FLP Motors Ltd - Accounts

FLP Motors Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	477,137	484,372
		477,137	484,372
Current assets
Stocks		15,000	15,000
Debtors		51,652	24,686
Cash at bank and in hand		90,032	61,643
		156,684	101,329
Creditors: amount falling due within one year		(246,915)	(234,617)
Net current assets		(90,231)	(133,288)

Total assets less current liabilities		386,906	351,084
Creditors: amount falling due after more than one year		(230,321)	(249,082)
Net assets		156,585	102,002

Capital and reserves
Called up share capital		19	19
Profit and loss account		156,566	101,983
Shareholders' funds		156,585	102,002

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.

Directors' 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 directors acknowledge 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 06 November 2025 and were signed on its behalf by:

-------------------------------
Mr V Gray
Director

FLP Motors Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

FLP Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10485810, registration address Unit 23A Shepherds Grove Industrial Estate, Stanton, Bury St Edmunds, IP31 2AR.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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 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:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	30% Reducing Balance
Fixtures and Fittings	30% Reducing Balance
Computer Equipment	25% 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.

2.	Average number of employees Average number of employees during the year was 8 (2024 : 7).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	5,625	5,625
Additions	-	-
Disposals	-	-
At 31 March 2025	5,625	5,625
Amortisation
At 01 April 2024	5,625	5,625
Charge for year	-	-
On disposals	-	-
At 31 March 2025	5,625	5,625
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	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£	£
At 01 April 2024	441,879	115,780	51,767	23,943	8,147	641,516
Additions	-	3,550	7,200	-	1,653	12,403
Disposals	-	-	-	-	-	-
At 31 March 2025	441,879	119,330	58,967	23,943	9,800	653,919
Depreciation
At 01 April 2024	-	98,644	34,874	18,625	5,001	157,144
Charge for year	-	9,790	7,228	170	2,450	19,638
On disposals	-	-	-	-	-	-
At 31 March 2025	-	108,434	42,102	18,795	7,451	176,782
Net book values
Closing balance as at 31 March 2025	441,879	10,896	16,865	5,148	2,349	477,137
Opening balance as at 01 April 2024	441,879	17,136	16,893	5,318	3,146	484,372

Registered Number: 10485810
England and Wales
FLP MOTORS LTD

Abridged Accounts

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