REGISTERED NUMBER: 02276466 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

CHRIS NOYLAND BILL RHODES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Rhodes

N R Rhodes

A Johnson

REGISTERED OFFICE:

Markham Terrace

Broadfield Road

Sheffield

South Yorkshire

S8 0XU

REGISTERED NUMBER:

02276466 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

4

3,836

4,514

CURRENT ASSETS

Stocks

223,246

137,984

Debtors

5

12,339

9,358

Cash at bank and in hand

13,510

37,211

249,095

184,553

CREDITORS

Amounts falling due within one year

6

153,857

91,995

NET CURRENT ASSETS

95,238

92,558

TOTAL ASSETS LESS CURRENT LIABILITIES

99,074

97,072

CREDITORS

Amounts falling due after more than one year

7

-

(560

)

PROVISIONS FOR LIABILITIES

9

(729

)

(919

)

NET ASSETS

98,345

95,593

CAPITAL AND RESERVES

Called up share capital

40,050

40,050

Retained earnings

58,295

55,543

SHAREHOLDERS' FUNDS

98,345

95,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 July 2026 and were signed on its behalf by:

J C Rhodes - Director

N R Rhodes - Director

1.	STATUTORY INFORMATION

Chris Noyland Bill Rhodes 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.

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

Turnover

Turnover represents income generated from the sale and repair of motor vehicles, excluding value added tax, and is recognised when the sale, or repair, of a motor vehicle is completed.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks comprise motor vehicles which are valued at the lower of cost, and net realisable value, and motor vehicle parts which are valued at purchase cost. Cost for the motor vehicle parts is calculated using the first in, first out formula.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment

At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

25,657

18,437

44,094

DEPRECIATION

At 1 April 2025

23,127

16,453

39,580

Charge for year

380

298

678

At 31 March 2026

23,507

16,751

40,258

NET BOOK VALUE

At 31 March 2026

2,150

1,686

3,836

At 31 March 2025

2,530

1,984

4,514

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

8,145

4,855

Prepayments

4,194

4,503

12,339

9,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

3,943

5,443

Corporation tax

8,940

12,418

Social security and other taxes

412

720

VAT

11,167

11,114

Directors' current accounts

118,000

50,000

Accruals and deferred income

11,395

2,300

153,857

91,995

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

560

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

18,000

18,000

Between one and five years

30,000

48,000

48,000

66,000

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

729

919

Deferred

tax

£

Balance at 1 April 2025

919

Accelerated Capital Allowances

(190

)

Balance at 31 March 2026

729