Company Registration No. 7742674 (England and Wales)
Smax Motors Limited
Unaudited accounts
for the year ended 31 August 2025
Smax Motors Limited
Unaudited accounts
Contents
Smax Motors Limited
Company Information
for the year ended 31 August 2025
Directors
Mr S Lambert
Ms B Hardy
Mr V Lambert
Company Number
7742674 (England and Wales)
Registered Office
WHITE HOUSE FARM
TOWN STREET SHIPTONTHORPE
YORK
YO43 3PE
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Smax Motors Limited
Statement of financial position
as at 31 August 2025
Tangible assets
97,102
100,621
Cash at bank and in hand
25,672
21,717
Creditors: amounts falling due within one year
(66,775)
(69,983)
Net current liabilities
(38,256)
(41,044)
Total assets less current liabilities
58,846
59,577
Creditors: amounts falling due after more than one year
(7,365)
(20,988)
Provisions for liabilities
Deferred tax
(2,972)
(3,640)
Called up share capital
75
75
Profit and loss account
48,434
34,874
Shareholders' funds
48,509
34,949
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by
Mr S Lambert
Director
Company Registration No. 7742674
Smax Motors Limited
Notes to the Accounts
for the year ended 31 August 2025
Smax Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 7742674. The registered office is WHITE HOUSE FARM, TOWN STREET SHIPTONTHORPE, YORK, YO43 3PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance
Motor vehicles
25% on a reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
81,462
20,880
25,500
127,842
At 31 August 2025
81,462
22,529
25,500
129,491
At 1 September 2024
-
17,658
9,563
27,221
Charge for the year
-
1,184
3,984
5,168
At 31 August 2025
-
18,842
13,547
32,389
At 31 August 2025
81,462
3,687
11,953
97,102
At 31 August 2024
81,462
3,222
15,937
100,621
Smax Motors Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
3,190
6,867
Trade creditors
12,146
14,628
Taxes and social security
26,941
25,668
Loans from directors
7,166
8,664
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
3,546
8
Operating lease commitments
2025
2024
At 31 August 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,000
6,000
9
Transactions with related parties
Rent charged by a company in which both Mr V Lambert and Mr S Lambert are both a director and shareholder - £6,000 (2024 - £6,000). The amount outstanding at the year end was £nil (2024:£nil)
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).