Camco Automotive Limited 31/03/2025 iXBRL

Company registration number: 06347930

Camco Automotive Limited

Unaudited filleted financial statements

31 March 2025

Camco Automotive Limited

Contents

Statement of financial position

Notes to the financial statements

Camco Automotive Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	32,504		33,537
		_______		_______
			32,504		33,537

Current assets
Stocks		298,315		263,499
Debtors	7	40,153		34,986
Cash at bank and in hand		2,325		15,237
		_______		_______
		340,793		313,722
Creditors: amounts falling due
within one year	8	( 147,012)		( 126,286)
		_______		_______
Net current assets			193,781		187,436
			_______		_______
Total assets less current liabilities			226,285		220,973

Creditors: amounts falling due
after more than one year	9		( 1,667)		( 13,036)
			_______		_______
Net assets			224,618		207,937
			_______		_______

Capital and reserves
Called up share capital			300		300
Profit and loss account			224,318		207,637
			_______		_______
Shareholders funds			224,618		207,937
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr B J Carter

Director

Company registration number: 06347930

Camco Automotive Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camco Automotive Limited, Unit 18, Taurus Park, Europa Boulevard, Warrington, WA5 7ZT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. There were no material departures from the standard.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. There have been no modifications to fair value basis.The presentation currency is £ sterling .

Turnover and revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax.Income is recognised when services have been provided and goods delivered to customers such that the risks and rewards of ownership have transferred to them.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is charged/(credited) in the Statement of Income and Retained Earnings.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.No provision has been made for deferred tax. This would normally have been provided on the liability method in respect of all timing differences between the treatment of certain items in the Accounts and their treatment for tax purposes at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply to the reversal of the timing difference.The amount involved is not material.

Operating leases

Lease payments are recognised as an expense over the lease term on a straght line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term on a straight line basis, except where the incentive was received on leases entered into before the date of transition to FRS 102, where the benefit is taken over a shorter period .

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10% %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants in relation to tangible assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Financial instruments

The following assets are classified as financial instruments - trade debtors, trade creditors, cash and bank accounts, and directors' loans. Cash and bank accounts are recorded at the amounts held on the reporting date. Trade creditors, trade debtors and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. These particular assets are assessed at the end of each reporting period for objective evidence of impairment. If this is found to exist, an impairment loss is charged to the Statement of Income and Retained Earnings.

Defined contribution pension plans

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	100,000	100,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	100,000	100,000
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	85,990	63,550	149,540
Additions	8,541	-	8,541
	_______	_______	_______
At 31 March 2025	94,531	63,550	158,081
	_______	_______	_______
Depreciation
At 1 April 2024	68,533	47,471	116,004
Charge for the year	5,553	4,020	9,573
	_______	_______	_______
At 31 March 2025	74,086	51,491	125,577
	_______	_______	_______
Carrying amount
At 31 March 2025	20,445	12,059	32,504
	_______	_______	_______
At 31 March 2024	17,457	16,079	33,536
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	34,406	28,339
Other debtors	5,747	6,647
	_______	_______
	40,153	34,986
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	36,162	35,191
Corporation tax	46,531	37,695
Social security and other taxes	30,084	26,614
Other creditors	24,235	16,786
	_______	_______
	147,012	126,286
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,667	11,667
Other creditors	-	1,369
	_______	_______
	1,667	13,036
	_______	_______

10. Directors' advances, credits and guarantees

During the year the directors received advances from the company, which are interest free, repayable on demand and classified under other debtors. The balance owed by the Directors at the beginning of the year was £1,947 (2024 £4,949). Advances during the year were £2,789 (2024 £2,598). Amounts repaid were £2,600 (2024 £5, 600). The balance owed to the company at the end of the year was £2,136 (2024 £1,947).