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Registered number: 10641616 SWANSWAY TPS CARLISLE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
SWANSWAY TPS CARLISLE LIMITED REGISTERED NUMBER: 10641616 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 69,207 |  | 93,450
|  |  | 69,207 |  | 93,450
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 311,350 |  | 117,398 |
Cash at bank and in hand |  | - |  | 105,011 |
|  | 311,350 |  | 222,409 |
Creditors: amounts falling due within one year | 7 | (189,352) |  | (136,412) |
Net current assets |  |  | 121,998 |  | 85,997
Total assets less current liabilities |  |  | 191,205 |  | 179,447
Net assets |  |  | 191,205 |  | 179,447
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Revaluation reserve | 8 |  | 12,783 |  | 12,783
Profit and loss account | 8 |  | 178,421 |  | 166,663
|  |  | 191,205 |  | 179,447
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
P Smyth
Director
Date: 20 April 2026
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SWANSWAY TPS CARLISLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Swansway TPS Carlisle 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.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of commission earned under an agency agreement for the distribution of vehicle parts to customers and expenses recharged to the parts supplier under contract in the year. Turnover is recognised at the point at which the customer takes possession of a part, which in turn triggers the agency commission.
| 2.3 | Current and deferred taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 2
SWANSWAY TPS CARLISLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | Over the term of lease
|  |  |  | Plant and machinery | - | 20%
|  |  |  | Fixtures and fittings | - | 20%
|  |  |  | Office equipment | - | 20 - 33%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the Company;s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factos that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are review on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
4. | Employees
| The average monthly number of employees, including directors, during the year was 18 (2024 - 15).
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SWANSWAY TPS CARLISLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 207,676 | 17,208 | 42,471 | 52,889 | 320,244
| At 31 December 2025 | 207,676 | 17,208 | 42,471 | 52,889 | 320,244
| Depreciation |  |  |  |  |
| At 1 January 2025 | 135,224 | 7,231 | 39,750 | 44,589 | 226,794
| Charge for the year on owned assets | 14,500 | 3,443 | 2,721 | 3,579 | 24,243
| At 31 December 2025 | 149,724 | 10,674 | 42,471 | 48,168 | 251,037
| Net book value |  |  |  |  |
| At 31 December 2025 | 57,952 | 6,534 | - | 4,721 | 69,207
| At 31 December 2024 | 72,452 | 9,977 | 2,721 | 8,300 | 93,450
Cost or valuation at 31 December 2025 is as follows:
|  |  | Plant and machinery
|  |  | £
|  | At cost | 4,569
|  | At valuation: |
|  | 2022 | 12,639
|  |  | 17,208
| If the plant and machinery had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 4,569 | 4,569
| Accumulated depreciation | (2,775) | (1,859)
| Net book value | 1,794 | 2,710
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SWANSWAY TPS CARLISLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 5.Tangible fixed assets (continued)
| The Company's plant and machinery were revalued as at 30 September 2022 by the Landwood Group, an independent qualified valuer. The valuation has been incorporated in the Financial Statements and the resulting adjustment has been taken to the revaluation reserve.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 281,192 | 83,094
| Other debtors | 30,158 | 34,304
|  | 311,350 | 117,398
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 60,691 | -
| Trade creditors | 20,119 | 34,297
| Amounts owed to group undertakings | 5,896 | 11,839
| Other taxation and social security | 93,573 | 75,518
| Other creditors | 9,073 | 14,758
|  | 189,352 | 136,412
8. | Reserves
Revaluation reserve As at 31st December 2025, the revaluation reserve included £12,783 (2024: 12,783) in relation to plant and machinery.
9. | Contingent liabilities
The company is party to a cross guarantee over the assets of the group to which it belongs. This comprises both fixed and floating charges over all the assets of the company. Page 5
SWANSWAY TPS CARLISLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Controlling party
Swansway Group Limited is the immediate parent and ultimate parent company. Swansway Group Limited is the smallest and largest company for which consolidated accounts including Swansway TPS Carlisle Limited are prepared. The consolidated accounts of Swansway Group Limited are available from Companies House. The ultimate controlling party is considered to be Mr M. Smyth.
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 20 April 2026 by Paul Daly BEng FCA (Senior Statutory Auditor) on behalf of Cooper Parry Group Limited.
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