Roy Needham (Cars) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04866081 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Roy Needham (Cars) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Needham

M Needham

P Needham

REGISTERED OFFICE:

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

REGISTERED NUMBER:

04866081 (England and Wales)

ACCOUNTANTS:

Paul Howley & Co Ltd

Chartered Certified Accountants

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

FIXED ASSETS

Tangible assets

4

2,276,985

1,483,496

Investment property

5

403,612

2,680,597

1,887,108

CURRENT ASSETS

Stocks

1,314,678

1,132,225

Debtors

6

925,386

717,052

Cash at bank and in hand

2,873,599

3,234,319

5,113,663

5,083,596

CREDITORS

Amounts falling due within one year

7

339,713

628,421

NET CURRENT ASSETS

4,773,950

4,455,175

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,454,547

6,342,283

PROVISIONS FOR LIABILITIES

569,246

370,874

NET ASSETS

6,885,301

5,971,409

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

6,885,001

5,971,109

SHAREHOLDERS' FUNDS

6,885,301

5,971,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 5 May 2026 and were signed on its behalf by:

Mrs D Needham - Director

1.	STATUTORY INFORMATION

Roy Needham (Cars) 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.

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.

Land and buildings

-

Straight line over 10 years

Plant and machinery etc

-

33% on cost, 20% on cost and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

7,958

3,436,291

3,444,249

Additions

-

1,103,672

Disposals

-

(354,715

)

(354,715

)

At 31 January 2026

7,958

4,185,248

4,193,206

DEPRECIATION

At 1 February 2025

7,958

1,952,795

1,960,753

Charge for year

-

306,724

Eliminated on disposal

-

(351,256

)

(351,256

)

At 31 January 2026

7,958

1,908,263

1,916,221

NET BOOK VALUE

At 31 January 2026

-

2,276,985

At 31 January 2025

-

1,483,496

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

403,612

NET BOOK VALUE

At 31 January 2026

403,612

At 31 January 2025

403,612

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

385,292

268,422

Other debtors

540,094

448,630

925,386

717,052

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

64,597

68,441

Taxation and social security

230,586

476,193

Other creditors

44,530

83,787

339,713

628,421

8.	CAPITAL COMMITMENTS

31.1.26

31.1.25

£

Contracted but not provided for in the

financial statements

-

230,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

M Needham

Balance outstanding at start of year

333,151

208,219

Amounts advanced

141,070

334,932

Amounts repaid

(55,000

)

(210,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

419,221

333,151

All advances to directors are subject to interest at the official rate, unsecured and repayable on demand.