REGISTERED NUMBER: 10648412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WYE MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K P Busbridge

REGISTERED OFFICE:

Bramble Lane Garage

Bramble Lane

Wye

Ashford

Kent

TN25 5EH

REGISTERED NUMBER:

10648412 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Intangible assets

4

10,900

16,350

Tangible assets

5

546,007

513,707

556,907

530,057

CURRENT ASSETS

Stocks

439,083

453,367

Debtors

6

5,505

2,554

Cash at bank and in hand

63,565

96,877

508,153

552,798

CREDITORS

Amounts falling due within one year

7

141,930

241,819

NET CURRENT ASSETS

366,223

310,979

TOTAL ASSETS LESS CURRENT LIABILITIES

923,130

841,036

CREDITORS

Amounts falling due after more than one year

8

(249,032

)

(237,816

)

PROVISIONS FOR LIABILITIES

9

(10,329

)

(11,277

)

NET ASSETS

663,769

591,943

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

663,767

591,941

SHAREHOLDERS' FUNDS

663,769

591,943

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 director acknowledges his 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 director and authorised for issue on 9 December 2025 and were signed by:

K P Busbridge - Director

1.	STATUTORY INFORMATION

Wye Motors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

Regarding the freehold property the buildings are depreciated at a rate of 1% per annum. No depreciation is provided for the land.

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 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

54,500

AMORTISATION

At 1 April 2024

38,150

Charge for year

5,450

At 31 March 2025

43,600

NET BOOK VALUE

At 31 March 2025

10,900

At 31 March 2024

16,350

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

463,947

179,084

643,031

Additions

-

61,774

61,774

Disposals

-

(5,000

)

(5,000

)

At 31 March 2025

463,947

235,858

699,805

DEPRECIATION

At 1 April 2024

-

129,324

129,324

Charge for year

-

27,365

27,365

Eliminated on disposal

-

(2,891

)

(2,891

)

At 31 March 2025

-

153,798

153,798

NET BOOK VALUE

At 31 March 2025

463,947

82,060

546,007

At 31 March 2024

463,947

49,760

513,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

782

446

Other debtors

4,723

2,108

5,505

2,554

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,959

11,774

Hire purchase contracts

11,174

23,124

Trade creditors

35,264

69,062

Taxation and social security

81,955

79,945

Other creditors

3,578

57,914

141,930

241,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

230,465

237,816

Hire purchase contracts

18,567

-

249,032

237,816

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

181,219

184,139

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

10,329

11,277

Deferred

tax

£

Balance at 1 April 2024

11,277

Provided during year

(948

)

Balance at 31 March 2025

10,329

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £86,000 (2024 - £36,000) were paid to the director .

Mr K P Busbridge - Director and shareholder

As at the balance sheet date, the company owed Mr Busbridge £370 (2024 - the company owed Mr Busbridge £54,852.)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is K P Busbridge.