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REGISTERED NUMBER: 00782602 (England and Wales)

Central Motors (Chard) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Central Motors (Chard) Limited (Registered number: 00782602)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Central Motors (Chard) Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | D Ricciardi

| P J Ricciardi

| Mrs C T Ricciardi-Powers

| Mrs A J Carr

| REGISTERED OFFICE: | East Street

| Chard

| Somerset

| TA20 1EP

| REGISTERED NUMBER: | 00782602 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | Lloyds Bank plc

| 31 Fore Street

| Taunton

| Somerset

| TA1 1HN

Central Motors (Chard) Limited (Registered number: 00782602)

Abridged Statement of Financial Position

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 590,106 |  | 594,349 |  |

Investment property | 6 | 656,000 |  | 656,000 |  |

1,246,106 |  | 1,250,349 |  |

CURRENT ASSETS

Stocks | 539,215 |  | 442,611 |  |

Debtors | 8,507 |  | 19,392 |  |

Cash at bank and in hand | 1,200,000 |  | 1,120,480 |  |

1,747,722 |  | 1,582,483 |  |

CREDITORS

Amounts falling due within one year | 114,148 |  | 120,086 |  |

NET CURRENT ASSETS | 1,633,574 |  | 1,462,397 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,879,680 |  | 2,712,746 |  |

PROVISIONS FOR LIABILITIES | 77,156 |  | 78,216 |  |

NET ASSETS | 2,802,524 |  | 2,634,530 |  |

CAPITAL AND RESERVES

Called up share capital | 33,660 |  | 33,660 |  |

Freehold property revaluation reserve | 7 | 473,500 |  | 473,500 |  |

Capital redemption reserve | 32,340 |  | 32,340 |  |

Capital reserve | 112,005 |  | 112,005 |  |

Investment property revaluation reserve | 7 | 539,147 |  | 539,147 |  |

Retained earnings | 1,611,872 |  | 1,443,878 |  |

SHAREHOLDERS' FUNDS | 2,802,524 |  | 2,634,530 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Central Motors (Chard) Limited (Registered number: 00782602)

Abridged Statement of Financial Position - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

D Ricciardi - Director

Central Motors (Chard) Limited (Registered number: 00782602)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Central Motors (Chard) 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

| Sales of vehicles are recognised when the significant risks and rewards of ownership have been transferred to the buyer which generally occurs when the vehicles are delivered to the customer and title has passed. Servicing and body shop sales are recognised on completion of the agreed work. Bonuses and commissions are recognised when the company becomes entitled to the income on a risk and rewards basis.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery - 15% on reducing balance

| Fixtures and fittings - 15% and 30% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| New vehicles are invoiced to the company by the manufacturer at the point of consignment. As such these vehicles are shown within motor vehicle stock and the liability is shown within trade creditors.

| 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 statement of financial position date.

Central Motors (Chard) Limited (Registered number: 00782602)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| Listed investments

| Listed investments in shares are included at market value.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 14 ) .

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 926,610 |  |

| DEPRECIATION

| At 1 April 2024 | 332,261 |  |

| Charge for year | 4,243 |  |

| At 31 March 2025 | 336,504 |  |

| NET BOOK VALUE

| At 31 March 2025 | 590,106 |  |

| At 31 March 2024 | 594,349 |  |

| Included in land and buildings is land amounting to £69,000 (2024: £69,000 which is not depreciated).

| Cost or valuation at 31 March 2025 is represented by:

| Totals

£ |

| Valuation in 2023 | 492,084 |  |

| Cost | 434,526 |  |

926,610 |  |

Central Motors (Chard) Limited (Registered number: 00782602)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 656,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 656,000 |  |

| At 31 March 2024 | 656,000 |  |

| Included in fair value of investment property is freehold land of £ 81,000 (2024 - £ 81,000 ) which is not depreciated.

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2023 | 575,000 |  |

| Cost | 81,000 |  |

656,000 |  |

7. | RESERVES

| Freehold |  | Investment |

| property |  | property |

| revaluation |  | revaluation |

| reserve |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024

| and 31 March 2025 | 473,500 |  | 539,147 |  | 1,012,647 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| D Ricciardi

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 14 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 14 |  | - |  |