Proctor Car Sales Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Proctor Car Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04997847 . The registered office is Littlecotes Farm, Dark Lane, Ashover Hay, Ashover, Chesterfield, Derbyshire, S45 0HD.

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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goodsand provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. Turnover is recognised at the point of delivery to the customer.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	25% straight line

2.5. Stocks and Work in Progress

Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 21)

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Proctor Car Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	75,007

As at 31 July 2025	75,007

Amortisation
As at 1 August 2024	25,626
Provided during the period	7,501

As at 31 July 2025	33,127

Net Book Value
As at 31 July 2025	41,880

As at 1 August 2024	49,381

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 August 2024	87,840	247,532	335,372
Additions	-	2,342	2,342
Transfers	(8,708 )	8,707	(1 )

As at 31 July 2025	79,132	258,581	337,713

Depreciation
As at 1 August 2024	57,975	161,807	219,782
Provided during the period	15,593	42,581	58,174
Transfers	(8,707 )	8,707	-

As at 31 July 2025	64,861	213,095	277,956

Net Book Value
As at 31 July 2025	14,271	45,486	59,757

As at 1 August 2024	29,865	85,725	115,590

6. Stocks

	2025	2024
	£	£
Stock	3,182,256	2,836,929

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Proctor Car Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	277,242	404,610
Amounts owed by group undertakings	404,029	397,079
Amounts owed by participating interests	74,932	77,335
Other debtors	91,102	82,840

	847,305	961,864

The prior period has been restated to reclassify amounts due from group undertakings that had been incorrectly included within amounts due from participating interests.

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	599,913	517,650
Amounts owed to participating interests	205,600	355,634
Other creditors	508,064	352,091
Taxation and social security	340,347	344,138

	1,653,924	1,569,513

The prior period has been restated to reclassify deferrred income which had been incorrectly included within trade creditors.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Contingent Liabilities

The company has provided security, in the form of an unlimited multilateral guarantee, for any bank loans or overdrafts of its related companies within the Bookstage Holdings Limited group of companies. At the year end, the group had borrowings of £420,620 (2024 - £881,389).

11. Pension Commitments

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Pension contributions totalling £3,165 (2024 - £3,393) were payable at the year end and are included in creditors.

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Robert Proctor	-	12,115	12,115	-	-
Mr James Proctor	2,086	2,817	4,903	-	-

The above loan is unsecured, interest free and repayable on demand.

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Proctor Car Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

13. Related Party Transactions

The company has taken exemption of disclosing transactions with group companies under section 33 of FRS102.

During the year the company made the following related party transactions.

Proctor Property Developments Limited

A company under common control

At the balance sheet date the amount due from Proctor Property Developments Limited was £65,431 (2024 - £65,397). No interest is charged on this loan.

Proctor Fleet Management Ltd

A company under common control

At the balance sheet date the amount due from Proctor Fleet Management Ltd was £98 (2024 - £11,904). No interest is charged on this loan.

PPG (Portugal) Limited

A company under common control

At the balance sheet date the amount due from PPG (Portugal) Limited was £313,628 (2024 - £311,058). No interest was charged on this loan. During the year the directors provided for an impairment of this loan amounting to £2,570 (2024 - £25,001) which has been charged to the profit and loss account. The balance due from PPG (Portugal) Limited was fully provided for at the current year end and prior year end.

14. Audit Information

The auditor's report on the accounts of Proctor Car Sales Limited for the year ended 31 July 2025 was unqualified.

The auditor's report was signed by Daniel Johnson (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited , Statutory Auditor.

Nuvo Audit Limited

First Floor, Sterling House

Outrams Wharf

Little Eaton

Derby

DE21 5EL

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		41,880		49,381
Tangible Assets	5		59,757		115,590

			101,637		164,971
CURRENT ASSETS
Stocks	6	3,182,256		2,836,929
Debtors	7	847,305		961,864
Cash at bank and in hand		257,726		120,022

		4,287,287		3,918,815
Creditors: Amounts Falling Due Within One Year	8	(1,653,924 )		(1,569,513 )

NET CURRENT ASSETS (LIABILITIES)			2,633,363		2,349,302

TOTAL ASSETS LESS CURRENT LIABILITIES			2,735,000		2,514,273

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,104 )		(40,925 )

NET ASSETS			2,709,896		2,473,348

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			2,709,894		2,473,346

SHAREHOLDERS' FUNDS			2,709,896		2,473,348