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Registration number: 08972952

Great Western Car Sales Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Great Western Car Sales Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Great Western Car Sales Limited

(Registration number: 08972952)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,942 | 2,590
Current assets |  |  |
Stocks | 5 | 84,929 | 140,977
Debtors | 6 | 3,517 | 30,759
Cash at bank and in hand |  | 1,009 | 5,452
|  | 89,455 | 177,188
Creditors: Amounts falling due within one year | 7 | (62,861) | (146,603)
Net current assets |  | 26,594 | 30,585
Total assets less current liabilities |  | 28,536 | 33,175
Creditors: Amounts falling due after more than one year | 7 | (22,599) | (28,255)
Net assets |  | 5,937 | 4,920
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 5,837 | 4,820
Shareholders' funds |  | 5,937 | 4,920

Great Western Car Sales Limited

(Registration number: 08972952)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 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 and 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.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:

......................................... T Maslen Director

Great Western Car Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of second hand motor vehicles, campervan conversions and the provision of motoring services to customers. Turnover is shown net of value added tax, returns, rebates and discounts.

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 25% reducing balance basis

Great Western Car Sales Limited

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

Office Equipment | 25% reducing balance basis
Fixtures and Fittings | 25% reducing balance 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Great Western Car Sales Limited

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

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 August 2024 | 1,910 | 2,000 | 3,120 | 7,030
At 31 July 2025 | 1,910 | 2,000 | 3,120 | 7,030
Depreciation
At 1 August 2024 | 1,771 | 500 | 2,169 | 4,440
Charge for the year | 35 | 375 | 238 | 648
At 31 July 2025 | 1,806 | 875 | 2,407 | 5,088
Carrying amount
At 31 July 2025 | 104 | 1,125 | 713 | 1,942
At 31 July 2024 | 139 | 1,500 | 951 | 2,590

5 | Stocks

| 2025 £ | 2024 £
Stock | 84,929 | 140,977

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 1,990
Other debtors | 3,517 | 28,769
| 3,517 | 30,759

Great Western Car Sales Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 5,429 | 5,290
Trade creditors |  | 272 | 55,832
Taxation and social security |  | 329 | -
Other creditors |  | 56,831 | 85,481
|  | 62,861 | 146,603

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 22,599 | 28,255

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,429 | 5,290

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 22,599 | 28,255

Great Western Car Sales Limited

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

9 | Related party transactions

Other transactions with directors

During the year the company made the following related party transactions:
The company's parent is Budget Bikes Limited, incorporated in England and Wales.
Budget Bikes Limited (a company of which T Malsen is also a director) had various transactions with the company. At the balance sheet date the amount due to Budget Bikes Limited was £52,831 (2024: £76,729).