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Registration number: 11784268

King Edwards Street Car & Classics Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

King Edwards Street Car & Classics Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

King Edwards Street Car & Classics Limited

(Registration number: 11784268)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 12,318 | 21,077
Current assets |  |  |
Stocks | 5 | 336,538 | 311,609
Debtors | 6 | 138,458 | 115,849
Cash at bank and in hand |  | 86,935 | 60,494
|  | 561,931 | 487,952
Creditors: Amounts falling due within one year | 7 | (39,966) | (46,984)
Net current assets |  | 521,965 | 440,968
Total assets less current liabilities |  | 534,283 | 462,045
Creditors: Amounts falling due after more than one year | 7 | - | (5,497)
Provisions for liabilities |  | (14,522) | 15,835
Net assets |  | 519,761 | 472,383
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 519,661 | 472,283
Shareholders' funds |  | 519,761 | 472,383

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 26 March 2026

......................................... Mr Matthew Thomson Director

King Edwards Street Car & Classics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5-6 King Edward Street
Grimsby
DN31 3JD

These financial statements were authorised for issue by the director on 26 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

King Edwards Street Car & Classics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 20% Straight line
Office Equipment | 33% Straight line
Plant & Machinery | 33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

King Edwards Street Car & Classics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 6).

King Edwards Street Car & Classics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 4,459 | 38,850 | 43,309
Additions | 274 | 10,770 | 11,044
Disposals | - | (38,550) | (38,550)
At 31 December 2025 | 4,733 | 11,070 | 15,803
Depreciation
At 1 January 2025 | 1,433 | 20,799 | 22,232
Charge for the year | 1,510 | 1,678 | 3,188
Eliminated on disposal | - | (21,935) | (21,935)
At 31 December 2025 | 2,943 | 542 | 3,485
Carrying amount
At 31 December 2025 | 1,790 | 10,528 | 12,318
At 31 December 2024 | 3,026 | 18,051 | 21,077

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 336,538 | 311,609

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 3,850
Other debtors | 138,458 | 111,999
| 138,458 | 115,849

King Edwards Street Car & Classics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 5,290 | 10,168
Trade creditors |  | 3,933 | 8,636
Taxation and social security |  | 25,183 | 20,132
Accruals and deferred income |  | 3,940 | 3,500
Other creditors |  | 1,620 | 4,548
|  | 39,966 | 46,984

8 | Related party transactions

Transactions with the Director

2025 | At 1 January 2025 £ | Advances to Director £ | At 31 December 2025 £
Mr Matthew Thomson
Director's Loan Account - Interest charged at the officil rate of interest | 63,638 | 19,900 | 83,538

2024 | At 1 January 2024 £ | Advances to Director £ | At 31 December 2024 £
Mr Matthew Thomson
Director's Loan Account - Interest charged at the officil rate of interest | 37,609 | 26,029 | 63,638