Company registration number: 02493815
Unaudited financial statements
for the year ended 30 April 2025
for
Downside Motors Limited
Pages for filing with the Registrar
Company registration number: 02493815
Downside Motors Limited
Balance sheet
as at 30 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 6,404 7,065
6,404 7,065
Current assets
Stocks 475,235 452,012
Debtors 38,289 4,870
Cash at bank and in hand 37,587 87,010
551,111 543,892
Creditors: amounts falling due within one
year 		(321,854) (304,544)
Net current assets 229,257 239,348
Total assets less current liabilities 235,661 246,413
Creditors: Amounts falling due after more
than one year 		(40,027) (65,043)
NET ASSETS 195,634 181,370
Capital and reserves
Called up share capital 100 100
Profit and loss account 195,534 181,270
TOTAL EQUITY 195,634 181,370
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02493815
Downside Motors Limited
Balance sheet - continued
as at 30 April 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 December 2025 and signed on its behalf by:
Mr G Giles, Director
23 December 2025
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Downside Motors Limited
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
Downside Motors Limited is a private company registered in England and Wales. Its registered number is 02493815. The company is limited by shares. Its registered office is 31 West Buildings, Worthing, West Sussex, BN11 3BS.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% 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.
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Downside Motors Limited
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2024 20,739
Additions 469
At 30 April 2025 21,208
Depreciation
At 1 May 2024 13,674
Charge for year 1,130
At 30 April 2025 14,804
Net book value
At 30 April 2025 6,404
At 30 April 2024 7,065
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