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Registered number: 08971364
Empressive Motor Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08971364
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 499,416 478,294
499,416 478,294
CURRENT ASSETS
Stocks 5 2,229,363 1,298,986
Debtors 6 5,288 31,615
Cash at bank and in hand 88,947 43,338
2,323,598 1,373,939
Creditors: Amounts Falling Due Within One Year 7 (1,560,481 ) (518,774 )
NET CURRENT ASSETS (LIABILITIES) 763,117 855,165
TOTAL ASSETS LESS CURRENT LIABILITIES 1,262,533 1,333,459
Creditors: Amounts Falling Due After More Than One Year 8 (417,985 ) (548,626 )
NET ASSETS 844,548 784,833
CAPITAL AND RESERVES
Called up share capital 10 20 20
Profit and Loss Account 844,528 784,813
SHAREHOLDERS' FUNDS 844,548 784,833
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Steed
Director
5 June 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Empressive Motor Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08971364 . The registered office is Pant Industrial Estate Pant Industrial Estate, Dowlais, Merthyr Tydfil, CF48 2SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2025: 12)
11 12
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 414,885 117,889 147,394 129,021
Additions 81,883 11,645 - 2,990
Disposals - - (42,674 ) -
As at 31 March 2026 496,768 129,534 104,720 132,011
Depreciation
As at 1 April 2025 31,480 107,365 63,029 129,021
Provided during the period 9,936 7,962 26,180 748
Disposals - - (10,669 ) -
As at 31 March 2026 41,416 115,327 78,540 129,769
Net Book Value
As at 31 March 2026 455,352 14,207 26,180 2,242
As at 1 April 2025 383,405 10,524 84,365 -
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Computer Equipment Total
£ £
Cost
As at 1 April 2025 - 809,189
Additions 1,913 98,431
Disposals - (42,674 )
As at 31 March 2026 1,913 864,946
Depreciation
As at 1 April 2025 - 330,895
Provided during the period 478 45,304
Disposals - (10,669 )
As at 31 March 2026 478 365,530
Net Book Value
As at 31 March 2026 1,435 499,416
As at 1 April 2025 - 478,294
5. Stocks
2026 2025
£ £
Stock 2,229,363 1,298,986
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 2,738 -
Other debtors 2,550 31,615
5,288 31,615
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 9,901 9,901
Trade creditors 96,744 174,137
Bank loans and overdrafts 35,137 107,907
Other loans 924,528 -
Corporation tax 82,825 53,421
Other taxes and social security 11,462 7,593
VAT 48,528 29,815
Net wages 5,865 12,149
Other creditors 13,200 -
Other creditors (1) 3,698 -
Other creditors (2) 29,462 -
Pensions Payable 424 212
...CONTINUED
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Director's loan account 48,707 123,639
Amounts owed to other participating interests 250,000 -
1,560,481 518,774
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 62,071 71,971
Bank loans 55,914 76,655
Director's loan account 300,000 400,000
417,985 548,626
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,901 9,901
Later than one year and not later than five years 62,071 71,971
71,972 81,872
71,972 81,872
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 20 20
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