REGISTERED NUMBER: 01340051 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

DARON MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R I Daron

Mrs F M Daron

A R Hobbs

R J Biggs

R L Maddern

SECRETARY:

Mrs F M Daron

REGISTERED OFFICE:

15-21 Rails Lane

Hayling Island

Hampshire

PO11 9LG

REGISTERED NUMBER:

01340051 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

3a London Road

Purbrook

Waterlooville

Hampshire

PO7 5LQ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

946,770

960,601

946,771

960,602

CURRENT ASSETS

Stocks

1,545,126

1,662,577

Debtors

6

81,377

31,566

Cash at bank and in hand

426,827

522,526

2,053,330

2,216,669

CREDITORS

Amounts falling due within one year

7

1,133,763

1,225,838

NET CURRENT ASSETS

919,567

990,831

TOTAL ASSETS LESS CURRENT LIABILITIES

1,866,338

1,951,433

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Revaluation reserve

8

80,387

80,387

Retained earnings

1,685,951

1,771,046

SHAREHOLDERS' FUNDS

1,866,338

1,951,433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

R I Daron - Director

1.	STATUTORY INFORMATION

Daron Motors 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost of buildings

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 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.

Pension costs and other post-retirement benefits

The company operates a money purchase 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 year was 36 (2025 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

50,000

AMORTISATION

At 1 February 2025

and 31 January 2026

49,999

NET BOOK VALUE

At 31 January 2026

1

At 31 January 2025

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

and 31 January 2026

1,128,909

420,385

1,549,294

DEPRECIATION

At 1 February 2025

173,495

415,198

588,693

Charge for year

8,645

5,186

13,831

At 31 January 2026

182,140

420,384

602,524

NET BOOK VALUE

At 31 January 2026

946,769

1

946,770

At 31 January 2025

955,414

5,187

960,601

Included in cost or valuation of land and buildings is freehold land of £ 266,121 (2025 - £ 266,121 ) which is not depreciated.

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1993

56,337

-

56,337

Valuation in 2003

24,050

-

24,050

Cost

1,048,522

420,385

1,468,907

1,128,909

420,385

1,549,294

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

1,048,522

1,048,522

Aggregate depreciation

173,985

173,985

Value of land in freehold land and buildings

266,121

266,121

Freehold land and buildings were valued on open market motor trade basis on 8 October 2002 by Autohouse Associates, Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

52,267

8,909

Other debtors

29,110

22,657

81,377

31,566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

133,987

134,790

Taxation and social security

91,644

110,535

Other creditors

908,132

980,513

1,133,763

1,225,838

8.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

80,387

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R I Daron.