The Starter Motor & Alternator Co Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

(Registration number: 04691357)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	1	1
Tangible assets	5	6,894	6,186
		6,895	6,187
Current assets
Stocks		432,000	410,000
Debtors	6	2,919	2,768
Cash at bank and in hand		174,187	88,917
		609,106	501,685
Creditors: Amounts falling due within one year	7	(284,335)	(187,300)
Net current assets		324,771	314,385
Total assets less current liabilities		331,666	320,572
Creditors: Amounts falling due after more than one year	7	-	(4,281)
Provisions for liabilities		(1,827)	(1,865)
Net assets		329,839	314,426
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		328,839	313,426
Shareholders' funds		329,839	314,426

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 19 June 2026

The Starter Motor & Alternator Co Ltd

(Registration number: 04691357)
Statement of Financial Position as at 31 March 2026 (continued)

Mr J T Warne
Director

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
40 Valley Road
Plymouth
Devon
PL7 1RF

Principal activity

The principal activity of the company is the sale of motor spares.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Fixtures, fittings and equipment	25% straight line
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2025 - 6).

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Intangible assets

Goodwill
£

Total
£

Cost or valuation

At 1 April 2025

60,000

60,000

At 31 March 2026

60,000

60,000

Amortisation

At 1 April 2025

59,999

59,999

At 31 March 2026

59,999

59,999

Carrying amount

At 31 March 2026

1

1

At 31 March 2025

1

1

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 April 2025

907

13,811

8,995

23,713

Additions

483

1,861

-

2,344

Disposals

-

(140)

(8,995)

(9,135)

At 31 March 2026

1,390

15,532

-

16,922

Depreciation

At 1 April 2025

907

7,866

8,754

17,527

Charge for the year

122

1,154

-

1,276

Eliminated on disposal

-

(21)

(8,754)

(8,775)

At 31 March 2026

1,029

8,999

-

10,028

Carrying amount

At 31 March 2026

361

6,533

-

6,894

At 31 March 2025

-

5,945

241

6,186

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

6

Debtors

	2026 £	2025 £
Other debtors	219	-
Prepayments	2,700	2,768
	2,919	2,768

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Loans and borrowings	9	4,189	4,000
Trade creditors		53,276	20,123
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	97,020	18,120
Taxation and social security		84,999	66,499
Accruals and deferred income		3,045	3,065
Other creditors		41,806	75,493
		284,335	187,300

Creditors include bank loans and overdrafts which are secured of £4,189 (2025 - £4,000).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Loans and borrowings	9	-	4,281

Creditors include bank loans and overdrafts which are secured of £- (2025 - £4,281).

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

The Starter Motor & Alternator Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £

Bank borrowings	-	4,281

Current loans and borrowings

	2026 £	2025 £

Bank borrowings	4,189	4,000

10	Related party transactions

Loans from related parties

2026	Parent £	Total £
At start of period	18,120	18,120
Advanced	167,000	167,000
Repaid	(88,100)	(88,100)
At end of period	97,020	97,020

2025	Parent £	Total £
Advanced	100,000	100,000
Repaid	(81,880)	(81,880)
At end of period	18,120	18,120

11	Parent and ultimate parent undertaking

The company's immediate parent is J Warne Holdings Ltd, incorporated in England & Wales.

	Goodwill £	Total £
Cost or valuation
At 1 April 2025	60,000	60,000
At 31 March 2026	60,000	60,000
Amortisation
At 1 April 2025	59,999	59,999
At 31 March 2026	59,999	59,999
Carrying amount
At 31 March 2026	1	1
At 31 March 2025	1	1

	Fixtures and fittings £	Plant and machinery £	Motor vehicles £	Total £
Cost or valuation
At 1 April 2025	907	13,811	8,995	23,713
Additions	483	1,861	-	2,344
Disposals	-	(140)	(8,995)	(9,135)
At 31 March 2026	1,390	15,532	-	16,922
Depreciation
At 1 April 2025	907	7,866	8,754	17,527
Charge for the year	122	1,154	-	1,276
Eliminated on disposal	-	(21)	(8,754)	(8,775)
At 31 March 2026	1,029	8,999	-	10,028
Carrying amount
At 31 March 2026	361	6,533	-	6,894
At 31 March 2025	-	5,945	241	6,186