REGISTERED NUMBER: 01549773 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

A.H. SPARES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J D Hill

Mrs R A Kemsley

Mrs C Hill

Mr J Lee

REGISTERED OFFICE:

3 & 4 Pegasus House, Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

REGISTERED NUMBER:

01549773 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

5,001

1

Tangible assets

5

369,098

355,961

Investments

6

82,809

82,809

456,908

438,771

CURRENT ASSETS

Stocks

7

2,113,260

2,020,776

Debtors

8

680,671

410,173

Cash at bank and in hand

457,290

680,537

3,251,221

3,111,486

CREDITORS

Amounts falling due within one year

9

394,024

452,730

NET CURRENT ASSETS

2,857,197

2,658,756

TOTAL ASSETS LESS CURRENT LIABILITIES

3,314,105

3,097,527

PROVISIONS FOR LIABILITIES

10,347

12,762

NET ASSETS

3,303,758

3,084,765

CAPITAL AND RESERVES

Called up share capital

21,240

21,240

Capital redemption reserve

12,750

12,750

Retained earnings

3,269,768

3,050,775

SHAREHOLDERS' FUNDS

3,303,758

3,084,765

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.

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 1 December 2025 and were signed on its behalf by:

Mr J D Hill - Director

Mrs R A Kemsley - Director

1.	STATUTORY INFORMATION

A.H. Spares 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets - goodwill

Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life.

Tangible fixed assets

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

Freehold property

-

2% on cost

Long leasehold

-

Over the term of the lease

Fixtures and fittings

-

Straight line over 6 years

Motor vehicles

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Investments in classic cars are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

17,000

Additions

5,000

At 31 March 2025

22,000

AMORTISATION

At 1 April 2024

and 31 March 2025

16,999

NET BOOK VALUE

At 31 March 2025

5,001

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

352,387

197,619

434,306

48,417

1,032,729

Additions

4,666

2,453

44,262

-

51,381

At 31 March 2025

357,053

200,072

478,568

48,417

1,084,110

DEPRECIATION

At 1 April 2024

76,282

172,051

383,300

45,135

676,768

Charge for year

6,352

3,495

25,115

3,282

38,244

At 31 March 2025

82,634

175,546

408,415

48,417

715,012

NET BOOK VALUE

At 31 March 2025

274,419

24,526

70,153

-

369,098

At 31 March 2024

276,105

25,568

51,006

3,282

355,961

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Classic cars

82,809

82,809

7.

STOCKS

2025

2024

£

£

Stocks

2,113,260

2,020,776

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

196,510

218,231

Amounts owed by group undertakings

404,125

121,625

Other debtors

80,036

70,317

680,671

410,173

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

9,725

19,847

Trade creditors

331,776

332,922

Taxation and social security

43,589

91,820

Other creditors

8,934

8,141

394,024

452,730

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

50,000

50,000

11.	ULTIMATE CONTROLLING PARTY

The parent company of A.H. Spares Limited is Harbury (Holdings) Limited and its company number 08452030.