REGISTERED NUMBER: 09151472 (England and Wales)

Rheidol 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

Mrs R A 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:

09151472 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Intangible assets

4

65,997

76,353

Tangible assets

5

68,680

62,527

134,677

138,880

CURRENT ASSETS

Stocks

347,421

337,421

Debtors

6

386,076

405,906

Cash at bank and in hand

155,651

96,696

889,148

840,023

CREDITORS

Amounts falling due within one year

7

309,856

305,700

NET CURRENT ASSETS

579,292

534,323

TOTAL ASSETS LESS CURRENT LIABILITIES

713,969

673,203

PROVISIONS FOR LIABILITIES

17,170

15,632

NET ASSETS

696,799

657,571

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

696,699

657,471

SHAREHOLDERS' FUNDS

696,799

657,571

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 24 June 2026 and were signed on its behalf by:

R Fish - Director

Mrs R A Fish - Director

R D Fish - Director

Mrs E C Griffiths - Director

1.	STATUTORY INFORMATION

Rheidol 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 2022, is being amortised evenly over its estimated useful life of ten 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.

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.

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 16 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

103,563

AMORTISATION

At 1 January 2025

27,210

Charge for year

10,356

At 31 December 2025

37,566

NET BOOK VALUE

At 31 December 2025

65,997

At 31 December 2024

76,353

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

3,045

3,574

89,176

10,514

106,309

Additions

-

730

18,000

2,440

21,170

Disposals

-

-

(6,500

)

(1,311

)

(7,811

)

At 31 December 2025

3,045

4,304

100,676

11,643

119,668

DEPRECIATION

At 1 January 2025

2,718

2,040

28,714

10,310

43,782

Charge for year

65

197

13,409

546

14,217

Eliminated on disposal

-

-

(5,700

)

(1,311

)

(7,011

)

At 31 December 2025

2,783

2,237

36,423

9,545

50,988

NET BOOK VALUE

At 31 December 2025

262

2,067

64,253

2,098

68,680

At 31 December 2024

327

1,534

60,462

204

62,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

366,287

386,909

Other debtors

7,200

7,112

VAT

5,558

4,234

Prepayments

7,031

7,651

386,076

405,906

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

203,777

203,260

Tax

14,938

12,753

Social security and other taxes

11,152

8,237

Other creditors

74,193

76,276

Directors' current accounts

1,389

1,389

Accrued expenses

4,407

3,785

309,856

305,700

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No repayment terms have been set for the loan included within creditors and no interest has been charged by the directors.

9.	RELATED PARTY DISCLOSURES

Rheidol Motor Parts Ltd has paid rent to the directors in the year of £24,000 (2024: £24,000)