Financial Statements

for the Year Ended 31 July 2025

for

Hillside Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Agutter

SECRETARY:

Mrs D L Agutter

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

05078675 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

900,147

887,458

CURRENT ASSETS

Stocks

76,373

151,467

Debtors

5

7,227

5,894

Cash at bank

139,062

141,718

222,662

299,079

CREDITORS

Amounts falling due within one year

6

108,772

97,446

NET CURRENT ASSETS

113,890

201,633

TOTAL ASSETS LESS CURRENT LIABILITIES

1,014,037

1,089,091

PROVISIONS FOR LIABILITIES

95,308

95,308

NET ASSETS

918,729

993,783

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

462,817

462,817

Retained earnings

455,812

530,866

SHAREHOLDERS' FUNDS

918,729

993,783

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 director acknowledges his 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 director and authorised for issue on 22 April 2026 and were signed by:

S Agutter - Director

1.	STATUTORY INFORMATION

Hillside Motors 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.

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 as modified by the revaluation of certain assets.

Turnover

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

The goods sold are second hand cars and revenues are recognised when the car is picked up or delivered to the customer. As a result, the company must have cleared funds before the sale is agreed.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% 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.

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.

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.

Freehold property

Freehold property is shown at most recent valuation made by the Director, and the company will keep this under fair value review.

Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve, after providing for deferred tax.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 August 2024

1,051,199

80,730

1,131,929

Additions

33,727

480

34,207

At 31 July 2025

1,084,926

81,210

1,166,136

DEPRECIATION

At 1 August 2024

163,971

80,500

244,471

Charge for year

21,317

201

21,518

At 31 July 2025

185,288

80,701

265,989

NET BOOK VALUE

At 31 July 2025

899,638

509

900,147

At 31 July 2024

887,228

230

887,458

Cost or valuation at 31 July 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

558,125

-

558,125

Valuation in 2021

5,200

80,081

85,281

Valuation in 2022

-

649

649

Cost

521,601

480

522,081

1,084,926

81,210

1,166,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

7,227

5,894

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

41,021

38,852

Taxation and social security

9,669

33,772

Other creditors

58,082

24,822

108,772

97,446

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

1

100

100

8.

RESERVES

Fair

value

reserve

£

At 1 August 2024

and 31 July 2025

462,817

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Agutter.