Century Motors (Sheffield) Limited Company accounts

COMPANY REGISTRATION NUMBER: 00649662

Century Motors (Sheffield) Limited

Unaudited Financial Statements

31 March 2026

Century Motors (Sheffield) Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Director's report	1

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

Century Motors (Sheffield) Limited

Director's Report

Year ended 31 March 2026

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Principal activities

The principal activity of the company during the year was sale of used cars and light motor vehicles

Director

The director who served the company during the year was as follows:

G Elliff

Directors responsibilities

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 4 August 2026 and signed on behalf of the board by:

G Elliff
Director

Registered office:

Catchbar Lane

Middlewood Road

Sheffield

South Yorkshire

England

S6 1TA

Century Motors (Sheffield) Limited

Statement of Income and Retained Earnings

Year ended 31 March 2026

	2026	2025
Note	£	£
Turnover	5,077,948	5,350,163

Cost of sales	4,438,775	4,645,877
	-----------	-----------
Gross profit	639,173	704,286

Administrative expenses	428,302	438,646
Other operating income	23,990	24,225
	---------	---------
Operating profit	234,861	289,865

Income from shares in group undertakings		51	46
Other interest receivable and similar income		52,823	48,915
		---------	---------
Profit before taxation	5	287,735	338,826

Tax on profit	72,351	85,207
	---------	---------
Profit for the financial year and total comprehensive income	215,384	253,619
	---------	---------

Dividends paid and payable	( 140,000)	( 155,750)

Retained earnings at the start of the year	2,567,475	2,469,606
	-----------	-----------
Retained earnings at the end of the year	2,642,859	2,567,475
	-----------	-----------

All the activities of the company are from continuing operations.

Century Motors (Sheffield) Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	387,403	390,519
Investments	7	130,000	130,000
		---------	---------
		517,403	520,519

Current assets

Stocks		571,563	528,233
Debtors	8	37,186	43,740
Investments	9	2,119	2,119
Cash at bank and in hand		1,893,873	1,799,383
		-----------	-----------
		2,504,741	2,373,475

Creditors: amounts falling due within one year	10	248,533	195,388
		-----------	-----------
Net current assets		2,256,208	2,178,087
		-----------	-----------
Total assets less current liabilities		2,773,611	2,698,606

Provisions	34,175	34,554
	-----------	-----------
Net assets	2,739,436	2,664,052
	-----------	-----------

Capital and reserves

Called up share capital	11	500	500
Other reserves		96,077	96,077
Profit and loss account		2,642,859	2,567,475
		-----------	-----------
Shareholders funds		2,739,436	2,664,052
		-----------	-----------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Century Motors (Sheffield) Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 4 August 2026 , and are signed on behalf of the board by:

G Elliff
Director

Company registration number: 00649662

Century Motors (Sheffield) Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Catchbar Lane, Middlewood Road, Sheffield, South Yorkshire, S6 1TA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	4% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 7 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	3,116	3,385
	------	------

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2025 and 31 March 2026	418,005	47,509	9,299	474,813
	---------	-------	------	---------
Depreciation
At 1 April 2025	37,600	38,731	7,963	84,294
Charge for the year	1,600	1,316	200	3,116
	---------	-------	------	---------
At 31 March 2026	39,200	40,047	8,163	87,410
	---------	-------	------	---------
Carrying amount
At 31 March 2026	378,805	7,462	1,136	387,403
	---------	-------	------	---------
At 31 March 2025	380,405	8,778	1,336	390,519
	---------	-------	------	---------

Included within freehold property is an investment property with a value of £270,000.

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025 and 31 March 2026	130,000
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	130,000
	---------
At 31 March 2025	130,000
	---------

Included within freehold property is an investment property with a value of £270,000.

8. Debtors

	2026	2025
	£	£
Other debtors	37,186	43,740
	-------	-------

9. Investments

	2026	2025
	£	£
Investments in group undertakings	2,119	2,119
	------	------

10. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	122,979	67,552
Corporation tax	73,005	85,728
Social security and other taxes	37,347	27,909
Other creditors	15,202	14,199
	---------	---------
	248,533	195,388
	---------	---------

11. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	500	500	500	500
	----	----	----	----

12. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
G Elliff	31,268	( 33,465)	( 2,197)
	-------	-------	------

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
G Elliff	78,467	( 47,199)	31,268
	-------	-------	-------