Auto Spares (Sutton) Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Balance Sheet	8
Statement of Changes in Equity	9
Statement of Cash Flows	10
Notes to the Statement of Cash Flows	11
Notes to the Financial Statements	12—20

The directors present their strategic report for the year ended 31 March 2025.

Review of the Business

Fair review of the business

The directors consider that the primary key performance indicators of the business are turnover , margins, net profit and net current assets.

The cash position remains strong within the business.

The directors consider that in the present economic climate the performance of the company is satisfactory and the directors continue to look to expand.

The company's key financial and other performance indicators during the year were as follows:-

Financial KPI's	Unit	2025	2024
Turnover	£	8.877,294	8,712,458
Margin	%	43	43
Net Profit	£	184,567	451,913
Net Assets	£	5,776,070	5,737,503

Principal Risks and Uncertainties

The principal risk of the business is related to the competitive nature of the industry. The directors are confident that safeguards are in place to prevent any serious impact that these risks may cause to the business.

On behalf of the board

Mr A F Wells

Director

24/12/2025

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Auto Spares (Sutton) Limited

Company No. 01083117

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of the wholesale and retail of motor factors.

Financial Instruments

Objectives and policies

The company's activities expose it to a number of financial risks including, price risk , credit risk , liquidity risk and cash flow risk

Price risk, credit risk , liquidity risk and cash flow risk

The business's principal financial instruments comprise bank balances, bank overdrafts, trade debtors and trade creditors. The main purpose of these instruments is to finance the operations of the business.

The company has a policy of not using hedging for any transactions to minimise its financial risk. The directors feel that exposure to price risk is minimal as goods are turned over quickly and prices are regularly reviewed, to ensure that they are competitive.

Trade debtors are managed in respect of credit and cash flow risk by the performance of credit checks on all new customers and the regular monitoring of amounts outstanding for both time and credit limits.The amounts presented in the balance sheet are net of allowances for doubtful debts.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Directors

The directors who held office during the year were as follows:

Mr A F Wells

Mrs C Wells

Mr A A Wells

Mrs N Wells-Vipond

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Auto Spares (Sutton) Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, TAG Assurance Services Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr A F Wells

Director

24/12/2025

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Independent Auditor's Report

to the Members of

Auto Spares (Sutton) Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Auto Spares (Sutton) Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Auto Spares (Sutton) Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISA's ( UK) we exercise professional judgement and maintain professional sceptism throughout the audit . We also:

Identify and assess the risks of material missstatement of the financial statements , whether due to fraud or error , design and perform audit procedures responsive to those risks , and obtain audit evidence that it is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion , forgery, intentional omissions , misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Auto Spares (Sutton) Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shaun Philpott FCA (Senior Statutory Auditor)

for and on behalf of TAG Assurance Services Limited , Statutory Auditor

24/12/2025

TAG Assurance Services Limited

8 Pendeford Place

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

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Auto Spares (Sutton) Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	8,877,794	8,712,458
Cost of sales		(5,093,289 )	(5,001,285 )

GROSS PROFIT		3,784,505	3,711,173

Administrative expenses		(3,311,529 )	(3,021,178 )
Other operating income		19,020	20,561

OPERATING PROFIT	5	491,996	710,556
(Loss)/profit on disposal of fixed assets		(22,188 )	27,287
Other interest receivable and similar income	10	73,449	42,435
Interest payable and similar charges	11	(291,961 )	(173,071 )

PROFIT BEFORE TAXATION		251,296	607,207
Tax on Profit	12	(66,729 )	(155,294 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		184,567	451,913

The notes on pages 11 to 20 form part of these financial statements.

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Auto Spares (Sutton) Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 01083117

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	14		1,161,378		1,198,414
Investment Properties	15		283,728		283,728
Investments	16		1,000		1,000

			1,446,106		1,483,142
CURRENT ASSETS
Stocks	17	1,140,188		1,322,482
Debtors	18	2,436,019		2,552,158
Cash at bank and in hand		2,116,276		1,655,304

		5,692,483		5,529,944
Creditors: Amounts Falling Due Within One Year	19	(1,202,002 )		(1,109,591 )

NET CURRENT ASSETS (LIABILITIES)			4,490,481		4,420,353

TOTAL ASSETS LESS CURRENT LIABILITIES			5,936,587		5,903,495

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(160,517 )		(165,992 )

NET ASSETS			5,776,070		5,737,503

CAPITAL AND RESERVES
Called up share capital	22		2,500		2,500
Profit and Loss Account			5,773,570		5,735,003

SHAREHOLDERS' FUNDS			5,776,070		5,737,503

On behalf of the board

Mr A F Wells

Director

24/12/2025

The notes on pages 11 to 20 form part of these financial statements.

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Auto Spares (Sutton) Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	2,500	5,471,090	5,473,590
Profit for the year and total comprehensive income	-	451,913	451,913

Dividends paid	-	(188,000)	(188,000)

As at 31 March 2024 and 1 April 2024	2,500	5,735,003	5,737,503


Profit for the year and total comprehensive income	-	184,567	184,567

Dividends paid	-	(146,000)	(146,000)

As at 31 March 2025	2,500	5,773,570	5,776,070

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Auto Spares (Sutton) Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,069,848	1,385,855
Interest paid		(291,961 )	(173,071 )
Tax paid		(102,977 )	(57,873 )

Net cash generated from operating activities		674,910	1,154,911

Cash flows from investing activities
Purchase of tangible assets		(181,387 )	(693,985 )
Proceeds from disposal of tangible assets		40,000	185,757
Interest received		73,449	42,435

Net cash used in investing activities		(67,938 )	(465,793 )

Cash flows from financing activities
Equity dividends paid		(146,000 )	(188,000 )



Increase in cash and cash equivalents		460,972	501,118
Cash and cash equivalents at beginning of year	2	1,655,304	1,154,186

Cash and cash equivalents at end of year	2	2,116,276	1,655,304

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Auto Spares (Sutton) Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	184,567	451,913
Adjustments for:
Tax on profit	66,729	155,294
Interest expense	291,961	173,071
Interest income	(73,449 )	(42,435 )
Depreciation of tangible assets	156,235	109,715
Loss/(profit) on disposal of tangible assets	22,188	(27,287)
Movements in working capital:
Decrease in stocks	182,294	132,698
Decrease in trade and other debtors	116,139	270,955
Increase in trade and other creditors	123,184	161,931

Net cash generated from operations	1,069,848	1,385,855

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	2,116,276	1,655,304

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	1,655,304	460,972	2,116,276

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Auto Spares (Sutton) Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Auto Spares (Sutton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01083117 . The registered office is New Cross Street, Sutton In Ashfield, Nottinghamshire, NG17 4EH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Leasehold	Over the period of the lease
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	25% straight line

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Taxation

The income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Turnover

The analysis of the company's turnover for the year from continuing operations is as follows:-

	2025	2024
	£	£
Sale of goods	8,877,794	8,712,458

4. Other Operating Income

	2025	2024
	£	£
Rental income	19,020	20,561

	19,020	20,561

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Operating lease rentals	-	7,085
Depreciation of tangible fixed assets	156,235	109,715

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	8,300	8,300


Other Services
Taxation compliance service	-	650
Other non-audit services	-	8,820

	-	9,470

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,856,906	1,697,055
Social security costs	147,109	130,312
Other pension costs	171,255	105,860

	2,175,270	1,933,227

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	10	10
Sales, marketing and distribution	76	75

	86	85

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	35,880	35,880
Company contributions to money purchase pension schemes	52,800	-

	88,680	35,880

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	1		2

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	38,839	29,435
Other interest receivable	34,610	13,000

	73,449	42,435

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	68,244	68,658
Other finance charges	223,717	104,413

	291,961	173,071

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	72,224	102,997
Prior period adjustment			(20 )	-

			72,204	102,997
Deferred Tax
Deferred taxation			(5,475 )	52,297


Total tax charge for the period			66,729	155,294


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			251,296	607,207

Tax on profit at 25% (UK standard rate)			61,620	151,802
Expenses not deductible for tax purposes			216	83
Capital allowances			10,388	(48,888 )
Prior period adjustment			(20 )	-
Deferred tax relating to changes in tax rates or laws			(5,475 )	52,297

Total tax charge for the period			66,729	155,294

13. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	68,500

As at 31 March 2025	68,500

Amortisation
As at 1 April 2024	68,500

As at 31 March 2025	68,500

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

14. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	467,134	255,425	87,015	565,202
Additions	17,159	-	-	109,428
Disposals	-	-	-	(92,253 )

As at 31 March 2025	484,293	255,425	87,015	582,377

Depreciation
As at 1 April 2024	33,775	225,076	84,603	279,612
Provided during the period	9,210	3,794	362	82,763
Disposals	-	-	-	(30,065 )

As at 31 March 2025	42,985	228,870	84,965	332,310

Net Book Value
As at 31 March 2025	441,308	26,555	2,050	250,067

As at 1 April 2024	433,359	30,349	2,412	285,590


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 April 2024	1,616,877	2,991,653
Additions	54,800	181,387
Disposals	-	(92,253 )

As at 31 March 2025	1,671,677	3,080,787

Depreciation
As at 1 April 2024	1,170,173	1,793,239
Provided during the period	60,106	156,235
Disposals	-	(30,065 )

As at 31 March 2025	1,230,279	1,919,409

Net Book Value
As at 31 March 2025	441,398	1,161,378

As at 1 April 2024	446,704	1,198,414

15. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	283,728

There has been no valuation of the investment property by an independent valuer.

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

16. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	1,000

As at 31 March 2025	1,000

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,000

As at 1 April 2024	1,000

Subsidiaries

Details of the company's subsidiaries as at 31 March 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Sutton Autospares Limited	England and Wales	Ordinary	100.00%	-

The principal activity of the company is that of a dormant company.

17. Stocks

	2025	2024
	£	£
Finished goods	1,140,188	1,322,482

18. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	687,847	709,225
Prepayments and accrued income	221,839	104,604
Other debtors	1,526,333	1,738,329

	2,436,019	2,552,158

19. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	917,568	768,749
Other creditors	10,367	11,314
Corporation tax	72,224	102,997
Taxation and social security	176,903	195,832
Accruals and deferred income	24,940	30,699

	1,202,002	1,109,591

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	160,517	165,992

21. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	165,992	165,992
Deferred taxation	(5,475 )	(5,475 )

Balance at 31 March 2025	160,517	160,517

22. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2,500 Ordinary Shares of £ 1.00 each	2,500	2,500

23. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	138,554	96,554
Later than one year and not later than five years	281,375	68,304
Later than five years	-	81,250

	419,929	246,108

24. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £171,255 (2024: £105,860).

At the balance sheet date contributions of £9,637 (2024: £0) were due to the fund and are included in creditors.

25. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	146,000	188,000

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Auto Spares (Sutton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

26. Related Party Disclosures

Auto Spares (Sutton) Limited, Continental Direct UK Limited and NLR Parts Centre Limited are under common ownership.

During the year Auto Spares (Sutton) Limited purchased goods to the value of £803,975 (2024: £654,009) from Continental Direct UK Limited.

At the year end the company was owed £799,428 (2024: £2,015,629) by Continental Direct UK Limited.

During the year Auto Spares (Sutton) Limited provided finance to NLR Parts Centre Limited to enable it to trade.

At the year end it was owed £147,472 (2024: £68,607) by NLR Parts Centre Limited.

The directors of Auto Spares (Sutton) Limited are trustees of the Autospares Retirement Benefit Scheme.

Auto Spares (Sutton) Limited has made a loan to the Autospares Retirement Benefit Scheme. During the year it received interest of £33,667 (2024: £13,000).

At the year end the loan balanceowed was £366,667 (2024: £446,667).

In addition Auto Spares (Sutton) Limited paid rent of £166,623 (2024: £155,749) to Autospares Retirement Benefit Scheme.

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