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Roadworthy (Bristol) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02382635
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,205 207,405
12,205 207,405
CURRENT ASSETS
Stocks 5 1,069,325 1,609,768
Debtors 6 238,258 348,342
Cash at bank and in hand 403,700 155,329
1,711,283 2,113,439
Creditors: Amounts Falling Due Within One Year 7 (1,314,525 ) (1,804,929 )
NET CURRENT ASSETS (LIABILITIES) 396,758 308,510
TOTAL ASSETS LESS CURRENT LIABILITIES 408,963 515,915
PROVISIONS FOR LIABILITIES
Provisions For Charges 9 - (42,500 )
Deferred Taxation 8 (2,118 ) (2,184 )
NET ASSETS 406,845 471,231
CAPITAL AND RESERVES
Called up share capital 10 1,001 1,001
Share premium account 34,999 34,999
Profit and Loss Account 370,845 435,231
SHAREHOLDERS' FUNDS 406,845 471,231
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S M Hoare
Director
28 April 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roadworthy (Bristol) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02382635 . The registered office is C/O Pje Chartered Accountants, 2 Oakfield Road, Clifton, Bristol, BS8 2AL.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Leasehold Over life of lease
Plant & Machinery 10% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings Over life of lease and 25% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 19)
19 19
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2024 194,333 69,256 11,256 12,576 287,421
Additions - 2,204 - - 2,204
Disposals (194,333 ) - - - (194,333 )
As at 30 June 2025 - 71,460 11,256 12,576 95,292
...CONTINUED
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Page 5
Depreciation
As at 1 July 2024 - 61,837 5,603 12,576 80,016
Provided during the period - 184 2,887 - 3,071
As at 30 June 2025 - 62,021 8,490 12,576 83,087
Net Book Value
As at 30 June 2025 - 9,439 2,766 - 12,205
As at 1 July 2024 194,333 7,419 5,653 - 207,405
5. Stocks
2025 2024
£ £
Stock 601,373 812,939
Consignment stock 467,952 796,829
1,069,325 1,609,768
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 144,235 296,951
Prepayments and accrued income 75,483 51,391
Other debtors 5,400 -
Corporation tax recoverable assets 4,483 -
VAT 8,657 -
238,258 348,342
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,236,239 1,610,857
Corporation tax - 22,362
Other taxes and social security 12,920 13,613
VAT - 8,217
Other creditors 59,177 113,683
Accruals and deferred income 6,189 6,197
Directors' loan accounts - 30,000
1,314,525 1,804,929
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 2,118 2,184
9. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 July 2024 2,184 42,500 44,684
Reversals (66 ) (42,500 ) (42,566)
Balance at 30 June 2025 2,118 - 2,118
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,001 1,001
11. Reserves
Share Premium Profit and Loss Account
£ £
As at 1 July 2024 34,999 435,231
Loss for the year and total comprehensive income - (13,198 )
Dividends paid - (51,188)
As at 30 June 2025 34,999 370,845
12. Related Party Transactions
During the year, dividends totalling £51,188 (2024 - £34,384) were paid to directors.
13. Ultimate Controlling Party
The company's ultimate controlling party is S M Hoare by virtue of his ownership of 99.9% of the issued share capital in the company.
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