REGISTERED NUMBER: 06240155 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

CONCEPT FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Newmarch

Mrs M Newmarch

REGISTERED OFFICE:

New Road

Wennington

Essex

RM13 8RH

REGISTERED NUMBER:

06240155 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

5,899

1,784

CURRENT ASSETS

Stocks

5

2,403,900

1,885,248

Debtors

6

16,667

100,569

Cash at bank and in hand

582,074

839,605

3,002,641

2,825,422

CREDITORS

Amounts falling due within one year

7

420,297

306,472

NET CURRENT ASSETS

2,582,344

2,518,950

TOTAL ASSETS LESS CURRENT LIABILITIES

2,588,243

2,520,734

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,588,143

2,520,634

SHAREHOLDERS' FUNDS

2,588,243

2,520,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 November 2025 and were signed on its behalf by:

Mrs M Newmarch - Director

1.	STATUTORY INFORMATION

CONCEPT FINANCE 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.

Tangible fixed assets

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

Short leasehold

-

Over the lease term

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

21,422

32,316

1,582

55,320

Additions

-

5,600

482

6,082

At 30 April 2025

21,422

37,916

2,064

61,402

DEPRECIATION

At 1 May 2024

21,422

31,718

396

53,536

Charge for year

-

1,550

417

1,967

At 30 April 2025

21,422

33,268

813

55,503

NET BOOK VALUE

At 30 April 2025

-

4,648

1,251

5,899

At 30 April 2024

-

598

1,186

1,784

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

2,403,900

1,885,248

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

-

4,166

Other debtors

-

78,556

Prepayments

16,667

17,847

16,667

100,569

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

96,960

184,864

Tax

-

25,280

Social security and other taxes

7,290

6,833

VAT

97,852

56,607

Directors' current accounts

182,059

-

Accrued expenses

36,136

32,888

420,297

306,472

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

DN Trade Cars Limited

During the year the company purchased vehicle stock totalling £945,565 from DN Trade Cars Limited, a company in which D Newmarch is a director and shareholder.

During the year it was agreed by the directors to write off the loan due to DN Trade Cars Limited totalling £241,385.

DGN Cars Limited

During the year the company made sales totalling £64,545 to DGN Cars Limited, a company in which D Newmarch is a director and shareholder.

The company also purchased vehicle stock totalling £21,500 from DGN Cars Limited.

10.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the year by virtue of their controlling shareholdings.