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Registered number: 01392480
Rockingham Cars Limited
Financial Statements
For The Year Ended 31 October 2025
Rockingham Cars Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—9

Page 1
Rockingham Cars Limited
Statement of Financial Position
As At 31 October 2025
Statement of Financial Position
Registered number: 01392480

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,208,541 |  | 1,183,219
|  |  | 1,208,541 |  | 1,183,219
CURRENT ASSETS
Stocks | 5 | 2,936,319 |  | 2,612,834 |
Debtors | 6 | 336,051 |  | 438,804 |
Cash at bank and in hand |  | 122,203 |  | 10,613 |
|  | 3,394,573 |  | 3,062,251 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,193,082 ) |  | (2,836,851 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 201,491 |  | 225,400
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,410,032 |  | 1,408,619
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (61,954 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (125,551 ) |  | (125,893 )
NET ASSETS |  |  | 1,284,481 |  | 1,220,772
CAPITAL AND RESERVES
Called up share capital | 11 |  | 36,500 |  | 36,500
Capital redemption reserve |  |  | 63,500 |  | 63,500
Income Statement |  |  | 1,184,481 |  | 1,120,772
SHAREHOLDERS' FUNDS |  |  | 1,284,481 |  | 1,220,772

Page 1
Page 2
Rockingham Cars Limited
Statement of Financial Position (continued)
As At 31 October 2025
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr M D Hall Director
5th March 2026

The notes on pages 4 to 9 form part of these financial statements.
Page 2
Page 3
Rockingham Cars Limited
Statement of Changes in Equity
For The Year Ended 31 October 2025
Statement of Changes in Equity

| Share Capital | Capital Redemption | Income Statement | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 1 November 2023 | 36,500 | 63,500 | 1,139,754 | 1,239,754
Profit for the year and total comprehensive income | - | - | 41,018 | 41,018
Dividends paid | - | - | (60,000) | (60,000)
As at 31 October 2024 and 1 November 2024 | 36,500 | 63,500 | 1,120,772 | 1,220,772
Profit for the year and total comprehensive income | - | - | 133,709 | 133,709
Dividends paid | - | - | (70,000) | (70,000)
As at 31 October 2025 | 36,500 | 63,500 | 1,184,481 | 1,284,481

Page 3
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Rockingham Cars Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Rockingham Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01392480 . The registered office, and principal place of business, is Cockerell Road, Phoenix Parkway, Corby, Northants, NN17 5DU.
The principal activity of the company is that of a motor dealer and the provision of related services.
The presentational currency of the financial statements is Pound sterling (£).
Amounts in these financial statements are rounded up to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities at the reporting date and the amounts reported for revenues and expenditure during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The following judgments have had the most significant effect on amounts recognised in the financial statements:-
Consignment stock
Vehicles held on consignment have been included in 'stock - vehicles' within 'stocks' on the basis that the company has determined that it holds the significant risks and rewards attached to these vehicles. As such, the consignment stock is considered to be under the control of the company.
Stock valuation
Stock valuation is regularly monitored against age profile and market demand. Management use a number of market tools during the appraisal process including CAP valuation guides. The director maintains oversight of aged stock profiles and performs a monthly review for any provision required.
Property, plant and equipment
Property, plant and equipment are reviewed for impairment if events or circumstances indicate that the carrying value may not be recoverable. When an impairment review is carried out the recoverable value is determined based on value in use calculations which require estimates to be made of future cash flows. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Brand incentives
The company receives income in the form of various incentives which are determined by the company's brand partners. The amount receivable is generally based on achieving specific objectives such as a specified sales volume, as well as other objectives including maintaining brand partner standards which may include, but are not limited to, retail centre image and design requirements, customer satisfaction survey results and training standards. Objectives are generally set and measured on either a quarterly or annual basis.
Where incentives are based on a specific sales volume or number of registrations, the related income is recognised as a reduction in cost of sales when it is reasonably certain that the income has been earned. This is generally the later of the date the related vehicles are sold or registered or when it is reasonably certain that the related target will be met. Where incentives are linked to retail centre image and design requirements, customer satisfaction survey results or training standards, they are recognised as a reduction in cost of sales when it is reasonably certain that the incentive will be received for the relevant period.
The company may also receive contributions towards advertising, promotional and rent expenditure. Where such contributions are received, they are recognised as a reduction in the related expenditure in the period to which they relate.
Page 4
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Rockingham Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.4. Turnover
Turnover from the sale of goods and the provision of services is recognised in the Income Statement, net of discounts and Value Added Tax, when the significant risks and rewards of ownership have been transferred to the buyer. In general this occurs when vehicles or parts have been supplied or when a service has been completed.
Commission
Commission income is recorded in Other operating income and is accounted for on a receivable basis.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the company assesses whether there is an indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The company adds to the carrying amount of an item in fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Income Statement during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of the assets less their residual value, over their estimated useful lives.
Depreciation is provided on the following bases:

Freehold | 2% on cost
Plant & Machinery | 15% on reducing balance and 20% straight line
Motor Vehicles | Between 18% and 25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the Income Statement.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.
Page 5
Page 6
Rockingham Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.8. Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement except that a charge attributable to an item of income or expense recognised as Other Comprehensive Income or to an item recognised directly in Equity, is recognised in Other Comprehensive Income or Equity respectively.
The current tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

- The recognition of a deferred tax asset is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
- Deferred tax balances are not recognised in respect of permanent differences.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
2.9. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
2.10. Finance costs
Finance costs are charged to the Income Statement over the term of the debt on a straight line basis.
2.11. Financial instruments
Debtors
Short term debtors are stated at the transaction price less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at amortised cost.
2.12. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2024: 31)
29 31
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Total
| £ | £ | £ | £
Cost
As at 1 November 2024 | 1,196,105 | 911,779 | 231,120 | 2,339,004
Additions | - | 63,478 | 60,459 | 123,937
Disposals | - | - | (46,726 ) | (46,726 )
As at 31 October 2025 | 1,196,105 | 975,257 | 244,853 | 2,416,215

...CONTINUED
Page 6
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Rockingham Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024 | 307,361 | 752,582 | 95,842 | 1,155,785
Provided during the period | 17,076 | 38,894 | 37,246 | 93,216
Disposals | - | - | (41,327 ) | (41,327 )
As at 31 October 2025 | 324,437 | 791,476 | 91,761 | 1,207,674
Net Book Value
As at 31 October 2025 | 871,668 | 183,781 | 153,092 | 1,208,541
As at 1 November 2024 | 888,744 | 159,197 | 135,278 | 1,183,219

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows (depreciation charged thereon was £23,976 - 2024: £9,996):

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 58,449 |  | 82,425

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock - vehicles | 2,876,912 |  | 2,559,745
Stock - parts | 59,407 |  | 53,089
| 2,936,319 |  | 2,612,834

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 163,405 |  | 311,235
Other debtors | 172,646 |  | 127,569
| 336,051 |  | 438,804

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 61,954 |  | 6,736
Trade creditors | 2,626,401 |  | 2,286,845
Bank loans and overdrafts | - |  | 171,184
Other loan | 100,000 |  | 100,000
Corporation tax | 34,722 |  | 28,671
Other taxes and social security | 117,599 |  | 89,093
Other creditors | 252,406 |  | 154,322
| 3,193,082 |  | 2,836,851

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 61,954

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Rockingham Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
9. Secured Creditors
Of the creditors the following amounts are secured:-
Net obligations under finance lease and hire purchase contracts are secured on the motor vehicle to which it relates.
Secured trade creditors represent vehicle funding which is secured on the vehicle stocks to which it relates.
Bank loans and overdrafts were secured by the company's freehold property at Cockerell Road, Corby and debentures over the company’s assets.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 61,954 |  | 68,690
Trade Creditors | 2,305,403 |  | 1,970,045
Bank loans and overdrafts | - |  | 171,184

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 61,954 |  | 6,736
Later than one year and not later than five years | - |  | 61,954
| 61,954 |  | 68,690
| 61,954 |  | 68,690

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
22,500 Ordinary A shares of £ 1.00 each | 22,500 |  | 22,500
5,000 Ordinary B shares of £ 1.00 each | 5,000 |  | 5,000
9,000 Ordinary C shares of £ 1.00 each | 9,000 |  | 9,000
| 36,500 |  | 36,500

All shares rank pari passu except that dividends may be paid at different rates on one or more classes of share to the exclusion of other classes.
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are £37,052 (2024: £65,203).
13. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The contributions to the scheme during the year amounted to £46,177 (2024: £36,336). At the statement of financial position date unpaid contributions of £9,014 (2024: £6,480) were due to the fund.
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Rockingham Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
14. Reserves

| Capital Redemption | Income Statement
--- | --- | ---
| £ | £
As at 1 November 2024 | 63,500 | 1,120,772
Profit for the year and total comprehensive income | - | 133,709
Dividends paid | - | (70,000)
As at 31 October 2025 | 63,500 | 1,184,481

Capital redemption reserve
This reserve records the nominal value of shares repurchased by the company.
Profit and loss account
This reserve includes all current and prior period retained profits and losses, plus past revaluation gains released on transition to FRS102, less the premium paid on the purchase of own shares less any dividends paid.
15. Related Party Transactions
At the reporting date the company owed the director £9,457 (2024: £10,000). This is included in other creditors.
During the year dividends of £21,540 (2024: £nil) were paid to the director.
16. Audit Information
The auditor's report on the accounts of Rockingham Cars Limited for the year ended 31 October 2025 was unqualified.
The auditor's report was signed by Paul Allan Byrne (Double Hons) FCA (Senior Statutory Auditor) for and on behalf of Ascendis Audit Limited , Statutory Auditor.

Ascendis Audit Limited Unit 3 Building 2, The Colony Wilmslow Altrincham Road Wilmslow SK9 4LY

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