REGISTERED NUMBER: 10674068 (England and Wales)

Sussex Automotive Centres Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J M Geoghegan

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

10674068 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

50,559

67,412

Tangible assets

5

83,706

99,954

134,265

167,366

CURRENT ASSETS

Stocks

4,300

2,000

Debtors

6

88,826

117,665

Cash at bank and in hand

29,309

29,402

122,435

149,067

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

142,860

141,800

NET CURRENT (LIABILITIES)/ASSETS

(20,425

)

7,267

TOTAL ASSETS LESS CURRENT LIABILITIES

113,840

174,633

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(100,405

)

(106,505

)

PROVISIONS FOR LIABILITIES

(7,454

)

(10,202

)

NET ASSETS

5,981

57,926

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

5,881

57,826

SHAREHOLDERS' FUNDS

5,981

57,926

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr J M Geoghegan - Director

1.	STATUTORY INFORMATION

Sussex Automotive Centres 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 represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

- straight line over 15 years

Plant and machinery

- 25% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 25% 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 year comprises current and deferred tax. 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 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 contributes to its employees' personal pension schemes. Contributions payable to these pension schemes are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

168,530

AMORTISATION

At 1 April 2024

101,118

Charge for year

16,853

At 31 March 2025

117,971

NET BOOK VALUE

At 31 March 2025

50,559

At 31 March 2024

67,412

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

79,855

111,874

8,485

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

79,855

111,874

8,485

DEPRECIATION

At 1 April 2024

23,696

81,067

5,292

Charge for year

5,323

7,707

799

Eliminated on disposal

-

-

-

At 31 March 2025

29,019

88,774

6,091

NET BOOK VALUE

At 31 March 2025

50,836

23,100

2,394

At 31 March 2024

56,159

30,807

3,193

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

14,121

14,341

228,676

Additions

600

-

600

Disposals

(3,100

)

-

(3,100

)

At 31 March 2025

11,621

14,341

226,176

DEPRECIATION

At 1 April 2024

9,870

8,797

128,722

Charge for year

1,075

1,393

16,297

Eliminated on disposal

(2,549

)

-

(2,549

)

At 31 March 2025

8,396

10,190

142,470

NET BOOK VALUE

At 31 March 2025

3,225

4,151

83,706

At 31 March 2024

4,251

5,544

99,954

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,764

11,312

Other debtors

79,062

106,353

88,826

117,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

56,294

62,661

Taxation and social security

19,293

12,650

Other creditors

57,273

56,489

142,860

141,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

Other creditors

98,738

94,838

100,405

106,505

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had outstanding operating lease commitments totalling £393,450 (2024 - £430,050).

11.	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:

2025

2024

£

£

Mr J M Geoghegan

Balance outstanding at start of year

31,444

(322

)

Amounts advanced

18,398

49,358

Amounts repaid

(31,349

)

(17,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,493

31,444

The loan is unsecured and repayable on demand. Interest has been charged at HMRC's official interest rate of 2.25% and amounted to £213 for the year (2024 - £284).

12.	RELATED PARTY DISCLOSURES

At the balance sheet date a shareholder with a participating interest owed the company £31,412 (2024 - £50,704). Interest has been charged at HMRC's official interest rate of 2.25% and amounted to £558 for the year (2024 - £460).

During the year the company paid £30,000 dividends to the director (2024 - £nil).