NLR Parts Centre Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14010762

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		1,967

			-		1,967
CURRENT ASSETS
Stocks	5	133,996		67,848
Debtors	6	27,330		12,431
Cash at bank and in hand		1,198		4,309

		162,524		84,588
Creditors: Amounts Falling Due Within One Year	7	(168,751 )		(108,750 )

NET CURRENT ASSETS (LIABILITIES)			(6,227 )		(24,162 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,227 )		(22,195 )

NET LIABILITIES			(6,227 )		(22,195 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(7,227 )		(23,195 )

SHAREHOLDERS' FUNDS			(6,227)		(22,195)

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NLR Parts Centre Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A F Wells

Director

15/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

NLR Parts Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14010762 . The registered office is Northgate House, North Gate, New Basford, Nottingham, NG7 7BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

33.33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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NLR Parts Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	5,903

As at 31 March 2025	5,903

Depreciation
As at 1 April 2024	3,936
Provided during the period	1,967

As at 31 March 2025	5,903

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	1,967

5. Stocks

	2025	2024
	£	£
Finished goods	133,996	67,848

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	11,776	1,112
Other debtors	15,554	11,319

	27,330	12,431

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	19,929	38,893
Other creditors	147,472	68,607
Accruals and deferred income	1,350	1,250

	168,751	108,750

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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NLR Parts Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Related Party Transactions

NLR Parts Centre Limited, Auto Spares (Sutton) Limted and Continental Direct (UK) Limited are under common ownership.

During the year NLR Parts Centre Limited purchased goods to the value of £138,300 (2024: £Nil) from Continental Direct (UK) Limited. At the year end it owed £20,000 (2024: £Nil) to Continental Direct (UK) Limited.

During the year NLR Parts Centre Limited received finance from Auto Spares (Sutton) Limited to enable it to trade. At the year end it owed £147,142 (2024: £68,607) to Auto Spares (Sutton) Limited.

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