Robert Davies Motors Limited

Robert Davies Motors Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	878,622	922,768
		878,622	922,768
Current assets
Stocks	5	632,931	619,390
Debtors: amounts falling due within one year	6	468,010	521,817
Cash at bank and in hand		195,655	75,310
		1,296,596	1,216,517
Creditors: amount falling due within one year	7	(543,695)	(708,931)
Net current assets		752,901	507,586

Total assets less current liabilities		1,631,523	1,430,354
Creditors: amount falling due after more than one year	8	(65,747)	(23,448)
Provisions for liabilities	9	(54,970)	(65,367)
Net assets		1,510,806	1,341,539

Capital and reserves
Called up share capital	10	20	20
Profit and loss account		1,510,786	1,341,519
Shareholders' funds		1,510,806	1,341,539

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 29 October 2025 and were signed by:

-------------------------------
Robert Davies
Director

Robert Davies Motors Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Robert Davies Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 04607924, registration address Robert Davies Motors Limited, Llechryd, Cardigan, Ceredigion, SA43 2NR.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis over the period of the lease.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	20% Reducing Balance
Motor Vehicles	20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 34 (2024 : 34).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	50,000	50,000
Additions	-	-
Disposals	-	-
At 31 March 2025	50,000	50,000
Amortisation
At 01 April 2024	50,000	50,000
Charge for year	-	-
On disposals	-	-
At 31 March 2025	50,000	50,000
Net book values
At 31 March 2025	-	-
At 31 March 2024	-	-

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Total
	£	£	£	£
At 01 April 2024	589,304	1,014,246	52,557	1,656,107
Additions	-	30,281	-	30,281
Disposals	-	-	(27,000)	(27,000)
At 31 March 2025	589,304	1,044,527	25,557	1,659,388
Depreciation
At 01 April 2024	-	698,446	34,893	733,339
Charge for year	-	59,019	1,584	60,603
On disposals	-	-	(13,176)	(13,176)
At 31 March 2025	-	757,465	23,301	780,766
Net book values
Closing balance as at 31 March 2025	589,304	287,062	2,256	878,622
Opening balance as at 01 April 2024	589,304	315,800	17,664	922,768

Stocks

	2025 £		2024 £
Stocks	632,931		619,390
	632,931		619,390

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	72,094	20,328
Prepayments	6,611	5,705
Other Debtors	383,654	495,784
Directors' Current Accounts	5,651	-
	468,010	521,817

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	289,653	243,877
Bank Loans & Overdrafts	36,149	14,000
Corporation Tax	96,806	94,519
Taxation & Social Security	78,394	61,050
Accruals & Deferred Income	8,700	6,680
Other Creditors	33,993	136,020
Obligations under HP/Financial Leases	-	5,477
Stock Funding Loan	-	103,416
Directors' Current Accounts	-	43,892
	543,695	708,931

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	65,747	17,515
Obligations Under HP/Financial Leases	-	5,933
	65,747	23,448

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	65,367	65,367
Charged to Profit & Loss	(10,397)	-
	54,970	65,367

10.

Share Capital

Authorised
20 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
20 Ordinary shares of £1.00 each	20		20
	20		20

11.

Advances and Credits

Mr R Davies
During the period, the company advanced a loan of £5,651 to the company's sole director. This amount was repaid in full on the 30th April 2025.

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Mr R Davies	-		5,651		-		-		-		-		5,651
	0		5651		0		0		0		0		5651

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Mr R Davies	-		-		-		-		-		-		-
	0		0		0		0		0		0		0

Registered Number: 04607924
England and Wales
ROBERT DAVIES MOTORS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025