Company registration number 10756706 (England and Wales)
WELLS MOTOR CARS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
WELLS MOTOR CARS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
WELLS MOTOR CARS LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,469,138
784,462
Tangible assets
4
259,570
298,618
1,728,708
1,083,080
Current assets
Debtors
5
19,846
7,129
Cash at bank and in hand
1,192,978
1,509,212
1,212,824
1,516,341
Creditors: amounts falling due within one year
6
(3,221,331)
(3,316,510)
Net current liabilities
(2,008,507)
(1,800,169)
Net liabilities
(279,799)
(717,089)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(279,899)
(717,189)
Total equity
(279,799)
(717,089)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 August 2026
Robin Edward Wells
Director
Company Registration No. 10756706
WELLS MOTOR CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Wells Motor Cars Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ladbroke Road, Bishops Itchington, Southam, England, CV47 2RP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company meets its day to day working capital requirements through the support of the director in the form of unsecured loans. The director has confirmed that the loans will continue to be available to the company as required.true

The company continues to meet its liabilities as they fall due.

The director has considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all information available to him, believes it appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover

Turnover represents sale of motor vehicles and is shown net of VAT and other sales related taxes.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets other than goodwill

Internally generated i ntangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website costs
10% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

WELLS MOTOR CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% Straight Line
Plant and equipment
20% Straight Line
Fixtures and fittings
20% Straight Line
Motor vehicles
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

WELLS MOTOR CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
5
WELLS MOTOR CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 June 2024
1,859,319
Additions
70,296
At 31 May 2025
1,929,615
Amortisation and impairment
At 1 June 2024
1,074,857
Amortisation charged for the year
832
Reversal of past impairment loss
(615,212)
At 31 May 2025
460,477
Carrying amount
At 31 May 2025
1,469,138
At 31 May 2024
784,462
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
358,350
15,993
374,343
Additions
26,661
11,276
37,937
At 31 May 2025
385,011
27,269
412,280
Depreciation and impairment
At 1 June 2024
72,751
2,974
75,725
Depreciation charged in the year
71,670
5,315
76,985
At 31 May 2025
144,421
8,289
152,710
Carrying amount
At 31 May 2025
240,590
18,980
259,570
At 31 May 2024
285,599
13,019
298,618
WELLS MOTOR CARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
264
-
0
Other debtors
19,582
7,129
19,846
7,129
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
50,770
32,014
Taxation and social security
1,078
10,085
Other creditors
3,169,483
3,274,411
3,221,331
3,316,510
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
37,333
-
0
2025-05-31 2024-06-01 false false false 19 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Robin Edward Wells Robin Edward Wells 10756706 2024-06-01 2025-05-31 10756706 2025-05-31 10756706 2024-05-31 10756706 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 10756706 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 10756706 core:LandBuildings 2025-05-31 10756706 core:OtherPropertyPlantEquipment 2025-05-31 10756706 core:LandBuildings 2024-05-31 10756706 core:OtherPropertyPlantEquipment 2024-05-31 10756706 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 10756706 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10756706 core:CurrentFinancialInstruments 2025-05-31 10756706 core:CurrentFinancialInstruments 2024-05-31 10756706 core:ShareCapital 2025-05-31 10756706 core:ShareCapital 2024-05-31 10756706 core:RetainedEarningsAccumulatedLosses 2025-05-31 10756706 core:RetainedEarningsAccumulatedLosses 2024-05-31 10756706 bus:CompanySecretaryDirector1 2024-06-01 2025-05-31 10756706 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 10756706 core:ComputerSoftware 2024-06-01 2025-05-31 10756706 core:LeaseholdImprovements 2024-06-01 2025-05-31 10756706 core:PlantMachinery 2024-06-01 2025-05-31 10756706 core:FurnitureFittings 2024-06-01 2025-05-31 10756706 core:MotorVehicles 2024-06-01 2025-05-31 10756706 2023-06-01 2024-05-31 10756706 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 10756706 core:LandBuildings 2024-05-31 10756706 core:OtherPropertyPlantEquipment 2024-05-31 10756706 2024-05-31 10756706 core:LandBuildings 2024-06-01 2025-05-31 10756706 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 10756706 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10756706 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10756706 bus:FRS102 2024-06-01 2025-05-31 10756706 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 10756706 bus:Director1 2024-06-01 2025-05-31 10756706 bus:CompanySecretary1 2024-06-01 2025-05-31 10756706 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP