REGISTERED NUMBER: 04417967 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORSEPOWER MOTOR CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R V Kuligowski

A R Kuligowski

SECRETARY:

R V Kuligowski

REGISTERED OFFICE:

Suite 1, Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

BUSINESS ADDRESS:

Unit 1

Sovereign Way

Tonbridge

Kent

TN9 1RH

REGISTERED NUMBER:

04417967 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

48,713

57,762

48,713

57,762

CURRENT ASSETS

Stocks

881,966

1,072,741

Debtors

7

463,339

456,920

Investments

8

-

49,268

Cash at bank and in hand

8,769

71,318

1,354,074

1,650,247

CREDITORS

Amounts falling due within one year

9

803,959

987,755

NET CURRENT ASSETS

550,115

662,492

TOTAL ASSETS LESS CURRENT LIABILITIES

598,828

720,254

CREDITORS

Amounts falling due after more than one year

10

200,356

274,879

NET ASSETS

398,472

445,375

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

398,372

445,275

SHAREHOLDERS' FUNDS

398,472

445,375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

R V Kuligowski - Director

A R Kuligowski - Director

1.	STATUTORY INFORMATION

Horsepower Motor Centre Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

Going concern

The financial statements have been prepared on a going concern basis with the directors having reviewed the external finance available added to their own financial support.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

27,050

AMORTISATION

At 1 April 2024

and 31 March 2025

27,050

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

27,700

229,987

37,594

49,412

344,693

DEPRECIATION

At 1 April 2024

27,700

184,620

29,903

44,708

286,931

Charge for year

-

6,805

1,538

706

9,049

At 31 March 2025

27,700

191,425

31,441

45,414

295,980

NET BOOK VALUE

At 31 March 2025

-

38,562

6,153

3,998

48,713

At 31 March 2024

-

45,367

7,691

4,704

57,762

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,955

7,651

Other debtors

459,384

449,269

463,339

456,920

Other debtors include £439,755, (2024 £444,639,) which falls due after more than one year.

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

-

49,268

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,262

-

Trade creditors

597,336

764,586

Taxation and social security

84,030

72,638

Other creditors

115,331

150,531

803,959

987,755

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

200,356

274,879