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Company Registration No. 11854178 (England and Wales)
Tiley Motors Limited Unaudited accounts for the year ended 31 March 2025
Tiley Motors Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Tiley Motors Limited Company Information for the year ended 31 March 2025
Director
Mrs Janie Richardson
Company Number
11854178 (England and Wales)
Registered Office
Vale Lane Bristol BS3 5SD
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tiley Motors Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tiley Motors Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 11 March 2026
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Tiley Motors Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
23,599
25,524
Current assets
Inventories
5
770,400
579,739
Debtors
6
158,250
317,832
Cash at bank and in hand
13,772
3,193
942,422
900,764
Creditors: amounts falling due within one year
7
(468,643)
(294,863)
Net current assets
473,779
605,901
Total assets less current liabilities
497,378
631,425
Creditors: amounts falling due after more than one year
8
(289,043)
(231,325)
Provisions for liabilities
Deferred tax
(4,484)
(4,849)
Net assets
203,851
395,251
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
203,751
395,151
Shareholders' funds
203,851
395,251
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 11 March 2026 and were signed on its behalf by
Mrs Janie Richardson Director Company Registration No. 11854178
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Tiley Motors Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Tiley Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 11854178. The registered office is Vale Lane, Bristol, BS3 5SD.
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
5 years straight line
Computer equipment
3 years straight line
Other tangible fixed assets
10 years straight line
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.
- 6 -
Tiley Motors Limited Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
13,261
56,218
5,000
74,479
Additions
-
7,425
-
7,425
At 31 March 2025
13,261
63,643
5,000
81,904
Depreciation
At 1 April 2024
3,315
41,267
4,373
48,955
Charge for the year
1,326
7,397
627
9,350
At 31 March 2025
4,641
48,664
5,000
58,305
Net book value
At 31 March 2025
8,620
14,979
-
23,599
At 31 March 2024
9,946
14,951
627
25,524
5
Inventories
2025
2024
£
£
Finished goods
770,400
579,739
770,400
579,739
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
90,925
Other debtors
-
73,354
-
164,279
Amounts falling due after more than one year
Other debtors
158,250
153,553
- 7 -
Tiley Motors Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
30,000
63,126
VAT
60,828
27,968
Obligations under finance leases and hire purchase contracts
79,504
-
Trade creditors
92,891
65,815
Taxes and social security
116,290
133,564
Accruals
-
4,390
Deferred income
89,130
-
468,643
294,863
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,834
44,517
Other creditors
283,209
186,808
289,043
231,325
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mrs Janie Richardson
General Loan
73,354
-
73,354
-
73,354
-
73,354
-
General loan to participators, interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 14 (2024: 14).
- 8 -