Registration number: 08753957

Coles Automotive Ltd

(Registration number: 08753957)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	145,231	72,500
Current assets
Stocks	5	172,006	161,811
Debtors	6	1,235,291	834,308
Cash at bank and in hand		68,408	291,795
		1,475,705	1,287,914
Creditors: Amounts falling due within one year	7	(425,220)	(379,333)
Net current assets		1,050,485	908,581
Total assets less current liabilities		1,195,716	981,081
Provisions for liabilities		(26,909)	(18,125)
Net assets		1,168,807	962,956
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,168,707	962,856
Shareholders' funds		1,168,807	962,956

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Statement.

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:
 

......................................... Mr A M Cole Director

Coles Automotive Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is: Browns Meadow, Edburton, Henfield, West Sussex, BN5 9FW.

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 are prepared in sterling, which is the functional currency of the entity.

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 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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Coles Automotive Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Plant and machinery	25% on the reducing balance
Fixtures and fittings	25% on the reducing balance
Leasehold improvements	2% straight line per annum

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 debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

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 income and expenditure statement 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Coles Automotive Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2025 - 15).

4	Tangible assets

	Leasehold improvements £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	-	12,338	108,129	120,467
Additions	38,362	-	75,181	113,543
Disposals	-	(12,338)	(24,381)	(36,719)
At 31 March 2026	38,362	-	158,929	197,291
Depreciation
At 1 April 2025	-	4,838	43,129	47,967
Charge for the year	767	-	12,795	13,562
Eliminated on disposal	-	(4,838)	(4,631)	(9,469)
At 31 March 2026	767	-	51,293	52,060
Carrying amount
At 31 March 2026	37,595	-	107,636	145,231
At 31 March 2025	-	7,500	65,000	72,500

Included within the net book value of land and buildings above is £37,595 (2025 - £Nil) in respect of short leasehold land and buildings.
 

Coles Automotive Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	172,006	161,811

6

Debtors

	Note	2026 £	2025 £
Trade debtors		82,004	104,667
Amounts owed by related parties		1,147,527	729,641
Prepayments		3,760	-
Accrued income		2,000	-
		1,235,291	834,308

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Bank loans and overdrafts	8	-	94
Trade creditors		180,152	127,155
Amounts owed to group undertakings and undertakings in which the company has a participating interest		90,905	96,451
Taxation and social security		138,976	148,986
Accruals and deferred income		3,400	3,250
Other creditors		11,787	3,397
		425,220	379,333

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	94

9	Parent and ultimate parent undertaking

The company's immediate parent is Coles Automotive Holdings Limited, incorporated in England.