REGISTERED NUMBER: 09785754 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Severnside Car Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

C V Smith

Mrs S C Smith

Registered office:

39 Cardiff Road

Llandaff

Cardiff

South Glamorgan

CF5 2DP

Registered number:

09785754 (England and Wales)

Accountants:

BYB Accountancy Ltd

Incorporated Financial Accountants

39 Cardiff Road

Llandaff

Cardiff

South Glamorgan

CF5 2DP

Fixed assets

Tangible assets

4

74,766

105,525

Current assets

Stocks

213,412

216,827

Debtors

5

54,534

77,404

Cash at bank and in hand

140,977

281,086

408,923

575,317

Creditors

Amounts falling due within one year

6

359,178

272,989

Net current assets

49,745

302,328

Total assets less current liabilities

124,511

407,853

Creditors

Amounts falling due after more than one year

7

98,680

186,784

Net assets

25,831

221,069

Capital and reserves

Called up share capital

100

100

Retained earnings

25,731

220,969

25,831

221,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 1 July 2026 and were signed on its behalf by:

C V Smith - Director

Mrs S C Smith - Director

1.	STATUTORY INFORMATION

Severnside Car Company Ltd 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 November 2024

595

62,525

107,786

8,308

179,214

Additions

-

17,492

56,618

1,108

75,218

Disposals

-

-

(75,850

)

-

(75,850

)

At 31 October 2025

595

80,017

88,554

9,416

178,582

Depreciation

At 1 November 2024

595

35,533

31,936

5,625

73,689

Charge for year

-

26,406

2,263

1,458

30,127

At 31 October 2025

595

61,939

34,199

7,083

103,816

Net book value

At 31 October 2025

-

18,078

54,355

2,333

74,766

At 31 October 2024

-

26,992

75,850

2,683

105,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

54,534

77,404

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,972

20,972

Hire purchase contracts

3,821

26,691

Trade creditors

208,027

154,521

Taxation and social security

35,806

30,116

Other creditors

90,552

40,689

359,178

272,989

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

88,593

120,792

Hire purchase contracts

10,087

65,992

98,680

186,784