REGISTERED NUMBER: 05917947 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Srs Motors Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Reed

Mrs J Reed

SECRETARY:

REGISTERED OFFICE:

Unit 7-8 Grace Road

Industrial Estate

New Road

Sheerness

Kent

ME12 1HA

REGISTERED NUMBER:

05917947 (England and Wales)

ACCOUNTANTS:

I.B.C.

First Floor, 9A, Magazine B,

Ordnance Yard, Upnor Road,

Lower Upnor,

Rochester

Kent

ME2 4UY

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

S Reed

Mrs J Reed

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Reed - Director

24 April 2026

TURNOVER

69,914

64,896

Cost of sales

49,565

50,945

GROSS PROFIT

20,349

13,951

Administrative expenses

39,756

32,531

(19,407

)

(18,580

)

Other operating income

33,762

34,662

OPERATING PROFIT and

PROFIT BEFORE TAXATION

14,355

16,082

Tax on profit

3,072

2,530

PROFIT FOR THE FINANCIAL YEAR

11,283

13,552

FIXED ASSETS

Tangible assets

5

377,483

381,645

CURRENT ASSETS

Debtors

6

1,276

1,403

Cash at bank

4,632

10,134

5,908

11,537

CREDITORS

Amounts falling due within one year

7

79,980

76,095

NET CURRENT LIABILITIES

(74,072

)

(64,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,411

317,087

CREDITORS

Amounts falling due after more than one year

8

271,499

296,458

NET ASSETS

31,912

20,629

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,812

20,529

SHAREHOLDERS' FUNDS

31,912

20,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

S Reed - Director

1.	STATUTORY INFORMATION

Srs Motors 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.25

31.8.24

£

£

Depreciation - owned assets

4,162

5,550

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

364,995

33,822

12,500

411,317

DEPRECIATION

At 1 September 2024

-

22,445

7,227

29,672

Charge for year

-

2,844

1,318

4,162

At 31 August 2025

-

25,289

8,545

33,834

NET BOOK VALUE

At 31 August 2025

364,995

8,533

3,955

377,483

At 31 August 2024

364,995

11,377

5,273

381,645

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

1,276

1,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

(2

)

(1

)

Tax

3,072

2,530

Directors' loan accounts

70,910

68,166

Accruals and deferred income

6,000

5,400

79,980

76,095

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 2-5 years

29,168

34,195

Property loan

242,331

262,263

271,499

296,458