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Registration number: 14890331

Chambers Autos Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Chambers Autos Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Chambers Autos Ltd

Company Information

Directors | Chambers Direct Ltd Mr Harjit Chambers

Registered office | 20 Wenlock Road London N1 7GU

Accountants | Clever Accounts Limited Brookfield Court Selby Road Leeds LS25 1NB

Chambers Autos Ltd

(Registration number: 14890331)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 7,557 | 7,557
Debtors | 5 | 724 | 621
Cash at bank and in hand |  | 2 | 3
|  | 8,283 | 8,181
Creditors: Amounts falling due within one year | 6 | (11,954) | (10,283)
Total assets less current liabilities |  | (3,671) | (2,102)
Creditors: Amounts falling due after more than one year | 6 | (557) | -
Net liabilities |  | (4,228) | (2,102)
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | (4,229) | (2,103)
Shareholders' deficit |  | (4,228) | (2,102)

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

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Chambers Autos Ltd

(Registration number: 14890331)
Balance Sheet as at 31 May 2025

Approved and authorised by the Board on 5 February 2026 and signed on its behalf by:

.........................................

Mr Harjit Chambers
Director

Chambers Autos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
20 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 5 February 2026.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Chambers Autos Ltd

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Stocks

| 2025 £ | 2024 £
Other inventories | 7,557 | 7,557

Chambers Autos Ltd

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

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 724 | 621
| 724 | 621

Chambers Autos Ltd

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

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 120 | 120
Accruals and deferred income |  | 147 | 420
Other creditors |  | 11,687 | 9,743
|  | 11,954 | 10,283

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 557 | -

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 557 | -

9 | Related party transactions

Loans from related parties

Chambers Autos Ltd

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

2025 | Entities with joint control or significant influence £ | Other related parties £ | Total £
At start of period | 120 | 9,743 | 9,863
Advanced | - | 1,944 | 1,944
At end of period | 120 | 11,687 | 11,807

2024 | Entities with joint control or significant influence £ | Other related parties £ | Total £
Advanced | 120 | 9,743 | 9,863
At end of period | 120 | 9,743 | 9,863

Terms of loans from related parties

Included in other creditors is a loan advance of £120 (2024: £120) from Chambers Direct Ltd, a company which is a director and sole shareholder of the company.
The loan is interest free and repayable on demand.
Included in other creditors is a loan advance of £11,687 (2024: £9,743) from Mr H Chambers, a director of the company.
The loan is interest free and epayable on demand.