REGISTERED NUMBER: 04255770 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

PANT MOTOR BODIES LTD

TRADING AS

FIX AUTO OSWESTRY/WELSH BORDER

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

R S Hitch

Mrs I A Hitch

L S Hitch

R Edwards

Mrs L Hitch

SECRETARY:

Mrs I A Hitch

REGISTERED OFFICE:

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

REGISTERED NUMBER:

04255770 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Intangible assets

5

83,540

97,540

Tangible assets

6

782,390

599,748

865,930

697,288

CURRENT ASSETS

Stocks

265,334

256,242

Debtors

7

343,719

370,827

Cash at bank

306,661

393,131

915,714

1,020,200

CREDITORS

Amounts falling due within one year

8

968,725

974,923

NET CURRENT (LIABILITIES)/ASSETS

(53,011

)

45,277

TOTAL ASSETS LESS CURRENT LIABILITIES

812,919

742,565

CREDITORS

Amounts falling due after more than one year

9

(272,283

)

(337,055

)

PROVISIONS FOR LIABILITIES

(91,708

)

(84,027

)

NET ASSETS

448,928

321,483

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11

448,828

321,383

SHAREHOLDERS' FUNDS

448,928

321,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

L S Hitch - Director

1.	STATUTORY INFORMATION

Pant Motor Bodies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

The accounts are for the individual entity only.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold buildings

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

varying rates between 10-25% on cost

Computer equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 56 ) .

5.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

209,540

13,566

223,106

AMORTISATION

At 1 August 2024

112,000

13,566

125,566

Amortisation for year

14,000

-

14,000

At 31 July 2025

126,000

13,566

139,566

NET BOOK VALUE

At 31 July 2025

83,540

-

83,540

At 31 July 2024

97,540

-

97,540

The directors have considered the value of goodwill and are of the opinion that no impairment is required.

6.	TANGIBLE FIXED ASSETS

Improvements

to

Leasehold

Plant and

Property

buildings

machinery

£

£

£

COST OR VALUATION

At 1 August 2024

161,476

432,565

407,019

Additions

153,296

-

44,443

At 31 July 2025

314,772

432,565

451,462

DEPRECIATION

At 1 August 2024

54,759

108,126

267,133

Charge for year

7,361

8,651

36,178

At 31 July 2025

62,120

116,777

303,311

NET BOOK VALUE

At 31 July 2025

252,652

315,788

148,151

At 31 July 2024

106,717

324,439

139,886

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 August 2024

63,784

12,019

65,578

1,142,441

Additions

-

51,855

-

249,594

At 31 July 2025

63,784

63,874

65,578

1,392,035

DEPRECIATION

At 1 August 2024

57,856

9,865

44,954

542,693

Charge for year

1,324

7,985

5,453

66,952

At 31 July 2025

59,180

17,850

50,407

609,645

NET BOOK VALUE

At 31 July 2025

4,604

46,024

15,171

782,390

At 31 July 2024

5,928

2,154

20,624

599,748

The directors, having considered the valuation of leasehold buildings, revalued the property on an open market basis on 31 July 2011. A formal lease was entered into between the company and its landlords, who are both directors of the business. In the opinion of the directors the valuation of leasehold buildings in the accounts is still valid as the landlords have notified the company in writing that they will pay the company the first £314,595 in the event the property is sold by the landlords.

This value has been adopted as the deemed cost of the assets concerned on transition to FRS 102.

The comparable amounts for leasehold buildings at original cost were;

Cost £215,354

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

318,787

319,542

Other debtors

18,741

26,670

Directors' current accounts

-

11,294

Prepayments and accrued income

6,191

13,321

343,719

370,827

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

79,579

66,500

Hire purchase contracts

42,173

28,475

Trade creditors

501,577

471,101

Tax

47,690

11,814

Social security and other taxes

171,744

203,636

Other creditors

36,544

123,418

Directors' current accounts

6,163

5,404

Deferred income

78,551

60,000

Accrued expenses

4,704

4,575

968,725

974,923

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

28,412

61,500

Bank loans - 2-5 years

12,352

48,204

Hire purchase contracts

100,178

114,851

Deferred income

131,341

112,500

272,283

337,055

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdraft

13,219

-

Bank loans

107,124

176,204

Hire purchase contracts

142,351

143,326

Other creditors

19,299

100,357

281,993

419,887

The bank borrowings are secured by personal guarantees pledged by the directors, equal to the value of the borrowings.

Included in creditors are bank loans and a working capital facility which is secured by way of a fixed and floating charge over the undertaking and all property and assets present and future.

11.

RESERVES

Included in retained earnings is £120,912 (2024: £123,755) of profits which are not available for distribution as they are unrealised gains on revaluations.

12.	OTHER COMMITMENTS

At 31 July 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £235,464 (2024 - £260,544)

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mr R S Hitch and Mrs I A Hitch charged the company rent totalling £25,200 (2024: £25,200) for the use of the Canal Side premises.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pant Motor Bodies Ltd for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pant Motor Bodies Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pant Motor Bodies Ltd and state those matters that we have agreed to state to the Board of Directors of Pant Motor Bodies Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pant Motor Bodies Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pant Motor Bodies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pant Motor Bodies Ltd. You consider that Pant Motor Bodies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pant Motor Bodies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

20 April 2026