REGISTERED NUMBER: 01201931 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Schilward Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

J Raby

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

01201931 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

449,615

440,491

CURRENT ASSETS

Debtors

5

39,049

15,825

Prepayments and accrued income

5,909

8,570

Cash at bank

234,754

143,431

279,712

167,826

CREDITORS

Amounts falling due within one year

6

185,593

145,073

NET CURRENT ASSETS

94,119

22,753

TOTAL ASSETS LESS CURRENT LIABILITIES

543,734

463,244

CREDITORS

Amounts falling due after more than one year

7

338,034

346,007

NET ASSETS

205,700

117,237

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

205,600

117,137

SHAREHOLDERS' FUNDS

205,700

117,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2026 and were signed by:

J Raby - Director

1.	STATUTORY INFORMATION

Schilward Motors 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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2025

418,520

96,719

10,118

Additions

-

8,100

12,613

At 30 April 2026

418,520

104,819

22,731

DEPRECIATION

At 1 May 2025

-

90,433

5,397

Charge for year

-

3,606

4,728

At 30 April 2026

-

94,039

10,125

NET BOOK VALUE

At 30 April 2026

418,520

10,780

12,606

At 30 April 2025

418,520

6,286

4,721

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2025

13,300

16,080

554,737

Additions

-

-

20,713

At 30 April 2026

13,300

16,080

575,450

DEPRECIATION

At 1 May 2025

6,354

12,062

114,246

Charge for year

1,736

1,519

11,589

At 30 April 2026

8,090

13,581

125,835

NET BOOK VALUE

At 30 April 2026

5,210

2,499

449,615

At 30 April 2025

6,946

4,018

440,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

39,049

15,825

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

29,051

26,600

Trade creditors

70,624

63,434

Taxation

36,612

18,915

Social security and other taxes

24,606

11,624

Directors' current accounts

23,000

23,000

Accrued expenses

1,700

1,500

185,593

145,073

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans - 1-2 years

28,218

17,433

Bank loans - 2-5 years

84,654

49,800

Bank loans more 5 yr by instal

225,162

278,774

338,034

346,007

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

225,162

278,774

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 (2025 - £71,280) were paid to the director .

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2026 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

15 July 2026