REGISTERED NUMBER: 05769982 (England and Wales)

Unaudited Financial Statements

for the Period 1st October 2024 to 31st March 2026

for

PRO CARS (SOUTHAMPTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Osmond

Mrs G Osmond

SECRETARY:

Mrs G Osmond

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

05769982 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

-

768

CURRENT ASSETS

Stocks

-

182,310

Debtors

5

3,275

2,975

Cash at bank and in hand

4,689

119,809

7,964

305,094

CREDITORS

Amounts falling due within one year

6

(341

)

127,608

NET CURRENT ASSETS

8,305

177,486

TOTAL ASSETS LESS CURRENT LIABILITIES

8,305

178,254

PROVISIONS FOR LIABILITIES

-

146

NET ASSETS

8,305

178,108

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

8,155

177,958

SHAREHOLDERS' FUNDS

8,305

178,108

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 1st June 2026 and were signed on its behalf by:

P R Osmond - Director

1.	STATUTORY INFORMATION

Pro Cars (Southampton) 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.

Plant and machinery etc

-

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 period 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 period 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.

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 period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st October 2024

7,999

24,836

32,835

Disposals

(7,999

)

(24,836

)

(32,835

)

At 31st March 2026

-

-

-

DEPRECIATION

At 1st October 2024

7,745

24,322

32,067

Charge for period

127

223

350

Eliminated on disposal

(7,872

)

(24,545

)

(32,417

)

At 31st March 2026

-

-

-

NET BOOK VALUE

At 31st March 2026

-

-

-

At 30th September 2024

254

514

768

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Other debtors

3,275

2,975

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Taxation and social security

(1,046

)

253

Other creditors

705

127,355

(341

)

127,608

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2026 and the year ended 30th September 2024:

2026

2024

£

£

P R Osmond

Balance outstanding at start of period

101,942

115,007

Amounts advanced

95,000

-

Amounts repaid

(196,189

)

(13,065

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

753

101,942

Mrs N J Hobley

Balance outstanding at start of period

7,973

7,973

Amounts advanced

14,500

-

Amounts repaid

(22,473

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

7,973

Mrs G Osmond

Balance outstanding at start of period

10,000

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

10,000

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Osmond.