North Down Motors Ltd

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

Registered number: NI631137

		31 December 2025		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		75,829		78,523

			75,829		78,523
CURRENT ASSETS
Stocks		559,005		375,407
Debtors		35,170		68,621
Cash at bank and in hand		141,342		150,922

		735,517		594,950
Creditors: Amounts Falling Due Within One Year		(340,301 )		(284,727 )

NET CURRENT ASSETS (LIABILITIES)			395,216		310,223

TOTAL ASSETS LESS CURRENT LIABILITIES			471,045		388,746

Creditors: Amounts Falling Due After More Than One Year			(14,667 )		(19,747 )

NET ASSETS			456,378		368,999

CAPITAL AND RESERVES
Called up share capital	7		75		75
Profit and Loss Account			456,303		368,924

SHAREHOLDERS' FUNDS			456,378		368,999

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North Down Motors Ltd

Abridged Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

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

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Ian Davidson

Director

07/07/2026

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

1. General Information

North Down Motors Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI631137 . The registered office is Unit 10 Enterprise Road, Bangor, BT19 7TA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. 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	20% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	25% Straight Line

2.5. Investment Properties

All investment properties are carried at cost value less depreciation. The fair value method has not been used. No rental income has been derived from the investment property. The investment property has been depreciated on a straight line basis based on a useful life of 50 years.

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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North Down Motors Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 5 (2025: 5)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2025	20,000

As at 31 December 2025	20,000

Amortisation
As at 1 April 2025	20,000

As at 31 December 2025	20,000

Net Book Value
As at 31 December 2025	-

As at 1 April 2025	-

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	114,904
Additions	2,500

As at 31 December 2025	117,404

Depreciation
As at 1 April 2025	36,381
Provided during the period	5,194

As at 31 December 2025	41,575

Net Book Value
As at 31 December 2025	75,829

As at 1 April 2025	78,523

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North Down Motors Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2025 to 31 December 2025

6. Obligations Under Finance Leases and Hire Purchase

	31 December 2025	31 March 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,001	4,000
Later than one year and not later than five years	14,667	17,667

	18,668	21,667

	18,668	21,667

7. Share Capital

	31 December 2025	31 March 2025
	£	£
Allotted, Called up and fully paid	75	75

8. Related Party Transactions

Included within debtors and Creditors are the following related party transactions:

Ian Davidson

Director and Shareholder

£75,336 (credit balance) (31/03/2025 - £34,736 (credit balance))

The above loan is interest free and repayable on demand.

ProtechNI Ltd

Connected Company

Included within Debtors is a loan due from ProtechNI Ltd. At the year end the balance on the loan was £24,623 (31/03/2025 - £3,355). North Down Motors invoiced ProtechNI Ltd for goods and services under normal market conditions. ProtechNI Ltd is a company under common control.

Baths R Us Ltd

Connected Company

Included within Creditors is a loan due from Baths R Us Ltd. At the year end the balance on the loan was £45,105 (31/03/2025 - £5,585 (debit balance)). North Down Motors invoiced Baths R Us Ltd for goods and services under normal market conditions. Baths R Us ltd is a company under common control.

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