RPM Motors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI664362

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,601,379		3,321,879

			3,601,379		3,321,879
CURRENT ASSETS
Debtors	5	78,865		72,338

		78,865		72,338
Creditors: Amounts Falling Due Within One Year	6	(1,635,313 )		(1,459,665 )

NET CURRENT ASSETS (LIABILITIES)			(1,556,448 )		(1,387,327 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,044,931		1,934,552

Creditors: Amounts Falling Due After More Than One Year	7		(1,597,873 )		(1,496,540 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(119,564 )		(120,807 )

NET ASSETS			327,494		317,205

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			327,394		317,105

SHAREHOLDERS' FUNDS			327,494		317,205

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RPM Motors Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Rex Morrow

Director

27 February 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

RPM Motors Ltd is a private company, limited by shares, registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20-25% on cost
Motor Vehicles	20-25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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RPM Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	200,568	4,745,974	4,946,542
Additions	-	1,052,700	1,052,700
Disposals	(18,750 )	(1,057,422 )	(1,076,172 )

As at 31 December 2025	181,818	4,741,252	4,923,070

Depreciation
As at 1 January 2025	153,202	1,471,461	1,624,663
Provided during the period	13,365	632,541	645,906
Disposals	(18,750 )	(930,128 )	(948,878 )

As at 31 December 2025	147,817	1,173,874	1,321,691

Net Book Value
As at 31 December 2025	34,001	3,567,378	3,601,379

As at 1 January 2025	47,366	3,274,513	3,321,879

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	78,865	72,338

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	736,709	606,609
Trade creditors	5,748	23,446
Bank loans and overdrafts	783,255	670,905
Other creditors	37,400	104,476
Taxation and social security	72,201	54,229

	1,635,313	1,459,665

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,597,873	1,496,540

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RPM Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	736,709	606,609
Later than one year and not later than five years	1,597,873	1,496,540

	2,334,582	2,103,149

	2,334,582	2,103,149

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Other Services from Related Parties £	Loan Balances owed to/ (by) RPM Motors Ltd at the Year End £	Trade Balances owed to/ (by) RPM Motors Ltd at Year End £
Transactions with Other Related Parties	1,236,342	-	96,415	(25,000)	(101)

11. Ultimate Controlling Party

The ultimate controlling parties are the Directors due to their equity shareholding in the company.

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