IRIS Accounts Production v26.1.0.640 SC060106 Board of Directors 1.2.25 31.1.26 31.1.26 1.6.26 true false true false false true false Auditors Opinion Ordinary 1.00000 "A" Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC060106 2025-01-31 SC060106 2026-01-31 SC060106 2025-02-01 2026-01-31 SC060106 2024-01-31 SC060106 2024-02-01 2025-01-31 SC060106 2025-01-31 SC060106 ns15:Scotland 2025-02-01 2026-01-31 SC060106 ns14:PoundSterling 2025-02-01 2026-01-31 SC060106 ns10:Director1 2025-02-01 2026-01-31 SC060106 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC060106 ns10:SmallEntities 2025-02-01 2026-01-31 SC060106 ns10:Audited 2025-02-01 2026-01-31 SC060106 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 SC060106 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC060106 ns10:FullAccounts 2025-02-01 2026-01-31 SC060106 ns10:OrdinaryShareClass1 2025-02-01 2026-01-31 SC060106 ns10:OrdinaryShareClass2 2025-02-01 2026-01-31 SC060106 ns10:Director3 2025-02-01 2026-01-31 SC060106 ns10:Director2 2025-02-01 2026-01-31 SC060106 ns10:CompanySecretary1 2025-02-01 2026-01-31 SC060106 ns10:RegisteredOffice 2025-02-01 2026-01-31 SC060106 ns5:CurrentFinancialInstruments 2026-01-31 SC060106 ns5:CurrentFinancialInstruments 2025-01-31 SC060106 ns5:Non-currentFinancialInstruments 2026-01-31 SC060106 ns5:Non-currentFinancialInstruments 2025-01-31 SC060106 ns5:ShareCapital 2026-01-31 SC060106 ns5:ShareCapital 2025-01-31 SC060106 ns5:RevaluationReserve 2026-01-31 SC060106 ns5:RevaluationReserve 2025-01-31 SC060106 ns5:CapitalRedemptionReserve 2026-01-31 SC060106 ns5:CapitalRedemptionReserve 2025-01-31 SC060106 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 SC060106 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC060106 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-02-01 2026-01-31 SC060106 ns5:PlantMachinery 2025-02-01 2026-01-31 SC060106 ns5:FurnitureFittings 2025-02-01 2026-01-31 SC060106 ns5:LandBuildings 2025-01-31 SC060106 ns5:PlantMachinery 2025-01-31 SC060106 ns5:FurnitureFittings 2025-01-31 SC060106 ns5:LandBuildings 2025-02-01 2026-01-31 SC060106 ns5:LandBuildings 2026-01-31 SC060106 ns5:PlantMachinery 2026-01-31 SC060106 ns5:FurnitureFittings 2026-01-31 SC060106 ns5:LandBuildings 2025-01-31 SC060106 ns5:PlantMachinery 2025-01-31 SC060106 ns5:FurnitureFittings 2025-01-31 SC060106 ns5:CostValuation 2025-01-31 SC060106 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 SC060106 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC060106 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2026-01-31 SC060106 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-01-31 SC060106 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2026-01-31 SC060106 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-01-31 SC060106 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2026-01-31 SC060106 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-01-31 SC060106 ns5:WithinOneYear 2026-01-31 SC060106 ns5:WithinOneYear 2025-01-31 SC060106 ns5:BetweenOneFiveYears 2026-01-31 SC060106 ns5:BetweenOneFiveYears 2025-01-31 SC060106 ns5:MoreThanFiveYears 2026-01-31 SC060106 ns5:MoreThanFiveYears 2025-01-31 SC060106 ns5:AllPeriods 2026-01-31 SC060106 ns5:AllPeriods 2025-01-31 SC060106 ns5:Secured 2026-01-31 SC060106 ns5:Secured 2025-01-31 SC060106 ns5:DeferredTaxation 2025-01-31 SC060106 ns5:DeferredTaxation 2025-02-01 2026-01-31 SC060106 ns5:DeferredTaxation 2026-01-31 SC060106 ns10:OrdinaryShareClass1 2026-01-31 SC060106 ns10:OrdinaryShareClass2 2026-01-31 SC060106 ns5:RevaluationReserve 2025-01-31

REGISTERED NUMBER: SC060106 (Scotland)

| Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| Helensburgh Motor Sales Limited |

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Helensburgh Motor Sales Limited |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | G Mulvaney FCCA

| Ms K Mcguire

| T Roome

| SECRETARY: | G Mulvaney FCCA

| REGISTERED OFFICE: | 5 John Street

| Helensburgh

| Dunbartonshire

| G84 8BA

| REGISTERED NUMBER: | SC060106 (Scotland)

| AUDITORS: | Henderson & Company

| Statutory Auditor

| 73 Union Street

| Greenock

| Renfrewshire

| PA16 8BG

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Balance Sheet

31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,182,327 |  | 1,227,789 |  |

Investments | 5 | 2 |  | 2 |  |

1,182,329 |  | 1,227,791 |  |

CURRENT ASSETS

Stocks | 6 | 1,157,602 |  | 968,662 |  |

Debtors | 7 | 224,651 |  | 166,010 |  |

Cash at bank | 640,840 |  | 458,220 |  |

2,023,093 |  | 1,592,892 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,038,599 |  | 1,487,065 |  |

NET CURRENT (LIABILITIES)/ASSETS | (15,506 | ) | 105,827 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,166,823 |  | 1,333,618 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (389,119 | ) | (435,639 | ) |

PROVISIONS FOR LIABILITIES | 12 | (127,435 | ) | (135,326 | ) |

NET ASSETS | 650,269 |  | 762,653 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 9,971 |  | 9,971 |  |

Revaluation reserve | 14 | 209,535 |  | 209,535 |  |

Capital redemption reserve | 15,029 |  | 15,029 |  |

Retained earnings | 415,734 |  | 528,118 |  |

SHAREHOLDERS' FUNDS | 650,269 |  | 762,653 |  |

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 1 June 2026 and were signed on its behalf by:

T Roome - Director

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Helensburgh Motor Sales Limited is a private company, limited by shares , registered in Scotland. 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

| 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 as modified by the revaluation of certain assets.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 1% on cost

| Plant and machinery | - | 6.67% to 20% on cost

| Fixtures and fittings | - | 20% on cost

| Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| Assets held under finance leases are depreciated in the same way as owned assets.

| At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

| When stocks are sold the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

| Under supply agreements with manufacturers the company has access to consignment stock. Where supply agreements do not transfer risk and rewards to the company until such time as legal title actually passes at the end of the consignment period, consignment stock is not included in the balance sheet.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Hire purchase and leasing commitments

| Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Pension costs

| The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

| Creditors

| Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 39 (2025 - 38 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 February 2025 | 775,000 |  | 751,130 |  | 170,163 |  | 1,696,293 |  |

| Additions | - |  | 24,468 |  | 20,925 |  | 45,393 |  |

| Disposals | - |  | (214,515 | ) | (140,006 | ) | (354,521 | ) |

| At 31 January 2026 | 775,000 |  | 561,083 |  | 51,082 |  | 1,387,165 |  |

| DEPRECIATION

| At 1 February 2025 | 42,236 |  | 289,553 |  | 136,715 |  | 468,504 |  |

| Charge for year | 6,886 |  | 66,672 |  | 17,297 |  | 90,855 |  |

| Eliminated on disposal | - |  | (214,515 | ) | (140,006 | ) | (354,521 | ) |

| At 31 January 2026 | 49,122 |  | 141,710 |  | 14,006 |  | 204,838 |  |

| NET BOOK VALUE

| At 31 January 2026 | 725,878 |  | 419,373 |  | 37,076 |  | 1,182,327 |  |

| At 31 January 2025 | 732,764 |  | 461,577 |  | 33,448 |  | 1,227,789 |  |

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 January 2026 is represented by:

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| Valuation in 2023 | 131,076 |  | - |  | - |  | 131,076 |  |

| Cost | 643,924 |  | 561,083 |  | 51,082 |  | 1,256,089 |  |

775,000 |  | 561,083 |  | 51,082 |  | 1,387,165 |  |

| The properties were revalued by the directors at 31 January 2026. Their valuation was based on a report prepared by DM Hall, chartered surveyors, on 3 March 2026.

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 2 |  |

| NET BOOK VALUE

| At 31 January 2026 | 2 |  |

| At 31 January 2025 | 2 |  |

6. | STOCKS

2026 | 2025 |

£ | £ |

| Vehicles and parts | 1,157,602 |  | 968,662 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 139,158 |  | 141,882 |  |

| Amounts owed by group undertakings | 3,555 |  | - |  |

| Other debtors | 81,938 |  | 24,128 |  |

224,651 |  | 166,010 |  |

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 46,521 |  | 43,157 |  |

| Trade creditors | 409,377 |  | 349,353 |  |

| Stocking finance | 873,304 |  | 561,486 |  |

| Tax | 78,826 |  | 60,030 |  |

| Social security and other taxes | 136,066 |  | 118,076 |  |

| Other creditors | 494,505 |  | 354,963 |  |

2,038,599 |  | 1,487,065 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans - 1-2 years | 50,003 |  | 46,521 |  |

| Bank loans - 2-5 years | 175,146 |  | 162,361 |  |

| Bank loans more 5 yr by instal | 163,970 |  | 226,757 |  |

389,119 |  | 435,639 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 163,970 |  | 226,757 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2026 | 2025 |

£ | £ |

| Within one year | 62,722 |  | 63,082 |  |

| Between one and five years | 244,603 |  | 247,325 |  |

| In more than five years | 30,000 |  | 90,000 |  |

337,325 |  | 400,407 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 435,640 |  | 478,796 |  |

| Stocking finance | 873,304 |  | 561,486 |  |

1,308,944 |  | 1,040,282 |  |

| Any bank borrowings are secured by standard securities over part of the company's heritable properties at Helensburgh and a floating charge over the general assets of the company.

| Stocking finance is secured on the respective vehicles for which funds are advanced.

| Helensburgh Motor Sales Limited (Registered number: SC060106) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

12. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 127,435 |  | 135,326 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2025 | 135,326 |  |

| Provided during year | (7,891 | ) |

| Balance at 31 January 2026 | 127,435 |  |

| The deferred tax provision, which has been calculated assuming a tax rate of 25%, (2025 - 25%). The provision is comprised of accelerated capital allowances totalling £94,667 (2025 - £102,557) and a capital gains provision of £32,769 (2025 - £32,769).

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 1,178 | Ordinary | £1 | 1,178 |  | 1,178 |  |

| 8,793 | "A" Ordinary Shares | £1 | 8,793 |  | 8,793 |  |

9,971 |  | 9,971 |  |

14. | RESERVES

| Revaluation

| reserve

£ |

| At 1 February 2025

| and 31 January 2026 | 209,535 |  |

15. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Robert Henderson (Senior Statutory Auditor)

| for and on behalf of Henderson & Company

16. | ULTIMATE CONTROLLING PARTY

| The company's ultimate parent company and controlling party is Helensburgh Motor Holdings Limited, a company incorporated in Scotland, whose registered office is 5-7 John Street, Helensburgh, G84 8EA.

| Helensburgh Motor Holdings Limited is wholly owned by Helensburgh Automotive EOT Limited, whose registered office is 5 John Street, Helensburgh, G84 8BA.