REGISTERED NUMBER: 03174697 (England and Wales)

OFF ROAD ONLY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Zembrzuski

Mrs J E Zembrzuski

Miss T A Zembrzuski

G R Zembrzuski

J A Zembrzuski

A T Zembrzuski

Miss Z A Zembrzuski

SECRETARY:

Miss T A Zembrzuski

REGISTERED OFFICE:

Unit 2

Ddole Industrial Estate

Llandrindod Wells

Powys

LD1 6DF

REGISTERED NUMBER:

03174697 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,623,546

1,664,435

1,623,546

1,664,435

CURRENT ASSETS

Stocks

5,718,913

5,676,698

Debtors

6

449,368

252,022

Cash at bank and in hand

921,058

1,086,698

7,089,339

7,015,418

CREDITORS

Amounts falling due within one year

7

578,675

613,008

NET CURRENT ASSETS

6,510,664

6,402,410

TOTAL ASSETS LESS CURRENT LIABILITIES

8,134,210

8,066,845

PROVISIONS FOR LIABILITIES

142,023

169,454

NET ASSETS

7,992,187

7,897,391

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

7,992,185

7,897,389

SHAREHOLDERS' FUNDS

7,992,187

7,897,391

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Miss T A Zembrzuski - Director

1.	STATUTORY INFORMATION

Off Road Only 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.

Goodwill

Goodwill has been amortised through the profit and loss account in equal instalments over its estimated useful life.

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.

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

33% on cost and 20% on 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

32,000

AMORTISATION

At 1 April 2024

and 31 March 2025

32,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

1,204,750

306,948

461,357

Additions

-

-

18,963

Disposals

-

(4,000

)

(17,055

)

At 31 March 2025

1,204,750

302,948

463,265

DEPRECIATION

At 1 April 2024

317,104

163,937

276,988

Charge for year

23,865

13,902

28,655

Eliminated on disposal

-

-

(4,733

)

At 31 March 2025

340,969

177,839

300,910

NET BOOK VALUE

At 31 March 2025

863,781

125,109

162,355

At 31 March 2024

887,646

143,011

184,369

Office

Fixtures

and

and

Motor

computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

412,191

377,820

249,857

3,012,923

Additions

-

193,083

19,477

231,523

Disposals

-

(91,287

)

(916

)

(113,258

)

At 31 March 2025

412,191

479,616

268,418

3,131,188

DEPRECIATION

At 1 April 2024

206,561

217,486

166,412

1,348,488

Charge for year

20,562

84,413

68,451

239,848

Eliminated on disposal

-

(75,514

)

(447

)

(80,694

)

At 31 March 2025

227,123

226,385

234,416

1,507,642

NET BOOK VALUE

At 31 March 2025

185,068

253,231

34,002

1,623,546

At 31 March 2024

205,630

160,334

83,445

1,664,435

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,301

14,942

Amounts owed by participating interests

67,497

-

Prepayments and accrued income

348,570

237,080

449,368

252,022

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

247,286

194,103

Wages control

47,797

45,619

Tax

132,588

101,604

Social security and other taxes

13,126

12,717

Pension control

2,189

1,936

VAT

85,011

124,414

Credit card control

7,095

6,386

Directors' current accounts

32,120

116,209

Accruals and deferred income

11,463

10,020

578,675

613,008

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary 1p

1p

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

7,897,389

Profit for the year

294,796

Dividends

(200,000

)

At 31 March 2025

7,992,185

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends of £200,000 were paid to the directors during this financial period.

11.	RELATED PARTY DISCLOSURES

Six of the directors in this company are also directors and shareholders in Power Play Distribution Ltd.

Goods and services to Power Play Distribution Ltd amounted to £5,000 in this financial period and there is also a loan of £67,497.45 due from Power Play Distribution Ltd at the year end date.