REGISTERED NUMBER: 07603266 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

H & M Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V H J Holland

Mrs M Holland

D Milner

Mrs R Milner

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

TAUNTON

Somerset

TA1 2PX

REGISTERED NUMBER:

07603266 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

128,347

105,068

128,347

105,068

CURRENT ASSETS

Stocks

7,125

8,691

Debtors

6

136,720

243,639

Cash at bank

12,602

12,985

156,447

265,315

CREDITORS

Amounts falling due within one year

7

124,361

104,700

NET CURRENT ASSETS

32,086

160,615

TOTAL ASSETS LESS CURRENT LIABILITIES

160,433

265,683

CREDITORS

Amounts falling due after more than one year

8

(37,731

)

(22,501

)

PROVISIONS FOR LIABILITIES

(31,195

)

(29,968

)

NET ASSETS

91,507

213,214

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

90,507

212,214

SHAREHOLDERS' FUNDS

91,507

213,214

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 directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

V H J Holland - Director

D Milner - Director

1.	STATUTORY INFORMATION

H & M Motors 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 2011, is being amortised evenly over its estimated useful life of twenty 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 year was 11 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

109,378

10,957

71,060

8,011

199,406

Additions

13,232

1,016

48,570

-

62,818

Disposals

-

-

(33,000

)

-

(33,000

)

At 31 March 2025

122,610

11,973

86,630

8,011

229,224

DEPRECIATION

At 1 April 2024

41,330

5,851

40,780

6,377

94,338

Charge for year

12,192

919

14,435

409

27,955

Eliminated on disposal

-

-

(21,416

)

-

(21,416

)

At 31 March 2025

53,522

6,770

33,799

6,786

100,877

NET BOOK VALUE

At 31 March 2025

69,088

5,203

52,831

1,225

128,347

At 31 March 2024

68,048

5,106

30,280

1,634

105,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

74,916

189,083

Other debtors

604

-

Directors' current accounts

49,363

50,556

Tax

676

-

Prepayments and accrued income

11,161

4,000

136,720

243,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,464

10,208

Hire purchase contracts

2,682

5,881

Trade creditors

44,711

52,908

Tax

25,801

15,406

Social security and other taxes

-

4,169

VAT

25,547

7,234

Other creditors

1,177

294

Accrued expenses

13,979

8,600

124,361

104,700

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,754

12,211

Hire purchase contracts

35,977

10,290

37,731

22,501

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

2025

2024

£

£

V H J Holland

Balance outstanding at start of year

4,336

11,284

Amounts advanced

61,243

14,676

Amounts repaid

(60,000

)

(21,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,579

4,336

Mrs M Holland

Balance outstanding at start of year

4,336

11,284

Amounts advanced

61,243

14,676

Amounts repaid

(60,000

)

(21,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,579

4,336

D Milner

Balance outstanding at start of year

24,921

24,677

Amounts advanced

79,835

24,882

Amounts repaid

(88,041

)

(24,638

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,715

24,921

Mrs R Milner

Balance outstanding at start of year

16,965

24,677

Amounts advanced

64,525

18,586

Amounts repaid

(60,000

)

(26,298

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,490

16,965