REGISTERED NUMBER: 02438036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WEDNESBURY CAR & COMMERCIALS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

7,312

-

Tangible assets

5

919,505

1,102,721

926,817

1,102,721

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

6

784,180

653,117

Cash at bank and in hand

321,516

734,127

1,120,696

1,402,244

CREDITORS

Amounts falling due within one year

7

640,032

706,512

NET CURRENT ASSETS

480,664

695,732

TOTAL ASSETS LESS CURRENT LIABILITIES

1,407,481

1,798,453

CREDITORS

Amounts falling due after more than one year

8

(261,119

)

(427,739

)

PROVISIONS FOR LIABILITIES

(90,000

)

(110,000

)

NET ASSETS

1,056,362

1,260,714

CAPITAL AND RESERVES

Called up share capital

535

535

Capital redemption reserve

490

490

Retained earnings

1,055,337

1,259,689

SHAREHOLDERS' FUNDS

1,056,362

1,260,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

P R Schofield - Director

B Wiggin - Director

N E Wiggin - Director

1.	STATUTORY INFORMATION

Wednesbury Car & Commercials Limited is a private company limited by shares and incorporated in England. It's registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG. The company's registered number is 02438036.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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.

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.

Hire purchase interest charges are recognised in the profit and loss account on a straight-line basis over the term of the agreement.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

7,800

At 31 December 2025

7,800

AMORTISATION

Charge for year

488

At 31 December 2025

488

NET BOOK VALUE

At 31 December 2025

7,312

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,432,844

Additions

28,587

Disposals

(50,450

)

At 31 December 2025

1,410,981

DEPRECIATION

At 1 January 2025

330,123

Charge for year

205,759

Eliminated on disposal

(44,406

)

At 31 December 2025

491,476

NET BOOK VALUE

At 31 December 2025

919,505

At 31 December 2024

1,102,721

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

780,348

649,785

Other debtors

3,832

3,332

784,180

653,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

15,000

20,000

Hire purchase contracts (see note 9)

106,348

57,226

Trade creditors

110,249

137,702

Taxation and social security

276,990

353,457

Other creditors

131,445

138,127

640,032

706,512

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

15,000

Hire purchase contracts (see note 9)

242,255

348,603

Other creditors

18,864

64,136

261,119

427,739

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

106,348

57,226

Between one and five years

242,255

348,603

348,603

405,829

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

141,592

94,972

Between one and five years

356,908

354,261

In more than five years

36,750

92,000

535,250

541,233

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

348,603

405,829

Hire purchase liabilities were secured against the assets acquired.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £387,501 (2024 - £228,000) were paid to the directors .