CLEEVELY_MOTORS_LIMITED_30_Sep_2025_companies_house_set_of

CLEEVELY MOTORS LIMITED

Statement of Financial Position

30 September 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	79,872		98,146
Investments	6	-		30,000
		79,872		128,146
Current assets
Stocks		4,781		4,428
Debtors	7	44,756		27,028
Cash at bank and in hand		471,143		318,546
		520,680		350,002
Creditors: amounts falling due within one year	8	(200,055	)	(136,789	)
Net current assets		320,625		213,213
Total assets less current liabilities		400,497		341,359
Creditors: amounts falling due after more than one year	9	(2,899	)	(21,437	)
Net assets		397,598		319,922
Capital and reserves
Called up share capital		1,001		1,001
Profit and loss account		396,597		318,921
Shareholders funds		397,598		319,922

For the year ending

30 September 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

26 June 2026

, and are signed on behalf of the board by:

M Cleevely

Director

Company registration number:

00736131

CLEEVELY MOTORS LIMITED

Notes to the Financial Statements

Year ended

30 September 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

41a Lansdown Industrial Estate

Gloucester Road

Cheltenham

GL51 8PS

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

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 the 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.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	20% Reducing Balance
Land and buildings	Straight line over 25 years

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.

All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024:

12.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 October 2024	23,000	342,849	365,849
Additions	-	16,702	16,702
At 30 September 2025	23,000	359,551	382,551
Depreciation
At 1 October 2024	3,685	264,018	267,703
Charge	924	34,052	34,976
At 30 September 2025	4,609	298,070	302,679
Carrying amount
At 30 September 2025	18,391	61,481	79,872
At 30 September 2024	19,315	78,831	98,146

6 Investments

	Other investments
	£
Cost
At 1 October 2024	30,000
Disposals	(30,000	)
At 30 September 2025	-
Impairment
At 1 October 2024 and 30 September 2025	-
Carrying amount
At 30 September 2025	-
At 30 September 2024	30,000

7 Debtors

	2025	2024
	£	£
Trade debtors	12,131	3,889
Other debtors	32,625	23,139
	44,756	27,028

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	128,076	59,882
Taxation and social security	60,610	72,957
Other creditors	11,369	3,950
	200,055	136,789

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	11,880		20,418
Other creditors	(8,981	)	1,019
	2,899		21,437