Bateman & Lynch Cars Tavistock Ltd

Bateman & Lynch Cars Tavistock Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	49,415	49,727
		49,415	49,727
Current assets
Stocks	4	484,146	440,255
Debtors	5	163,018	40,768
Cash at bank and in hand		158,739	166,318
		805,903	647,341
Creditors: amount falling due within one year	6	(566,395)	(423,210)
Net current assets		239,508	224,131

Total assets less current liabilities		288,923	273,858
Net assets		288,923	273,858

Capital and reserves
Called up share capital		3	3
Profit and loss account		288,920	273,855
Shareholders' funds		288,923	273,858

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 11 September 2026 and were signed on its behalf by:

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Mr S Bruty
Director

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Mr J Lynch
Director

Bateman & Lynch Cars Tavistock Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Bateman & Lynch Cars Tavistock Ltd is a private company, limited by shares, registered in England and Wales, registration number 13165615, registration address C3 Apollo Court, Neptune Park, Plymouth, Devon, PL4 0SJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	NA Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 3).

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Total
	£	£	£
At 01 February 2025	44,933	14,131	59,064
Additions	-	1,042	1,042
Disposals	-	-	-
At 31 January 2026	44,933	15,173	60,106
Depreciation
At 01 February 2025	-	9,337	9,337
Charge for year	-	1,354	1,354
On disposals	-	-	-
At 31 January 2026	-	10,691	10,691
Net book values
Closing balance as at 31 January 2026	44,933	4,482	49,415
Opening balance as at 01 February 2025	44,933	4,794	49,727

Stocks

	2026 £		2025 £
Stocks	484,146		440,255
	484,146		440,255

Debtors: amounts falling due within one year

	2026 £		2025 £
Trade Debtors	163,018		40,768
	163,018		40,768

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	88,076	24,012
Taxation and Social Security	71,414	70,936
Other Creditors	406,905	328,262
	566,395	423,210

7.	Controlling Parties The company's immediate parent undertaking is Bateman and Lynch Holdings Ltd. The company's ultimate controlling party is Lynch Holdings SW Ltd by virtue of their interest in the share capital of the company.