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COMPANY REGISTRATION NUMBER: 05447109

Major Motors Limited

Filleted Unaudited Financial Statements

31 March 2026

Major Motors Limited

Financial Statements

Year ended 31 March 2026

Contents | Pages

Balance sheet | 1 to 2

Notes to the financial statements | 3 to 7

Major Motors Limited

Balance Sheet

31 March 2026

| 2026 | 2025
Note | £ | £

Fixed assets

Tangible assets | 5 | 11,230 | 11,237

Current assets

Stocks | 9,270 | 9,000
Debtors | 6 | 8,137 | 12,627
Cash at bank and in hand | 138,047 | 445,085
| --------- | ---------
| 155,454 | 466,712

Creditors: amounts falling due within one year | 7 | 109,027 | 208,533
| --------- | ---------
Net current assets | 46,427 | 258,179
| -------- | ---------
Total assets less current liabilities | 57,657 | 269,416

Provisions

Taxation including deferred tax | 2,500 | 2,500
| -------- | ---------
Net assets | 55,157 | 266,916
| -------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 55,057 | 266,816
| -------- | ---------
Shareholders funds | 55,157 | 266,916
| -------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Major Motors Limited

Balance Sheet (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 5 August 2026 , and are signed on behalf of the board by:

Mr R Salt
Director

Company registration number: 05447109

Major Motors Limited

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales, registration number 05447109 . The address of the registered office is Chapel Street, May Bank, Newcastle-under-Lyme, Staffordshire, ST5 9LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.
Revenue recognition
Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold Property | - | 20% reducing balance
| Plant and Machinery | - | 25% reducing balance
| Fixtures and Fittings | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 25% straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is the purchase price of raw materials calculated on an actual basis. Net realisable value is the estimated proceeds from the sale of stock items.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2025: 12 ).
5. Tangible assets

| Leasehold Property | Plant and machinery | Fixtures and fittings | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2025 | 10,416 | 66,592 | 9,015 | 4,364 | 90,387
Additions | – | 3,500 | – | – | 3,500
| -------- | -------- | ------- | ------- | --------
At 31 March 2026 | 10,416 | 70,092 | 9,015 | 4,364 | 93,887
| -------- | -------- | ------- | ------- | --------
Depreciation |  |  |  |  |
At 1 April 2025 | 10,142 | 58,303 | 6,706 | 3,999 | 79,150
Charge for the year | 55 | 2,948 | 347 | 157 | 3,507
| -------- | -------- | ------- | ------- | --------
At 31 March 2026 | 10,197 | 61,251 | 7,053 | 4,156 | 82,657
| -------- | -------- | ------- | ------- | --------
Carrying amount |  |  |  |  |
At 31 March 2026 | 219 | 8,841 | 1,962 | 208 | 11,230
| -------- | -------- | ------- | ------- | --------
At 31 March 2025 | 274 | 8,289 | 2,309 | 365 | 11,237
| -------- | -------- | ------- | ------- | --------

6. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 8,137 | 4,884
Other debtors | – | 7,743
| ------- | --------
| 8,137 | 12,627
| ------- | --------

7. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 31,345 | 47,175
Corporation tax | 54,756 | 128,404
Social security and other taxes | 18,539 | 23,575
Other creditors | 4,387 | 9,379
| --------- | ---------
| 109,027 | 208,533
| --------- | ---------

8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 | 2025
| £ | £
Not later than 1 year | 24,000 | –
Later than 1 year and not later than 5 years | 72,000 | –
| -------- | ----
| 96,000 | –
| -------- | ----