REGISTERED NUMBER: 01455234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

FRENCH MARINE MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A French

J M French

S M French

SECRETARY:

J M French

REGISTERED OFFICE:

63 Waterside

Brightlingsea

Essex

CO7 0AX

REGISTERED NUMBER:

01455234 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

68,237

81,806

68,237

81,806

CURRENT ASSETS

Stocks

6

530,219

529,176

Debtors

7

65,847

73,799

Cash at bank

-

77,468

596,066

680,443

CREDITORS

Amounts falling due within one year

8

451,941

494,524

NET CURRENT ASSETS

144,125

185,919

TOTAL ASSETS LESS CURRENT LIABILITIES

212,362

267,725

CREDITORS

Amounts falling due after more than one year

9

(12,804

)

(23,641

)

PROVISIONS FOR LIABILITIES

-

(4,030

)

NET ASSETS

199,558

240,054

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

199,458

239,954

SHAREHOLDERS' FUNDS

199,558

240,054

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 28 July 2026 and were signed on its behalf by:

M A French - Director

J M French - Director

S M French - Director

1.	STATUTORY INFORMATION

French Marine 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover represents amounts invoiced by the company in respect of goods and services provided during the year, excluding Value Added Tax. The turnover and profit before taxation are both attributable to the principal activity of the company carried out in the UK.

Goodwill

Goodwill has been amortised over a period of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Tools & equipment

-

15% on reducing balance

Government grants

Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value. For some of the extensive range of stock, item cost is computed at selling price less estimated profit margin. Work in progress is valued at cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate. The assets of the scheme are held separately from those of the company in an independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

10,000

AMORTISATION

At 1 November 2024

and 31 October 2025

10,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Tools &

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 November 2024

17,584

97,332

397,836

512,752

Additions

-

8,999

206

9,205

Disposals

-

(15,399

)

-

(15,399

)

At 31 October 2025

17,584

90,932

398,042

506,558

DEPRECIATION

At 1 November 2024

17,584

62,739

350,623

430,946

Charge for year

-

9,165

7,113

16,278

Eliminated on disposal

-

(8,903

)

-

(8,903

)

At 31 October 2025

17,584

63,001

357,736

438,321

NET BOOK VALUE

At 31 October 2025

-

27,931

40,306

68,237

At 31 October 2024

-

34,593

47,213

81,806

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 November 2024

60,199

Additions

8,999

Disposals

(15,399

)

At 31 October 2025

53,799

DEPRECIATION

At 1 November 2024

28,327

Charge for year

8,594

Eliminated on disposal

(8,903

)

At 31 October 2025

28,018

NET BOOK VALUE

At 31 October 2025

25,781

At 31 October 2024

31,872

6.

STOCKS

2025

2024

£

£

Consumables

529,219

528,176

Work in progress

1,000

1,000

530,219

529,176

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,693

36,542

Corporation tax

-

3,772

Prepayments

30,154

33,485

65,847

73,799

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,980

-

Bounceback loan

7,006

10,228

Hire purchase contracts (see note 10)

10,966

11,222

Trade creditors

259,461

347,389

Social security and other taxes

80,173

31,821

Directors' current account

2,645

27,570

Other creditors

34,506

38,942

Accruals

28,204

27,352

451,941

494,524

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounceback loan 1-2 years

-

7,089

Hire purchase contracts (see note 10)

12,804

16,552

12,804

23,641

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,966

11,222

Between one and five years

12,804

16,552

23,770

27,774

Non-cancellable

operating leases

2025

2024

£

£

Within one year

37,689

37,689

Between one and five years

98,320

116,685

In more than five years

3,282

22,606

139,291

176,980

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

23,720

27,774

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2024 - £6,000) were paid to the directors .