REGISTERED NUMBER: 11611652 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WESTDRIVE MAZDA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Westwood

A Phillips

Registered office:

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Registered number:

11611652 (England and Wales)

Senior statutory auditor:

Steven Collins

Auditors:

Baverstocks Limited

Statutory Auditor

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Tangible assets

4

69,857

79,049

Current assets

Stocks

5

3,341,831

2,107,522

Debtors

6

128,173

76,587

Cash at bank and in hand

61,077

151,292

3,531,081

2,335,401

Creditors

Amounts falling due within one year

7

4,423,232

3,140,203

Net current liabilities

(892,151

)

(804,802

)

Total assets less current liabilities

(822,294

)

(725,753

)

Provisions for liabilities

17,464

19,762

Net liabilities

(839,758

)

(745,515

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(839,858

)

(745,615

)

(839,758

)

(745,515

)

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 Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

J Westwood - Director

1.	Statutory information

Westdrive Mazda 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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no estimates and assumptions that have a significant risk of causing material adjustment in the financial statements.

Turnover

Turnover from the sale of goods is recognised in the statement of comprehensive income, net of discounts and value added tax, when significant risks and rewards of ownership have been transferred to the buyer. In general this occurs when vehicles or parts have been supplied or when a service has been completed.

Commission income is accounted for on a receivable basis.

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, 10% on cost and 6.67% on cost

Fixtures and Fittings

-

20% on cost, 10% on cost and 6.67% on cost

Office Equipment

-

33% on cost, 20% on cost and 10% on cost

During the prior year the directors undertook a review of the useful life of its fixed assets resulting in a credit to profit & loss for the year of £14,020.

Stocks

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

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which depends upon the continued support of the Parent Company. In the event that the company could not continue on a going concern basis then adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for any further liabilities that might arise and to reclassify fixed assets as current assets.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Office

Machinery

Fittings

Equipment

Totals

£

£

£

£

Cost

At 1 January 2025

14,447

123,894

5,955

144,296

Additions

1,245

-

-

1,245

Impairments

(521

)

(13,864

)

-

(14,385

)

At 31 December 2025

15,171

110,030

5,955

131,156

Depreciation

At 1 January 2025

8,255

53,688

3,304

65,247

Charge for year

1,506

9,616

596

11,718

Impairments

(504

)

(15,161

)

(1

)

(15,666

)

At 31 December 2025

9,257

48,143

3,899

61,299

Net book value

At 31 December 2025

5,914

61,887

2,056

69,857

At 31 December 2024

6,192

70,206

2,651

79,049

5.

Stocks

2025

2024

£

£

Stocks

3,341,831

2,107,522

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade Debtors

120,222

50,281

Other Debtors

1,481

20,024

Prepayments and Accrued Income

6,470

6,282

128,173

76,587

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade Creditors

3,237,943

2,170,650

Amounts owed to group undertakings

966,778

916,534

Social Security and Other

Taxes

179,824

-

Other Creditors

3,168

-

Accruals and Deferred Income

35,519

53,019

4,423,232

3,140,203

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Steven Collins (Senior Statutory Auditor)

for and on behalf of Baverstocks Limited

9.	FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10.	Ultimate controlling party

The ultimate parent undertaking and immediate controlling party in Top 100 Limited, a company registered in England and Wales, which holds 100% of the company's issued share capital. The consolidated financial statements for Top 100 Limited are available from the company's registered office.

The ultimate controlling party of the Company is J Westwood as the majority shareholder of the Parent Company.