REGISTERED NUMBER: 10415700 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Car Works (Herts) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

5,000

7,500

Tangible assets

5

37,854

37,051

42,854

44,551

CURRENT ASSETS

Stocks

21,716

28,879

Debtors

6

279,967

248,658

Cash at bank and in hand

-

263

301,683

277,800

CREDITORS

Amounts falling due within one year

7

271,692

267,852

NET CURRENT ASSETS

29,991

9,948

TOTAL ASSETS LESS CURRENT LIABILITIES

72,845

54,499

CREDITORS

Amounts falling due after more than one year

8

93,099

54,887

NET LIABILITIES

(20,254

)

(388

)

RESERVES

Retained earnings

(20,254

)

(388

)

(20,254

)

(388

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

J O'Sullivan - Director

1.	STATUTORY INFORMATION

The Car Works (Herts) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10415700

Registered office:

Unit 3, Site 2

Northbridge Road

Berkhamstead

HP4 1EH

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.

Plant and machinery etc

-

25% on reducing balance and 15% 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

25,000

AMORTISATION

At 1 April 2024

17,500

Charge for year

2,500

At 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

5,000

At 31 March 2024

7,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

125,327

Additions

10,965

Disposals

(2,600

)

At 31 March 2025

133,692

DEPRECIATION

At 1 April 2024

88,276

Charge for year

9,545

Eliminated on disposal

(1,983

)

At 31 March 2025

95,838

NET BOOK VALUE

At 31 March 2025

37,854

At 31 March 2024

37,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,645

5,093

Other debtors

270,322

243,565

279,967

248,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

142,494

105,711

Trade creditors

81,451

120,312

Taxation and social security

44,407

38,848

Other creditors

3,340

2,981

271,692

267,852

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

93,099

54,887

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J O'Sullivan

Balance outstanding at start of year

224,000

199,000

Amounts advanced

33,000

25,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

257,000

224,000