REGISTERED NUMBER: 04488611 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MICHAEL DOUGLAS AUTOSALVAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Michael William Douglas

REGISTERED OFFICE:

Stainton Road

Etterby

Carlisle

Cumbria

CA3 9QU

REGISTERED NUMBER:

04488611 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

FIXED ASSETS

Tangible assets

4

668,947

581,907

CURRENT ASSETS

Stocks

146,000

150,000

Debtors

5

8,094

187,983

Cash at bank and in hand

1,169,027

844,775

1,323,121

1,182,758

CREDITORS

Amounts falling due within one year

6

154,743

201,215

NET CURRENT ASSETS

1,168,378

981,543

TOTAL ASSETS LESS CURRENT LIABILITIES

1,837,325

1,563,450

CREDITORS

Amounts falling due after more than one year

7

(49,276

)

(36,300

)

PROVISIONS FOR LIABILITIES

(167,237

)

(145,477

)

NET ASSETS

1,620,812

1,381,673

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Profit and loss account

1,619,812

1,380,673

1,620,812

1,381,673

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2026 and were signed by:

Michael William Douglas - Director

1.	STATUTORY INFORMATION

Michael Douglas Autosalvage 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

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 Profit and Loss Account, 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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

670,590

33,524

523,366

9,738

1,237,218

Additions

158,538

5,325

56,657

-

220,520

Disposals

(1,875

)

(991

)

(36,995

)

-

(39,861

)

At 31 December 2025

827,253

37,858

543,028

9,738

1,417,877

DEPRECIATION

At 1 January 2025

336,386

18,162

295,887

4,876

655,311

Charge for year

49,196

2,023

68,107

1,216

120,542

Eliminated on disposal

(1,095

)

(538

)

(25,290

)

-

(26,923

)

At 31 December 2025

384,487

19,647

338,704

6,092

748,930

NET BOOK VALUE

At 31 December 2025

442,766

18,211

204,324

3,646

668,947

At 31 December 2024

334,204

15,362

227,479

4,862

581,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,060

-

Other debtors

5,034

187,983

8,094

187,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

40,693

19,800

Trade creditors

1,504

5,760

Taxation and social security

106,229

160,327

Other creditors

6,317

15,328

154,743

201,215

Included within creditors is £89,969 (2024: £56,100) hire purchase commitments, secured on the assets to which they relate.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

49,276

36,300

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £1,655 (2024: £1,450). Contributions totalling £0 (2024: £0) were payable to the fund at the year end and are included in creditors.