REGISTERED NUMBER: 02009629 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

EASTERN AUTO SPARES (IPSWICH HOLDINGS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J Shortis

REGISTERED OFFICE:

186-200 Salhouse Road

Norwich

Norfolk

NR7 9AH

REGISTERED NUMBER:

02009629 (England and Wales)

AUDITORS:

Sexty & Co

Chartered Certified Accountants

& Statutory Auditor

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

SOLICITORS:

Howes Percival

Flint Buildings

1 Bedding Lane

Norwich

Norfolk

NR3 1RG

FIXED ASSETS

Tangible assets

4

62,212

63,170

Investments

5

13,333

13,333

75,545

76,503

CURRENT ASSETS

Debtors

6

69,897

52,981

Cash at bank

35,144

33,834

105,041

86,815

CREDITORS

Amounts falling due within one year

7

7,109

7,414

NET CURRENT ASSETS

97,932

79,401

TOTAL ASSETS LESS CURRENT LIABILITIES

173,477

155,904

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

1,233

1,233

Retained earnings

172,144

154,571

173,477

155,904

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 director and authorised for issue on 30 July 2026 and were signed by:

R J Shortis - Director

1.	STATUTORY INFORMATION

Eastern Auto Spares (Ipswich Holdings) 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 financial statements are presented in pounds sterling and are rounded to the nearest pound.

There will be no trading, property or other income beyond these financial statements. Although the financial statements have been prepared under the going concern basis, there is no material difference to them being prepared on a break-up basis.

Preparation of consolidated financial statements

The financial statements contain information about Eastern Auto Spares (Ipswich Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, K J Shortis Limited, Salhouse Road, Norwich, Norfolk, NR7 9AH.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery etc

-

15% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

62,212

4,889

67,101

Disposals

-

(4,889

)

(4,889

)

At 31 January 2026

62,212

-

62,212

DEPRECIATION

At 1 February 2025

-

3,931

3,931

Eliminated on disposal

-

(3,931

)

(3,931

)

At 31 January 2026

-

-

-

NET BOOK VALUE

At 31 January 2026

62,212

-

62,212

At 31 January 2025

62,212

958

63,170

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

13,333

NET BOOK VALUE

At 31 January 2026

13,333

At 31 January 2025

13,333

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

69,847

52,881

Other debtors

50

100

69,897

52,981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

6,100

6,400

Other creditors

1,009

1,014

7,109

7,414

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I A Barlow (Senior Statutory Auditor)

for and on behalf of Sexty & Co

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is K J Shortis Limited. The direct parent company is Wilco Motor Spares Ltd, a wholly owned subsidiary of K J Shortis Limited. Both K J Shortis Limited and Wilco Motor Spares Ltd have the same registered office address of 186 Salhouse Road, Norwich, NR7 9AH.