REGISTERED NUMBER: 06319682 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

M C R VEHICLE SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Chalk Esq

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

REGISTERED NUMBER:

06319682 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

90,960

106,202

90,960

106,202

CURRENT ASSETS

Stocks

117,181

289,326

Debtors

6

36,401

54,062

Cash at bank and in hand

23,907

27,242

177,489

370,630

CREDITORS

Amounts falling due within one year

7

164,292

291,143

NET CURRENT ASSETS

13,197

79,487

TOTAL ASSETS LESS CURRENT LIABILITIES

104,157

185,689

CREDITORS

Amounts falling due after more than one year

8

(47,020

)

(65,263

)

PROVISIONS FOR LIABILITIES

(11,791

)

-

NET ASSETS

45,346

120,426

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

45,345

120,425

SHAREHOLDERS' FUNDS

45,346

120,426

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

M J Chalk Esq - Director

1.	STATUTORY INFORMATION

M C R VEHICLE SALES 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.

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 2008, is being amortised evenly over its estimated useful life of five 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.

Equipment

-

25% on reducing balance

Motor vehicles

-

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.

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

9,500

AMORTISATION

At 1 April 2024

and 31 March 2025

9,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Motor

property

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

28,900

135,234

36,947

201,081

Additions

-

1,931

11,000

12,931

At 31 March 2025

28,900

137,165

47,947

214,012

DEPRECIATION

At 1 April 2024

-

64,597

30,282

94,879

Charge for year

-

23,757

4,416

28,173

At 31 March 2025

-

88,354

34,698

123,052

NET BOOK VALUE

At 31 March 2025

28,900

48,811

13,249

90,960

At 31 March 2024

28,900

70,637

6,665

106,202

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,500

42,500

Other debtors

3,901

11,562

36,401

54,062

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,403

22,649

Hire purchase contracts (see note 9)

4,167

-

Trade creditors

98,477

168,917

Taxation and social security

8,591

8,841

Other creditors

37,654

90,736

164,292

291,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

16,891

Hire purchase contracts (see note 9)

5,306

-

Other creditors

38,381

48,372

47,020

65,263

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

19,282

19,282

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

4,167

-

Between one and five years

5,306

-

9,473

-

The above hire purchase contracts are at a market rate of interest. Further interest of £1,302 will be payable on these contracts, of which £504 is due within 1 year.

Non-cancellable

operating leases

2025

2024

£

£

Within one year

6,125

10,500

Between one and five years

-

6,125

6,125

16,625

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

16,135

36,190

A bank loan of £4,469 at the Balance Sheet date is personally guaranteed by the director.

11.	OTHER FINANCIAL COMMITMENTS

The company has loans at a market rate of interest. Further interest of £9,069 will be payable, of which £3,398 is due within 1 year.

12.	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

£

£

M J Chalk Esq

Balance outstanding at start of year

14,072

23,579

Amounts repaid

(13,954

)

(9,507

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

118

14,072