Celtic Automotive Ltd 31/12/2025 iXBRL

Company registration number: 07112735

Celtic Automotive Ltd

Trading as Celtic Auto Group

Filleted financial statements

31 December 2025

Celtic Automotive Ltd

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Notes to the financial statements

Celtic Automotive Ltd

Directors and other information


	Directors	Mr Antonio Sciascia
		Mr Dominic Castle


	Company number	07112735


	Registered office	Victoria Road
		Gorseinon
		Swansea
		West Glamorgan
		SA4 3AB


	Business address	Victoria Road
		Kingsbridge
		Gorseinon
		Swansea
		SA4 3AB


	Auditor	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF




	Bankers	Handelsbanken
		Ground Floor, Unit 14 Axis Court
		Mallard Way
		Swansea Vale
		SA7 0AJ

Celtic Automotive Ltd

Directors responsibilities statement

Year ended 31 December 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Celtic Automotive Ltd

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	57,544		76,601
		_______		_______
			57,544		76,601

Current assets
Stocks		1,537,487		1,148,809
Debtors	6	100,037		70,865
Cash at bank and in hand		894,028		787,109
		_______		_______
		2,531,552		2,006,783
Creditors: amounts falling due
within one year	7	( 1,482,781)		( 1,066,999)
		_______		_______
Net current assets			1,048,771		939,784
			_______		_______
Total assets less current liabilities			1,106,315		1,016,385


Provisions for liabilities			( 14,386)		( 19,151)

			_______		_______
Net assets			1,091,929		997,234
			_______		_______

Capital and reserves
Called up share capital			12,500		12,500
Capital redemption reserve			112,500		112,500
Profit and loss account			966,929		872,234
			_______		_______
Shareholders funds			1,091,929		997,234
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 July 2026 , and are signed on behalf of the board by:

Mr Antonio Sciascia

Director

Company registration number: 07112735

Celtic Automotive Ltd

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Celtic Automotive Ltd, Victoria Road, Gorseinon, Swansea, West Glamorgan, SA4 3AB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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


Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	33 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a 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.

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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these 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 plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2024: 19 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	101,245	36,127	15,278	152,650
Additions	-	3,125	-	3,125
	_______	_______	_______	_______
At 31 December 2025	101,245	39,252	15,278	155,775
	_______	_______	_______	_______
Depreciation
At 1 January 2025	39,718	31,874	4,456	76,048
Charge for the year	15,514	2,849	3,820	22,183
	_______	_______	_______	_______
At 31 December 2025	55,232	34,723	8,276	98,231
	_______	_______	_______	_______
Carrying amount
At 31 December 2025	46,013	4,529	7,002	57,544
	_______	_______	_______	_______
At 31 December 2024	61,527	4,253	10,822	76,602
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	50,465	33,898
Other debtors	49,572	36,967
	_______	_______
	100,037	70,865
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,097,989	699,815
Social security and other taxes	87,371	133,805
Other creditors	297,421	233,379
	_______	_______
	1,482,781	1,066,999
	_______	_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	28,575	54,525
Later than 1 year and not later than 5 years	357,840	297,675
Later than 5 years	504,900	566,100
	_______	_______
	891,315	918,300
	_______	_______

9. Summary audit opinion

The auditor's report dated 07 July 2026 was unqualified.

The senior statutory auditor was Mr Richard Reeves FCCA for and on behalf of Morgan Hemp

10. Related party transactions

Included in creditors is the amount owed to the directors of £86,654 (2024: £70,600). The loans are interest free and repayable on demand.

11. Controlling party

The company is under the control of Mr & Mrs A Sciascia, who owns 90% of the issued share capital.