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Company Registration No. 1929266 (England and Wales)
Ron Young (Motors) Limited Unaudited accounts for the year ended 31 August 2025
Ron Young (Motors) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ron Young (Motors) Limited Company Information for the year ended 31 August 2025
Director
A R Breeds
Company Number
1929266 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Ron Young (Motors) Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
25,310
31,652
Current assets
Inventories
14,109
17,539
Debtors
5
22,819
18,585
Cash at bank and in hand
148,091
587,252
185,019
623,376
Creditors: amounts falling due within one year
6
(118,115)
(88,103)
Net current assets
66,904
535,273
Total assets less current liabilities
92,214
566,925
Provisions for liabilities
Deferred tax
(6,328)
(7,914)
Net assets
85,886
559,011
Capital and reserves
Called up share capital
7
1,000
1,000
Share premium
20,750
20,750
Profit and loss account
64,136
537,261
Shareholders' funds
85,886
559,011
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2026 and were signed on its behalf by
A R Breeds Director Company Registration No. 1929266
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Ron Young (Motors) Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Ron Young (Motors) Limited is a private company, limited by shares, registered in England and Wales, registration number 1929266. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Ron Young (Motors) Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
153,833
13,307
167,140
At 31 August 2025
153,833
13,307
167,140
Depreciation
At 1 September 2024
122,411
13,077
135,488
Charge for the year
6,285
57
6,342
At 31 August 2025
128,696
13,134
141,830
Net book value
At 31 August 2025
25,137
173
25,310
At 31 August 2024
31,422
230
31,652
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,697
8,656
Accrued income and prepayments
17,069
9,929
Other debtors
53
-
22,819
18,585
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
37,225
31,944
Taxes and social security
75,862
52,571
Other creditors
3,013
688
Accruals
2,015
2,900
118,115
88,103
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Operating lease commitments
2025
2024
£
£
At 31 August 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
39,472
35,668
Later than one year and not later than five years
6,375
34,691
45,847
70,359
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Ron Young (Motors) Limited Notes to the Accounts for the year ended 31 August 2025
9
Controlling party
The company's entire share capital was acquired by ARB Automotive Group Ltd on 4 October 2024. ARB Automotive Group Ltd is a private limited company incorporated in the United Kingdom. The ultimate controlling party of ARB Automotive Group Ltd is A Breeds.
10
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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