Registration number: 05526828

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Company Information

Directors

Mr M McKenzie-Crawford Mrs L McKenzie-Crawford

Company secretary

Mrs L McKenzie-Crawford

Registered office

Bob Davies Car Sales The Car Island Rassau Indusrial Estate Ebbw Vale Blaenau Gwent NP23 5SD

Bankers

HSBC Bank plc 127 - 128 High Street Merthyr Tydfil Mid Glamorgan CF47 8DN

Accountants

W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Blue Lizard Cars Limited trading as Bob Davies Car Sales

(Registration number: 05526828)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	743,900	777,515
Current assets
Stocks	5	873,933	954,678
Debtors	6	57,810	28,585
Cash at bank and in hand		209,685	209,085
		1,141,428	1,192,348
Creditors: Amounts falling due within one year	7	(610,194)	(725,293)
Net current assets		531,234	467,055
Total assets less current liabilities		1,275,134	1,244,570
Creditors: Amounts falling due after more than one year	7	(46,577)	(95,261)
Provisions for liabilities		(23,232)	(29,619)
Net assets		1,205,325	1,119,690
Capital and reserves
Called up share capital		2	2
Retained earnings		1,205,323	1,119,688
Shareholders' funds		1,205,325	1,119,690

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

Blue Lizard Cars Limited trading as Bob Davies Car Sales

(Registration number: 05526828)
Balance Sheet as at 31 October 2025

......................................... Mr M McKenzie-Crawford Director

......................................... Mrs L McKenzie-Crawford Company secretary and director

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bob Davies Car Sales
The Car Island
Rassau Indusrial Estate
Ebbw Vale
Blaenau Gwent
NP23 5SD

These financial statements were authorised for issue by the Board on 22 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of used cars in the ordinary course of the company’s activities. Turnover is shown net of value added tax calculated under the margin scheme.

The company recognises revenue when the customer has taken delivery of the vehicle.

Government grants

Government grants are accounted for as received, except grants under the Job Retention Scheme which are accounted for in accordance with the payroll periods to which they relate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation .

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% on cost
Fixtures and fittings	10% on cost
Plant and machinery	20% on cost
Office equipment	33% on cost
Motor vehicles	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for vehicles sold and from finance companies in respect of finance arrangements made by customers.

Trade debtors are recognised at the transaction price.

Stocks

Stocks of used cars are stated at the lower of cost and actual or anticipated selling price.

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities.

Trade creditors are recognised at the transaction price .

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the actual interest charge for the period and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

Dividends

Dividend distributions to the company’s shareholders are recognised as liabilities in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 11).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	649,206	42,935	40,027	24,315	163,979	920,462
Additions	-	-	3,225	6,151	-	9,376
At 31 October 2025	649,206	42,935	43,252	30,466	163,979	929,838
Depreciation
At 1 November 2024	27,581	24,124	34,846	22,420	33,976	142,947
Charge for the year	6,265	5,609	3,043	2,074	26,000	42,991
At 31 October 2025	33,846	29,733	37,889	24,494	59,976	185,938
Carrying amount
At 31 October 2025	615,360	13,202	5,363	5,972	104,003	743,900
At 31 October 2024	621,625	18,811	5,181	1,895	130,003	777,515

Included within the net book value of land and buildings above is £615,360 (2024 - £621,625) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	873,933	954,678

6

Debtors

Current	2025 £	2024 £
Trade debtors	57,705	28,482
Prepayments	105	103
	57,810	28,585

Blue Lizard Cars Limited trading as Bob Davies Car Sales

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	115,278	321,330
Trade creditors		160,274	119,614
Taxation and social security		119,289	92,420
Accruals and deferred income		13,446	12,942
Other creditors		201,907	178,987
		610,194	725,293

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	46,577	95,261

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	46,577	95,261

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	38,883	50,847
Other borrowings	76,395	270,483
	115,278	321,330