REGISTERED NUMBER: 02500550 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2026

for

Gorse Motors (Brandon) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L J Coe

Mr D R Restarick

REGISTERED OFFICE:

Brandon Test Centre

15 Barnes Close

Brandon

Suffolk

IP27 0NY

REGISTERED NUMBER:

02500550 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

BANKERS:

Barclays

4 Bridge Street

Thetford

Norfolk

IP24 3AB

FIXED ASSETS

Tangible assets

4

119,319

127,493

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

5

10,836

10,725

Cash at bank and in hand

75,745

97,329

91,581

113,054

CREDITORS

Amounts falling due within one year

6

49,291

57,621

NET CURRENT ASSETS

42,290

55,433

TOTAL ASSETS LESS CURRENT LIABILITIES

161,609

182,926

PROVISIONS FOR LIABILITIES

14,748

15,946

NET ASSETS

146,861

166,980

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

145,861

165,980

SHAREHOLDERS' FUNDS

146,861

166,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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 13th August 2026 and were signed on its behalf by:

Mrs L J Coe - Director

Mr D R Restarick - Director

1.	STATUTORY INFORMATION

Gorse Motors (Brandon) Limited 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1st June 2025

89,189

140,370

68,508

298,067

Additions

-

12,789

-

12,789

Disposals

-

(299

)

-

(299

)

At 31st May 2026

89,189

152,860

68,508

310,557

DEPRECIATION

At 1st June 2025

45,729

102,845

22,000

170,574

Charge for year

1,786

7,546

11,627

20,959

Eliminated on disposal

-

(295

)

-

(295

)

At 31st May 2026

47,515

110,096

33,627

191,238

NET BOOK VALUE

At 31st May 2026

41,674

42,764

34,881

119,319

At 31st May 2025

43,460

37,525

46,508

127,493

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,802

5,613

Prepayments and accrued income

3,034

5,112

10,836

10,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

12,644

25,304

Tax

18,060

17,235

Social security and other taxes

3,713

-

VAT

10,827

10,537

Directors' current accounts

2,342

2,501

Accruals and deferred income

1,705

2,044

49,291

57,621

7.

RESERVES

Retained

earnings

£

At 1st June 2025

165,980

Profit for the year

57,881

Dividends

(78,000

)

At 31st May 2026

145,861

8.	ULTIMATE CONTROLLING PARTY