REGISTERED NUMBER: 11348681 (England and Wales)

PARTMART AUTOMOTIVE RECYCLING LTD

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I C Jenkins

C Jenkins

REGISTERED OFFICE:

New Road

Tir-Y-Berth

Hengoed

United Kingdom

CF82 8AU

REGISTERED NUMBER:

11348681 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

500,887

334,159

500,887

334,159

CURRENT ASSETS

Stocks

145,248

149,498

Debtors

5

24,340

110,306

Cash at bank and in hand

654,897

192,098

824,485

451,902

CREDITORS

Amounts falling due within one year

6

(510,186

)

(285,463

)

NET CURRENT ASSETS

314,299

166,439

TOTAL ASSETS LESS CURRENT LIABILITIES

815,186

500,598

PROVISIONS FOR LIABILITIES

(108,413

)

(80,473

)

NET ASSETS

706,773

420,125

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

706,771

420,123

706,773

420,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

I C Jenkins - Director

1.	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

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of five years.

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.

Patents and licences are being amortised evenly over their estimated useful life of sixteen years.

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 25% on reducing balance

Plant and Machinery 25% on reducing balance

Fixtures and Fittings 25% on reducing balance

Motor Vehicles 25% 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 Profit and loss account, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

22,000

13,063

35,063

AMORTISATION

At 1 September 2024

and 31 August 2025

22,000

13,063

35,063

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 August 2024

-

-

-

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

Fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

6,658

559,066

31,440

269,297

866,461

Additions

-

237,422

8,582

59,500

305,504

At 31 August 2025

6,658

796,488

40,022

328,797

1,171,965

DEPRECIATION

At 1 September 2024

5,471

383,327

13,338

130,166

532,302

Charge for year

297

87,159

5,381

45,939

138,776

At 31 August 2025

5,768

470,486

18,719

176,105

671,078

NET BOOK VALUE

At 31 August 2025

890

326,002

21,303

152,692

500,887

At 31 August 2024

1,187

175,739

18,102

139,131

334,159

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,370

101,923

Other debtors

5,970

8,383

24,340

110,306

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

46,699

19,914

Taxation and social security

163,977

15,097

Other creditors

299,510

250,452

510,186

285,463