Martin Smith Commercial Motors LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC449367

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		533,121		539,827

			533,121		539,827
CURRENT ASSETS
Stocks	5	136,979		166,826
Debtors	6	2,989		60,275
Cash at bank and in hand		38,175		3,407

		178,143		230,508
Creditors: Amounts Falling Due Within One Year	7	(569,501 )		(589,745 )

NET CURRENT ASSETS (LIABILITIES)			(391,358 )		(359,237 )

TOTAL ASSETS LESS CURRENT LIABILITIES			141,763		180,590

NET ASSETS ATTRIBUTABLE TO MEMBERS			141,763		180,590

REPRESENTED BY:
Loans and other debts due to members
Other amounts		27,400		8,106

			27,400		8,106

Equity
Members' other interests
Members' capital		105,230		169,782
Other reserves		9,133		2,702

			114,363		172,484

			141,763		180,590

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			27,400		8,106
Members' other interests			114,363		172,484

			141,763		180,590

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Martin Smith Commercial Motors LLP

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Martin Smith

Designated Member

13/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Martin Smith Commercial Motors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC449367 . The Registered Office is 6b Parkway, Porters Wood, St Albans, Hertfordshire, AL3 6PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	33% on straight line basis

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	493,756	8,998	51,749	957
Additions	-	-	-	-

As at 31 December 2025	493,756	8,998	51,749	957

...CONTINUED

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Martin Smith Commercial Motors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	-	1,462	14,015	156
Provided during the period	-	1,131	5,660	120

As at 31 December 2025	-	2,593	19,675	276

Net Book Value
As at 31 December 2025	493,756	6,405	32,074	681

As at 1 January 2025	493,756	7,536	37,734	801


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	-	555,460
Additions	217	217

As at 31 December 2025	217	555,677

Depreciation
As at 1 January 2025	-	15,633
Provided during the period	12	6,923

As at 31 December 2025	12	22,556

Net Book Value
As at 31 December 2025	205	533,121

As at 1 January 2025	-	539,827

5. Stocks

	31 December 2025	31 December 2024
	£	£
Stock	136,979	166,826

6. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	2,989	4,877
Other debtors	-	55,398

	2,989	60,275

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Martin Smith Commercial Motors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	5,648	4,876
Amounts owed to group undertakings	555,460	555,460
Other creditors	-	28,605
Taxation and social security	8,393	804

	569,501	589,745

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