REGISTERED NUMBER: 04157555 (England and Wales)

JOHN PEAT MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

G J Couzens

Mrs C Couzens

REGISTERED OFFICE:

East Road Garage

East Road

Sleaford

Lincolnshire

NG34 7EH

REGISTERED NUMBER:

04157555 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

122,810

125,971

122,810

125,971

CURRENT ASSETS

Inventories

821,745

878,682

Debtors

6

1,738,345

1,758,073

Cash in hand

104

100

2,560,194

2,636,855

CREDITORS

Amounts falling due within one year

7

738,924

824,214

NET CURRENT ASSETS

1,821,270

1,812,641

TOTAL ASSETS LESS CURRENT LIABILITIES

1,944,080

1,938,612

CREDITORS

Amounts falling due after more than one year

8

-

(10,000

)

PROVISIONS FOR LIABILITIES

(4,219

)

(5,044

)

NET ASSETS

1,939,861

1,923,568

CAPITAL AND RESERVES

Called up share capital

1,112

1,112

Retained earnings

1,938,749

1,922,456

SHAREHOLDERS' FUNDS

1,939,861

1,923,568

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 13 May 2026 and were signed on its behalf by:

G J Couzens - Director

1.	STATUTORY INFORMATION

John Peat Motors 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue 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 2001, is being amortised evenly over its estimated useful life of twenty 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.

Property, plant and equipment

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

Buildings

-

1% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Inventory

Inventories 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

169,000

AMORTISATION

At 1 April 2025

and 31 March 2026

169,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Buildings

machinery

fittings

£

£

£

COST

At 1 April 2025

111,620

71,020

24,982

Additions

-

-

-

At 31 March 2026

111,620

71,020

24,982

DEPRECIATION

At 1 April 2025

7,254

57,752

23,067

Charge for year

1,116

1,990

287

At 31 March 2026

8,370

59,742

23,354

NET BOOK VALUE

At 31 March 2026

103,250

11,278

1,628

At 31 March 2025

104,366

13,268

1,915

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

6,458

35,803

249,883

Additions

-

1,390

1,390

At 31 March 2026

6,458

37,193

251,273

DEPRECIATION

At 1 April 2025

5,241

30,598

123,912

Charge for year

304

854

4,551

At 31 March 2026

5,545

31,452

128,463

NET BOOK VALUE

At 31 March 2026

913

5,741

122,810

At 31 March 2025

1,217

5,205

125,971

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

15,439

82,586

Amounts owed by group undertakings

1,587,765

1,552,731

Other debtors

135,141

122,756

1,738,345

1,758,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

556,042

624,841

Trade creditors

90,461

114,392

Taxation and social security

76,393

71,597

Other creditors

16,028

13,384

738,924

824,214

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

10,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

66,967

154,356

Bank loans

489,075

480,485

556,042

634,841

Bank borrowings are secured on fixed and floating assets, and all book debts of the company.