Company registration number: 03782822
Unaudited financial statements
for the year ended 31 August 2025
for
Kilby Motors Ltd
Pages for filing with the Registrar
Company registration number: 03782822
Kilby Motors Ltd
Balance sheet
as at 31 August 2025
31 Aug 25 31 Aug 24
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 420,456 430,957
420,456 430,957
Current assets
Stocks 117,923 122,414
Debtors 17,607 16,607
Cash at bank and in hand 180,557 249,648
316,087 388,669
Creditors: amounts falling due within one
year 		(24,531) (19,959)
Net current assets 291,556 368,710
Total assets less current liabilities 712,012 799,667
Provisions for liabilities (3,592) (3,592)
NET ASSETS 708,420 796,075
Capital and reserves
Called up share capital 100 100
Revaluation reserve - 357,510
Profit and loss account 708,320 438,465
TOTAL EQUITY 708,420 796,075
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 03782822
Kilby Motors Ltd
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 November 2025 and signed on its behalf by:
Mr S Parmar, Director
11 November 2025
2
Kilby Motors Ltd
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Kilby Motors Ltd is a private company registered in England and Wales. Its registered number is 03782822. The company is limited by shares. Its registered office is Wellingborough Road, Irthlingborough, Wellingborough, Northamptonshire, NN9 5RE.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
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.
Land and buildings:
Freehold property - 2% straight line
Plant and machinery etc.:
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
3
Kilby Motors Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2024 - 9).
4 Intangible assets
Goodwill
£
Cost
At 1 September 2024 38,000
At 31 August 2025 38,000
4
Kilby Motors Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Intangible assets - continued
Amortisation
At 1 September 2024 38,000
At 31 August 2025 38,000
Net book value
At 31 August 2025 -
At 31 August 2024 -
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 September 2024 500,000 96,125 596,125
Additions - 646 646
At 31 August 2025 500,000 96,771 596,771
Depreciation
At 1 September 2024 74,137 91,031 165,168
Charge for year 10,000 1,147 11,147
At 31 August 2025 84,137 92,178 176,315
Net book value
At 31 August 2025 415,863 4,593 420,456
At 31 August 2024 425,863 5,094 430,957
5