Registration number: 14637500

New Forest Car Sales Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

New Forest Car Sales Limited

Company Information

Director

Mr Phillip Tegg

Registered office

Jubilee Hall The Square Fawley Southampton Hampshire SO45 1DD

Accountants

Crunchwise Accountants Ltd Director Generals House 15 Rockstone Place Southampton SO15 2EP

New Forest Car Sales Limited

(Registration number: 14637500)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,638	3,012
Current assets
Stocks	5	201,811	211,304
Debtors	6	1,625	1,094
Cash at bank and in hand		14,456	7,350
		217,892	219,748
Creditors: Amounts falling due within one year	7	(288,999)	(234,002)
Net current liabilities		(71,107)	(14,254)
Total assets less current liabilities		(68,469)	(11,242)
Provisions for liabilities		(572)	(572)
Net liabilities		(69,041)	(11,814)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(69,141)	(11,914)
Shareholders' deficit		(69,041)	(11,814)

New Forest Car Sales Limited

(Registration number: 14637500)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 December 2025
 

......................................... Mr Phillip Tegg Director

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Jubilee Hall The Square
Fawley
Southampton
Hampshire
SO45 1DD

These financial statements were authorised for issue by the director on 30 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 2).

4	Tangible assets

	Long leasehold land and buildings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	2,658	852	280	3,790
Additions	-	440	-	440
At 31 March 2025	2,658	1,292	280	4,230
Depreciation
At 1 April 2024	532	190	56	778
Charge for the year	531	227	56	814
At 31 March 2025	1,063	417	112	1,592
Carrying amount
At 31 March 2025	1,595	875	168	2,638
At 31 March 2024	2,126	662	224	3,012

Included within the net book value of land and buildings above is £1,595 (2024 - £2,127) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	201,811	211,304

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	700	-
Prepayments	925	1,094
	1,625	1,094

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		62,187	76,001
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	122,460	139,746
Taxation and social security		6,562	948
Accruals and deferred income		3,249	1,441
Other creditors		94,541	15,866
		288,999	234,002

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	100	100	100	100

9	Related party transactions

Summary of transactions with parent

During the period, the balance on the interest-free loan from the company’s parent company, Trust Tegg Group Limited, increased from £11,200 to £33,750. The loan is repayable on demand. The balance represents financial support provided by the parent company to assist the company in meeting its operational requirements.

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Summary of transactions with subsidiaries

Tegg Motor Company Limited On 31 March 2023, an interest-free loan of £20,000 was received from a fellow group company, Tegg Motor Company Limited. The loan is repayable on demand. As part of a group restructuring, under which the original business was separated into a car repair garage and a car sales company, stock assets were transferred to the company on 1 April 2023 at market value. This transfer resulted in an increase in the loan balance at the start of the prior year. As at 31 March 2025, the outstanding loan balance was £111,094 (2024: £139,961). During the year, the company received car repair services from Tegg Motor Company Limited on an arm’s length basis. The total cost of these services amounted to £43,483. In addition, costs of £1,377 were recharged by Tegg Motor Company Limited. As at 31 March 2025, the amount owed by the company to Tegg Motor Company Limited in respect of these trading transactions was £4,586, which is included within trade payables.

Trust Tegg Limited During the period, the company provided funds to the head office subsidiary to cover shared administrative and operational expenses on behalf of the group. These funds have been recorded as an intercompany loan, with a balance of £22,384 receivable from the head office subsidiary at the period end. The loan is interest-free, unsecured, and repayable on demand. This transaction is classified as a related party transaction as it involves entities under common control within the group.

Loans to related parties

2025	Subsidiary £	Total £
At start of period	11,415	11,415
Advanced	42,200	42,200
Repaid	(31,231)	(31,231)
At end of period	22,384	22,384

2024	Subsidiary £	Total £
Advanced	11,415	11,415
At end of period	11,415	11,415

Loans from related parties

2025	Parent £	Subsidiary £	Total £
At start of period	11,200	139,961	151,161
Advanced	95,450	2,252	97,702
Repaid	(72,900)	(31,119)	(104,019)
At end of period	33,750	111,094	144,844

New Forest Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	Parent £	Subsidiary £	Total £
Advanced	11,200	139,961	151,161
At end of period	11,200	139,961	151,161

10	Parent and ultimate parent undertaking

The company's immediate parent is Trust Tegg Group Limited, incorporated in England and Wales.