Nova Automotive Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15242202

Nova Automotive Group Limited

Filleted Financial Statements

30 April 2026

Nova Automotive Group Limited

Financial Statements

Year ended 30 April 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Nova Automotive Group Limited

Officers and Professional Advisers

The board of directors	Mr L P Callander
	Mr M P Smith

Registered office	Eastways
	Eastways Industrial Estate
	Witham
	Essex
	England
	CM8 3YQ

Auditor	Edmund Carr LLP
	Chartered accountants & statutory auditor
	146 New London Road
	Chelmsford
	Essex
	CM2 0AW

Nova Automotive Group Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	170	–
Tangible assets	6	2,592,805	905,627
		------------	---------
		2,592,975	905,627

Current assets

Stocks		897,297	352,181
Debtors	7	2,268,095	1,212,843
Cash at bank and in hand		1,472,303	873,679
		------------	------------
		4,637,695	2,438,703

Creditors: amounts falling due within one year	8	3,966,071		1,650,046
		------------		------------
Net current assets			671,624		788,657
			------------		------------
Total assets less current liabilities			3,264,599		1,694,284

Creditors: amounts falling due after more than one year	9		1,784,370		918,747

Provisions	432,989	195,432
	------------	------------
Net assets	1,047,240	580,105
	------------	------------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		1,047,140	580,005
		------------	---------
Shareholders funds		1,047,240	580,105
		------------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Nova Automotive Group Limited

Statement of Financial Position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

Mr L P Callander	Mr M P Smith
Director	Director

Company registration number: 15242202

Nova Automotive Group Limited

Notes to the Financial Statements

Year ended 30 April 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 Eastways, Eastways Industrial Estate, Witham, Essex, CM8 3YQ, 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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Finance charges relating to hire purchase agreements are included in the initial cost of the related fixed asset and capitalised in full on commencement of the agreement. The corresponding hire purchase liability is recognised at the full amount payable under the agreement.

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:

Plant and machinery	-	14% reducing balance
Motor vehicles	-	10% reducing balance
Equipment	-	33% reducing balance
Leasehold improvements	-	7% reducing balance

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.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 110 (2025: 77 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
Additions	170
	----
At 30 April 2026	170
	----
Amortisation
At 1 May 2025 and 30 April 2026	–
	----
Carrying amount
At 30 April 2026	170
	----
At 30 April 2025	–
	----

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Leasehold improvements	Total
	£	£	£	£	£
Cost
At 1 May 2025	674,623	28,821	37,022	239,784	980,250
Additions	1,125,213	–	87,843	676,870	1,889,926
Disposals	( 495)	–	–	( 13,141)	( 13,636)
	------------	--------	---------	---------	------------
At 30 April 2026	1,799,341	28,821	124,865	903,513	2,856,540
	------------	--------	---------	---------	------------
Depreciation
At 1 May 2025	62,749	480	6,828	4,566	74,623
Charge for the year	128,585	2,834	22,131	35,957	189,507
Disposals	( 30)	–	–	( 365)	( 395)
	------------	--------	---------	---------	------------
At 30 April 2026	191,304	3,314	28,959	40,158	263,735
	------------	--------	---------	---------	------------
Carrying amount
At 30 April 2026	1,608,037	25,507	95,906	863,355	2,592,805
	------------	--------	---------	---------	------------
At 30 April 2025	611,874	28,341	30,194	235,218	905,627
	------------	--------	---------	---------	------------

7. Debtors

	2026	2025
	£	£
Trade debtors	1,463,997	981,589
Amounts owed by related undertakings	154,999	120,739
Other debtors	649,099	110,515
	------------	------------
	2,268,095	1,212,843
	------------	------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,016,883	853,293
Accruals and deferred income	339,344	253,197
Social security and other taxes	349,395	217,444
Obligations under finance leases and hire purchase contracts	743,568	66,874
Other creditors	516,881	259,238
	------------	------------
	3,966,071	1,650,046
	------------	------------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Trade creditors	–	88,634
Accruals and deferred income	488,176	484,593
Obligations under finance leases and hire purchase contracts	1,296,194	240,520
Other creditors	–	105,000
	------------	---------
	1,784,370	918,747
	------------	---------

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	700,666	170,951
Later than 1 year and not later than 5 years	1,570,409	56,305
Later than 5 years	1,660,675	–
	------------	---------
	3,931,750	227,256
	------------	---------

12. Summary audit opinion

The auditor's report dated 3 September 2026 was qualified on the following basis:

Stock and work in progress had carrying values of £43,592 and £308,589 respectively as at 30 April 2025. As we were unable to attend the physical inventory count at that date, we could not obtain sufficient appropriate audit evidence regarding the quantities and valuation of these opening balances, nor were alternative audit procedures able to provide such evidence. We have obtained sufficient appropriate audit evidence in respect of the stock and work in progress balances at the current year end 30 30 April 2026.

The senior statutory auditor was S P Martin , for and on behalf of Edmund Carr LLP .

13. Related party transactions

The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned group companies.

14. Controlling party

The ultimate parent undertaking is JALS Holdings Limited. It has included the company in its group accounts. The registered office address of the parent undertaking is Eastways, Eastways Industrial Estate, Witham, CM8 3YQ.