E-Carparts Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 04785965

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,289		16,348

			14,289		16,348
CURRENT ASSETS
Stocks	5	40,951		46,693
Debtors	6	90,372		72,840
Cash at bank and in hand		113,996		94,988

		245,319		214,521
Creditors: Amounts Falling Due Within One Year	7	(202,109 )		(195,713 )

NET CURRENT ASSETS (LIABILITIES)			43,210		18,808

TOTAL ASSETS LESS CURRENT LIABILITIES			57,499		35,156

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,572 )		(4,087 )

NET ASSETS			53,927		31,069

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			53,827		30,969

SHAREHOLDERS' FUNDS			53,927		31,069

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E-Carparts Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the 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.

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 Income Statement.

On behalf of the board

Mr Nicholas Daldry Director	Mr Robert Majdan - Scriven Director
19/06/2026

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

1. General Information

E-Carparts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04785965 . The registered office is Unit 3 1 Stockton End, Sandy, SG19 1SB.

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 represents the fair value of consideration received or receivable for goods supplied and services provided, net of value-added tax (VAT), trade discounts, and other sales-related taxes.

Recognition of Revenue

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, the amount can be measured reliably, and it is probable that economic benefits will flow to the company.

Car repairs, servicing, and MOTs – Revenue is recognised when the service is completed and the vehicle is returned to the customer.

Car sales – Revenue is recognised when the vehicle is delivered to the customer, and the company has no significant continuing involvement in the vehicle.

For all transactions, turnover excludes VAT and is stated net of any discounts or rebates given.

Sale of Goods vs. Services

Goods (car sales) – Revenue is recognised at the point of delivery.

Services (repairs, servicing, MOTs) – Revenue is recognised when the service is performed.

This policy complies with the requirements of FRS 102 Section 23 – Revenue and reflects the company’s principal revenue-generating activities.

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	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Stocks and Work in Progress

Stock is stated at the lower of cost and net realisable value.

Parts and materials – Includes consumables, spare parts, and components held for use in repairs and servicing.

Vehicles held for resale (car stock) – Includes used and new cars purchased for resale. Cost includes the purchase price, directly attributable costs (e.g., delivery charges), and any necessary reconditioning costs.

Work in Progress (WIP)

Work in progress represents:

Uncompleted repairs and servicing jobs – Valued at direct costs incurred to date (labour and materials).

Part-exchange vehicles awaiting sale – Recorded at the lower of trade-in value or estimated net realisable value.

Cost Formula

First-in, first-out (FIFO) or specific identification (for high-value items) is used to determine cost.

Net realisable value is the estimated selling price less any costs to complete and sell.

Write-downs & Provisions

Stock is reviewed regularly for obsolescence or impairment. If net realisable value falls below cost, a write-down is recognised in profit or loss.

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E-Carparts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable 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 company's liability for current tax is calculated using tax rates 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 generally recognised for all taxable timing differences. Deferred tax assets are generally 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 of 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 recovered.

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 the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2025: 13)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	176,528	4,499	10,838	191,865
Additions	-	3,604	-	3,604
Disposals	-	(1,600 )	-	(1,600 )

As at 31 March 2026	176,528	6,503	10,838	193,869

Depreciation
As at 1 April 2025	161,332	3,598	10,587	175,517
Provided during the period	3,799	957	63	4,819
Disposals	-	(756 )	-	(756 )

As at 31 March 2026	165,131	3,799	10,650	179,580

Net Book Value
As at 31 March 2026	11,397	2,704	188	14,289

As at 1 April 2025	15,196	901	251	16,348

5. Stocks

	2026	2025
	£	£
Materials	40,951	46,693

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E-Carparts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	71,277	55,813
Prepayments and accrued income	13,807	11,099
Other debtors	5,288	5,928

	90,372	72,840

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	74,406	82,694
Corporation tax	54,284	43,843
Other taxes and social security	6,229	5,575
VAT	24,015	21,717
Pension payable	1,119	1,145
Accruals and deferred income	5,560	6,867
Directors' loan accounts	36,496	33,872

	202,109	195,713

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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