Company registration number 07165606 (England and Wales)
CHURCHILL MOTORS (POTTERSPURY) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
CHURCHILL MOTORS (POTTERSPURY) LIMITED
COMPANY INFORMATION
Directors
Mr A Churchill
Mrs K Churchill
Company number
07165606
Registered office
Moreton House
31 High Street
Buckingham
United Kingdom
MK18 1NU
Accountants
Xeinadin
Moreton House
31 High Street
Buckingham
Buckinghamshire
UK
MK18 1NU
CHURCHILL MOTORS (POTTERSPURY) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CHURCHILL MOTORS (POTTERSPURY) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
113,750
130,000
Tangible assets
4
107,537
120,967
221,287
250,967
Current assets
Stocks
417,607
262,420
Debtors
5
4,499
16,960
Cash at bank and in hand
438,384
531,473
860,490
810,853
Creditors: amounts falling due within one year
6
(443,159)
(431,549)
Net current assets
417,331
379,304
Total assets less current liabilities
638,618
630,271
Creditors: amounts falling due after more than one year
7
(70,881)
(85,549)
Provisions for liabilities
(2,169)
(5,526)
Net assets
565,568
539,196
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
564,568
538,196
Total equity
565,568
539,196
CHURCHILL MOTORS (POTTERSPURY) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 January 2026 and are signed on its behalf by:
Mr A Churchill
Mrs K Churchill
Director
Director
Company registration number 07165606 (England and Wales)
CHURCHILL MOTORS (POTTERSPURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Churchill Motors (Potterspury) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moreton House, 31 High Street, Buckingham, United Kingdom, MK18 1NU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
no depreciation charge in the year
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CHURCHILL MOTORS (POTTERSPURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
CHURCHILL MOTORS (POTTERSPURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
325,000
Amortisation and impairment
At 1 May 2024
195,000
Amortisation charged for the year
16,250
At 30 April 2025
211,250
Carrying amount
At 30 April 2025
113,750
At 30 April 2024
130,000
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024
98,862
50,039
4,927
16,707
75,200
245,735
Disposals
-
0
(27,533)
(1,175)
(13,422)
(75,200)
(117,330)
At 30 April 2025
98,862
22,506
3,752
3,285
-
0
128,405
Depreciation and impairment
At 1 May 2024
-
0
38,086
3,734
15,369
67,579
124,768
Depreciation charged in the year
-
0
1,281
161
169
-
0
1,611
Eliminated in respect of disposals
-
0
(24,118)
(1,054)
(12,760)
(67,579)
(105,511)
At 30 April 2025
-
0
15,249
2,841
2,778
-
0
20,868
Carrying amount
At 30 April 2025
98,862
7,257
911
507
-
0
107,537
At 30 April 2024
98,862
11,953
1,193
1,338
7,621
120,967
CHURCHILL MOTORS (POTTERSPURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
540
13,507
Other debtors
3,959
3,453
4,499
16,960
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
31,712
33,550
Corporation tax
21,702
9,375
Other taxation and social security
9,803
6,658
Other creditors
379,942
381,966
443,159
431,549
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
70,881
85,549
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