REGISTERED NUMBER: 13206655 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

EJW AUTOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Waddell

D H Waddell

REGISTERED OFFICE:

1 Ballard Business Park

Cuxton Road

Strood

Rochester

Kent

ME2 2NY

REGISTERED NUMBER:

13206655 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

261,980

235,695

CURRENT ASSETS

Stocks

1,977,159

1,937,345

Debtors

6

224,068

91,341

Cash at bank

154,391

286,980

2,355,618

2,315,666

CREDITORS

Amounts falling due within one year

7

2,735,760

2,448,945

NET CURRENT LIABILITIES

(380,142

)

(133,279

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(118,162

)

102,416

PROVISIONS FOR LIABILITIES

44,023

55,783

NET (LIABILITIES)/ASSETS

(162,185

)

46,633

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(162,285

)

46,533

SHAREHOLDERS' FUNDS

(162,185

)

46,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

J P Waddell - Director

1.	STATUTORY INFORMATION

EJW Autos 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

- Sale of goods

Turnover from the sale of goods is recognised when all the following conditions are satisfied:

The entity has transferred to the buyer the significant risks and rewards of ownership of the goods;

The entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

The amount of revenue can be measured reliably;

It is probable that the economic benefits associated with the transaction will flow to the entity; and

The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

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 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.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments

Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

Going concern

The director has considered all available information about the future, including at least the 12 months from the date the financial statements are authorised for issue and no material uncertainties have been identified that cast significant doubt on the company's ability to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2025 - 25 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 March 2025

241,825

37,494

19,314

Additions

20,200

11,490

-

Disposals

-

-

-

At 28 February 2026

262,025

48,984

19,314

DEPRECIATION

At 1 March 2025

59,126

20,095

10,946

Charge for year

26,202

7,222

2,092

Eliminated on disposal

-

-

-

At 28 February 2026

85,328

27,317

13,038

NET BOOK VALUE

At 28 February 2026

176,697

21,667

6,276

At 28 February 2025

182,699

17,399

8,368

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

34,200

22,488

355,321

Additions

43,263

8,000

82,953

Disposals

-

(3,627

)

(3,627

)

At 28 February 2026

77,463

26,861

434,647

DEPRECIATION

At 1 March 2025

17,221

12,238

119,626

Charge for year

15,060

4,052

54,628

Eliminated on disposal

-

(1,587

)

(1,587

)

At 28 February 2026

32,281

14,703

172,667

NET BOOK VALUE

At 28 February 2026

45,182

12,158

261,980

At 28 February 2025

16,979

10,250

235,695

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

15,498

6,858

Amounts owed by group undertakings

85,205

46,483

Other debtors

123,365

38,000

224,068

91,341

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

795,832

464,818

Taxation and social security

82,187

135,210

Other creditors

1,857,741

1,848,917

2,735,760

2,448,945

8.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £246,667 (2025 - £326,667).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

J P Waddell

Balance outstanding at start of year

(566,911

)

78,527

Amounts advanced

256,996

159,820

Amounts repaid

(303,200

)

(805,258

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(613,115

)

(566,911

)

The loan from the director to the company is unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Included in other loans is a total balance of £1,075,000 (2025: £1,150,000) for loans that were provided either directly by the father of the director, Mr J P Waddell, or by entities in which Mr J P Waddell's father is the sole director and ultimate controlling party. These loans are unsecured and repayable on demand. Total interest charged during the year was £171,000 (2025: £91,000).

The company operates from a commercial property owned by a company in which the father of director Mr J P Waddell is a sole director and ultimate controlling party. No rent is charged to the company for the use of the property which has a market value rental yield of circa £72k per annum.

The company is currently dependent on the continuing financial support of its principal funder, the father of the director Mr J P Waddell, who has historically provided funding for the company's operations.

The principle funder has confirmed his continuing financial support and has indicated that he does not intend to withdraw such financial assistance for the foreseeable future, and at least for a period of twelve months from the date of approval of these financial statements.