The Hertford Car Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08204895 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2025

FOR

THE HERTFORD CAR COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Raymond Pryor

REGISTERED OFFICE:

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

08204895 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

60,426

19,098

60,426

19,098

CURRENT ASSETS

Stocks

6

2,439,039

2,197,309

Debtors

7

8,524

10,038

Cash at bank and in hand

94,951

127,315

2,542,514

2,334,662

CREDITORS

Amounts falling due within one year

8

1,612,952

1,618,715

NET CURRENT ASSETS

929,562

715,947

TOTAL ASSETS LESS CURRENT
LIABILITIES

989,988

735,045

CAPITAL AND RESERVES

Called up share capital

115

Retained earnings

989,873

734,930

SHAREHOLDERS' FUNDS

989,988

735,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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 17 December 2025 and were signed by:

Mr Raymond Pryor - Director

1.	STATUTORY INFORMATION

The Hertford Car Company 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 2012, 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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 period 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.

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 period was 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 31 March 2025

10,000

AMORTISATION

At 1 October 2023

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 October 2023

39,764

25,223

44,945

4,755

114,687

Additions

-

24,290

53,220

3,787

81,297

At 31 March 2025

39,764

49,513

98,165

8,542

195,984

DEPRECIATION

At 1 October 2023

37,939

17,287

36,056

4,307

95,589

Charge for period

1,067

15,249

21,334

2,319

39,969

At 31 March 2025

39,006

32,536

57,390

6,626

135,558

NET BOOK VALUE

At 31 March 2025

758

16,977

40,775

1,916

60,426

At 30 September 2023

1,825

7,936

8,889

448

19,098

6.

STOCKS

2025

2023

£

Stocks

2,439,039

2,197,309

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Trade debtors

(53,928

)

(38,563

)

Other debtors

42,051

28,200

Other debtors

20,401

8,524

10,038

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Other loans

-

174,654

Loan -Motonovo Re Electric Car

-

28,774

Trade creditors

63,525

391,054

Tax

88,455

115,856

Social security and other taxes

7,478

2,502

Pensions payable

228

-

VAT

12,970

11,779

Credit Card

13,073

168

Motonovo

456,447

402,311

Haydock stock finance

-

489,839

Hampshire Trust

188,028

-

Nextgear Capital

579,474

-

Directors' current accounts

200,649

28

Accrued expenses

2,625

1,750

1,612,952

1,618,715

The balance of £456,447 (2023: £402,311) represents a loan from Motonovo Finance. The loan is secured and bears interest.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2025 and the year ended 30 September 2023:

2025

2023

£

Mr Raymond Pryor

Balance outstanding at start of period

(28

)

(20

)

Amounts advanced

477,282

147,992

Amounts repaid

(677,902

)

(148,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(200,648

)

(28

)

10.	ULTIMATE CONTROLLING PARTY

It is the opinion of the director that R Pryor is the controlling party by virtue of his majority shareholding.