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Registered number: 01884157
K & R AUTO SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01884157
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,659,067 1,676,418
1,659,067 1,676,418
CURRENT ASSETS
Stocks 5 402,870 361,137
Debtors 6 48,380 36,701
Cash at bank and in hand 66,861 32,236
518,111 430,074
Creditors: Amounts Falling Due Within One Year 7 (1,030,544 ) (870,752 )
NET CURRENT ASSETS (LIABILITIES) (512,433 ) (440,678 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,146,634 1,235,740
Creditors: Amounts Falling Due After More Than One Year 8 (398,804 ) (457,971 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,168 ) (105,190 )
NET ASSETS 662,662 672,579
CAPITAL AND RESERVES
Called up share capital 10 220 220
Revaluation reserve 358,505 358,505
Profit and Loss Account 303,937 313,854
SHAREHOLDERS' FUNDS 662,662 672,579
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For the year 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Mrs Trasie Broad
Director
14/10/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
K & R AUTO SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01884157 . The registered office is Cook Way, Bindon Road, Taunton, Somerset, TA2 6BJ.
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, excluding discounts, rebates, value added tax and other sales taxes. 
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:
Freehold not provided
Plant & Machinery 15% on cost
Motor Vehicles 15% on cost
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
Freehold property is not depreciated. This represents a departure from the provisions of the Companies Act 2006. The company has had a policy and practice of regular maintenance and repair, the charges for which are recognised in the Income Statement as incurred. The company believes that such a policy ensures that the estimated residual values of properties at the reporting date are maintained at levels not materially different from the carrying amount of the assets. As such, no depreciation charge is made on the grounds that any such charge would be immaterial.
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. 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.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price to complete and sell. The impairment loss is recognised immediately in the Profit and Loss account.
2.6. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 11)
11 11
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 January 2025 1,600,000 149,986 1,749,986
Additions - 4,493 4,493
As at 31 December 2025 1,600,000 154,479 1,754,479
Depreciation
As at 1 January 2025 - 73,568 73,568
Provided during the period - 21,844 21,844
As at 31 December 2025 - 95,412 95,412
Net Book Value
As at 31 December 2025 1,600,000 59,067 1,659,067
As at 1 January 2025 1,600,000 76,418 1,676,418
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Cost or valuation as at 31 December 2025 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At valuation 1,600,000 56,269 43,850 48,933
1,600,000 56,269 43,850 48,933
Computer Equipment Total
£ £
At valuation 5,427 1,754,479
5,427 1,754,479
Freehold land and buildings were valued on an open market basis on 21 July 2022 by Middleton Barton Valuation Limited 
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 1,166,969
5. Stocks
2025 2024
£ £
Finished goods 402,870 361,137
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,258 20,066
Prepayments and accrued income 27,122 16,635
48,380 36,701
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 137,074 74,112
Bank loans and overdrafts 77,333 101,243
Other creditors 807,369 618,999
Taxation and social security 8,768 76,398
1,030,544 870,752
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 398,804 457,971
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 262,133 258,594
9. Secured Creditors
Of the creditors the following amounts are secured. Other creditors include Vehicle creditors.
2025 2024
£ £
Bank loans and overdrafts 432,972 471,706
Other Creditors 411,920 408,400
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,376 (2024: £2,172). At the year end contributions accrued not paid amounted to £2,134 (2024: £939).
12. Directors Advances, Credits and Guarantees
At the end of the year the directors were owed £340,981 (2024: £172,420) by the company.
13. Ultimate Controlling Party
The company is controlled by its Directors.
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