accountants

| Black Bull House

| 353-355 Station Road

| Bamber Bridge

| Preston

| Lancashire

| PR5 6EE

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Balance Sheet

31st October 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 6,637 |  | 6,116 |  |

6,637 |  | 6,116 |  |

CURRENT ASSETS

Stocks | 2,225 |  | 2,225 |  |

Debtors | 6 | 28,081 |  | 24,859 |  |

Cash at bank and in hand | 15,864 |  | 15,652 |  |

46,170 |  | 42,736 |  |

CREDITORS

Amounts falling due within one year | 7 | 65,522 |  | 51,951 |  |

NET CURRENT LIABILITIES | (19,352 | ) | (9,215 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (12,715 | ) | (3,099 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (11,864 | ) | (21,726 | ) |

PROVISIONS FOR LIABILITIES | (1,246 | ) | - |  |

NET LIABILITIES | (25,825 | ) | (24,825 | ) |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | (26,025 | ) | (25,025 | ) |

SHAREHOLDERS' FUNDS | (25,825 | ) | (24,825 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Balance Sheet - continued

31st October 2024

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 23rd October 2025 and were signed on its behalf by:

Mr I J Humphries - Director

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Notes to the Financial Statements

for the year ended 31st October 2024

1. | STATUTORY INFORMATION

| Holmes Motor Engineering 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 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 2002, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance and 15% 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.

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Notes to the Financial Statements - continued

for the year ended 31st October 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Going concern

| At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

| On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

| The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st November 2023

| and 31st October 2024 | 33,800 |  |

| AMORTISATION

| At 1st November 2023

| and 31st October 2024 | 33,800 |  |

| NET BOOK VALUE

| At 31st October 2024 | - |  |

| At 31st October 2023 | - |  |

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Notes to the Financial Statements - continued

for the year ended 31st October 2024

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st November 2023 | 43,756 |  |

| Additions | 1,875 |  |

| At 31st October 2024 | 45,631 |  |

| DEPRECIATION

| At 1st November 2023 | 37,640 |  |

| Charge for year | 1,354 |  |

| At 31st October 2024 | 38,994 |  |

| NET BOOK VALUE

| At 31st October 2024 | 6,637 |  |

| At 31st October 2023 | 6,116 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1st November 2023 | 5,499 |  |

| Transfer to ownership | (5,499 | ) |

| At 31st October 2024 | - |  |

| DEPRECIATION

| At 1st November 2023 | 3,940 |  |

| Transfer to ownership | (3,940 | ) |

| At 31st October 2024 | - |  |

| NET BOOK VALUE

| At 31st October 2024 | - |  |

| At 31st October 2023 | 1,559 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 9,038 |  | 5,736 |  |

| Other debtors | 19,043 |  | 19,123 |  |

28,081 |  | 24,859 |  |

| Holmes Motor Engineering Limited (Registered number: 04496387) |

Notes to the Financial Statements - continued

for the year ended 31st October 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,648 |  | 10,648 |  |

| Hire purchase contracts | - |  | 681 |  |

| Trade creditors | 13,628 |  | 7,919 |  |

| Taxation and social security | 35,957 |  | 25,652 |  |

| Other creditors | 5,289 |  | 7,051 |  |

65,522 |  | 51,951 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 11,864 |  | 21,726 |  |

| No security has been provided in respect of the bank loan.

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | - |  | 681 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 | 2023 |

£ | £ |

| Mr B Barker

| Balance outstanding at start of year | 9,561 |  | 9,566 |  |

| Amounts repaid | (40 | ) | (5 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 9,521 |  | 9,561 |  |

| Mr I J Humphries

| Balance outstanding at start of year | 9,562 |  | 9,566 |  |

| Amounts repaid | (40 | ) | (4 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 9,522 |  | 9,562 |  |

11. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the directors.