Company Registration No. 06685239 (England and Wales)
HM CAR SALES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HM CAR SALES LIMITED
COMPANY INFORMATION
Director
Mr N Goss
Company number
06685239
Registered office
Unit 1
Key House
Howden Industrial Estate
Tiverton
Devon
United Kingdom
EX16 5HW
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
HM CAR SALES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HM CAR SALES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
113,071
196,550
Current assets
Stocks
425,448
508,773
Debtors
5
57,583
92,479
Cash at bank and in hand
84,563
20,660
567,594
621,912
Creditors: amounts falling due within one year
6
(389,148)
(448,340)
Net current assets
178,446
173,572
Total assets less current liabilities
291,517
370,122
Creditors: amounts falling due after more than one year
7
(52,083)
(122,537)
Provisions for liabilities
(12,307)
(26,595)
Net assets
227,127
220,990
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
227,027
220,890
Total equity
227,127
220,990

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

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

T he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 19 March 2026
Mr N Goss
Director
Company Registration No. 06685239
HM CAR SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

HM Car Sales Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

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. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total value of sales, excluding value added tax under the second hand margin scheme, made during the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 recoverable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cos t, net of depreciation and any impairment losses.

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

Property improvements
5 or 10 Years straight line
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
Computer equipment
3 Years straight line
Motor vehicles
20% or 25% 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.

1.4
Stocks

Stocks are stated at the lower of cost and net realisable value.

HM CAR SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.6
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account on a straight line basis over the life of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2024 - 8).

HM CAR SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
10,000
Amortisation and impairment
At 1 October 2024 and 30 September 2025
10,000
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
HM CAR SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
4
Tangible fixed assets
Property improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
87,818
91,131
28,056
3,884
154,235
365,124
Additions
-
0
9,647
-
0
1,226
-
0
10,873
Disposals
-
0
-
0
-
0
-
0
(87,466)
(87,466)
At 30 September 2025
87,818
100,778
28,056
5,110
66,769
288,531
Depreciation and impairment
At 1 October 2024
13,300
60,122
15,352
2,545
77,255
168,574
Depreciation charged in the year
8,280
10,164
3,176
1,169
1,590
24,379
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(17,493)
(17,493)
At 30 September 2025
21,580
70,286
18,528
3,714
61,352
175,460
Carrying amount
At 30 September 2025
66,238
30,492
9,528
1,396
5,417
113,071
At 30 September 2024
74,518
31,009
12,704
1,339
76,980
196,550
HM CAR SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
51,417
44,050
Corporation tax recoverable
-
0
27,695
Other debtors
1,541
15,830
Prepayments and accrued income
4,625
4,904
57,583
92,479
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
51,010
77,197
Obligations under finance leases
-
0
16,667
Trade creditors
248,824
277,517
Corporation tax
30,216
-
0
Other taxation and social security
39,642
26,121
Other creditors
13,563
34,122
Accruals and deferred income
5,893
16,716
389,148
448,340
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
52,083
103,093
Obligations under finance leases
-
0
19,444
52,083
122,537
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
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