REGISTERED NUMBER: 06249413 (England and Wales)

Newtown Motor Parts Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Fish

R D Fish

Mrs E C Griffiths

SECRETARY:

Mrs E C Griffiths

REGISTERED OFFICE:

47 Weeping Cross Lane

Ludlow

SHROPSHIRE

SY8 1JH

REGISTERED NUMBER:

06249413 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Intangible assets

4

13,500

18,000

Tangible assets

5

259,756

249,932

273,256

267,932

CURRENT ASSETS

Stocks

351,623

333,656

Debtors

6

646,996

803,580

Cash at bank and in hand

1,229,205

948,207

2,227,824

2,085,443

CREDITORS

Amounts falling due within one year

7

483,690

560,432

NET CURRENT ASSETS

1,744,134

1,525,011

TOTAL ASSETS LESS CURRENT LIABILITIES

2,017,390

1,792,943

PROVISIONS FOR LIABILITIES

40,185

38,497

NET ASSETS

1,977,205

1,754,446

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,977,105

1,754,346

SHAREHOLDERS' FUNDS

1,977,205

1,754,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 June 2026 and were signed on its behalf by:

R Fish - Director

R D Fish - Director

Mrs E C Griffiths - Director

1.	STATUTORY INFORMATION

Newtown Motor Parts 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

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 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

90,000

AMORTISATION

At 1 January 2025

72,000

Amortisation for year

4,500

At 31 December 2025

76,500

NET BOOK VALUE

At 31 December 2025

13,500

At 31 December 2024

18,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2025

94,990

3,629

9,337

Additions

-

3,200

-

Disposals

-

-

-

At 31 December 2025

94,990

6,829

9,337

DEPRECIATION

At 1 January 2025

-

290

6,543

Charge for year

-

125

559

Eliminated on disposal

-

-

-

At 31 December 2025

-

415

7,102

NET BOOK VALUE

At 31 December 2025

94,990

6,414

2,235

At 31 December 2024

94,990

3,339

2,794

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

67,991

160,324

24,639

360,910

Additions

-

37,240

-

40,440

Disposals

-

(8,275

)

-

(8,275

)

At 31 December 2025

67,991

189,289

24,639

393,075

DEPRECIATION

At 1 January 2025

33,757

46,017

24,371

110,978

Charge for year

3,424

22,851

268

27,227

Eliminated on disposal

-

(4,886

)

-

(4,886

)

At 31 December 2025

37,181

63,982

24,639

133,319

NET BOOK VALUE

At 31 December 2025

30,810

125,307

-

259,756

At 31 December 2024

34,234

114,307

268

249,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

615,258

768,318

Other debtors

18,901

19,739

VAT

-

1,323

Prepayments

12,837

14,200

646,996

803,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

270,939

333,573

Tax

72,793

67,154

Social security and other taxes

16,515

13,162

VAT

5,818

-

Other creditors

43,559

45,814

Directors' current accounts

54,681

76,536

Accrued expenses

19,385

24,193

483,690

560,432

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged to the company by the directors on the loans included within creditors. The interest has been charged at a market rate of 12%.

9.	RELATED PARTY DISCLOSURES

Newtown Motor Parts Ltd pays rent to entities in which the directors have an interest of £13,430.95 (2024: £13,430.95)

Newtown Motor Parts Ltd has paid rent to the directors in the year of £15,913.00 (2024: £16,569.00)