REGISTERED NUMBER: SC405251 (Scotland)

Moray Motors Ltd.

Financial Statements For The Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K Attwood

Mrs R Attwood

REGISTERED OFFICE:

Unit 6

Coulardbank Ind Estate

Lossiemouth

Moray

IV31 6NG

REGISTERED NUMBER:

SC405251 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Virgin Money

151 High Street

Elgin

Moray

IV30 1DU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,423

3,574

8,423

3,574

CURRENT ASSETS

Stocks

27,880

36,210

Debtors

6

7,228

5,600

Cash at bank and in hand

30,849

21,194

65,957

63,004

CREDITORS

Amounts falling due within one year

7

56,570

32,106

NET CURRENT ASSETS

9,387

30,898

TOTAL ASSETS LESS CURRENT LIABILITIES

17,810

34,472

PROVISIONS FOR LIABILITIES

9

1,621

813

NET ASSETS

16,189

33,659

CAPITAL AND RESERVES

Called up share capital

10

120

120

Retained earnings

11

16,069

33,539

SHAREHOLDERS' FUNDS

16,189

33,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 4 February 2026 and were signed on its behalf by:

Mr K Attwood - Director

1.	STATUTORY INFORMATION

Moray Motors Ltd. is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years as assessed by the directors and is now fully amortised.

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.

Tangible fixed assets

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

Equipment

-

25% on reducing balance and 20% 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 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 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

10,000

AMORTISATION

At 1 October 2024

and 30 September 2025

10,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2024

13,471

7,050

20,521

Additions

-

8,160

8,160

Disposals

-

(7,050

)

(7,050

)

At 30 September 2025

13,471

8,160

21,631

DEPRECIATION

At 1 October 2024

11,235

5,712

16,947

Charge for year

447

1,833

2,280

Eliminated on disposal

-

(6,019

)

(6,019

)

At 30 September 2025

11,682

1,526

13,208

NET BOOK VALUE

At 30 September 2025

1,789

6,634

8,423

At 30 September 2024

2,236

1,338

3,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

4,878

1,454

Other debtors

2,350

4,146

7,228

5,600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

11,598

14,601

Taxation and social security

15,293

15,720

Other creditors

29,679

1,785

56,570

32,106

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.25

30.9.24

£

£

In more than five years

204,485

209,942

9.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

1,621

813

Deferred

tax

£

Balance at 1 October 2024

813

Provided during year

808

Balance at 30 September 2025

1,621

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

1

100

100

20

A Ordinary

1

20

20

120

120

11.

RESERVES

Retained

earnings

£

At 1 October 2024

33,539

Profit for the year

42,530

Dividends

(60,000

)

At 30 September 2025

16,069

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2024 - £61,800) were paid to the directors .

At 30 September 2024 the company owed the directors £40. During the year the directors met expenses on behalf of the company totalling £26,920. At 30 September 2025 the company owed the directors £26,960. This loan is interest free and repayable on demand.