Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Directors

The director shown below has held office during the whole of the period from
1 September 2024 to 31 August 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 May 2026

And signed on behalf of the board by:
Name: Daniel James Stoll
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2025

Balance sheet

As at 31 August 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover Recognition Turnover is measured at the fair value of the consideration received or receivable in the ordinary course of business, after deducting trade discounts, sales allowances and value added tax. The company's turnover principally comprises revenue generated from the sale of used cars and light motor vehicles, together with income arising from the provision of motor vehicle maintenance, servicing, diagnostics and repair services. Revenue from the sale of motor vehicles is recognised when the significant risks and rewards of ownership have transferred to the purchaser, generally upon completion of the sale and delivery or collection of the vehicle, provided that the amount of revenue can be reliably measured and receipt of the associated economic benefits is probable. Revenue arising from vehicle maintenance and repair services is recognised as the services are performed, with reference to the stage of completion at the reporting date where the outcome can be reliably estimated. The stage of completion is determined by assessing the work undertaken, labour and materials utilised, and costs incurred in relation to the total estimated costs of the relevant service or repair contract. Where the outcome of a service contract cannot be reliably estimated, revenue is recognised only to the extent that the expenses incurred are expected to be recoverable. The company applies its revenue recognition policies consistently to ensure that turnover is recorded in the appropriate accounting period and reflects the underlying substance of its trading activities.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially recognised at cost and subsequently stated at cost less accumulated depreciation and any accumulated impairment losses. The cost of tangible fixed assets includes the original purchase price and any directly attributable expenditure necessary to bring the assets into their intended working condition and location for use within the company's operations. Depreciation is provided on all tangible fixed assets, with the exception of freehold land, at rates calculated to allocate the cost of each asset, less its estimated residual value, systematically over its expected useful economic life. The company applies the following depreciation policies: Freehold buildings - Straight line over 50 years Leasehold land and buildings - Straight line over the remaining lease term Plant and machinery - Straight line over 5 years Fixtures, fittings, tools and equipment - Straight line over 5 years Motor vehicles used in business operations - Straight line over 5 years Assets utilised in the company's motor vehicle sales, maintenance and repair activities, including workshop machinery, diagnostic equipment, vehicle servicing tools and operational vehicles, are depreciated according to their estimated useful economic lives. The estimated useful lives, residual values and depreciation methods of tangible fixed assets are reviewed periodically and adjusted where necessary to reflect changes in asset usage, operating conditions and anticipated economic benefits. Expenditure relating to routine maintenance and repairs is recognised in the profit and loss account as incurred, while expenditure that enhances an asset's future economic benefits is capitalised where the applicable recognition criteria are satisfied. Where there is an indication that an asset's carrying value may not be recoverable, an impairment assessment is undertaken, and any necessary impairment loss is recognised in the profit and loss account.

  Intangible fixed assets amortisation policy

  Intangible Assets and Amortisation Intangible assets are initially recognised at cost and subsequently measured at cost less accumulated amortisation and any accumulated impairment losses. The cost of intangible assets includes expenditure directly attributable to their acquisition, development and preparation for their intended use within the company's business operations. Amortisation is calculated on a straight-line basis over the estimated useful economic life of each asset, generally ranging from 3 to 10 years, to allocate its cost systematically over the period during which the company expects to derive economic benefits. Intangible assets may include vehicle sales management software, customer relationship management systems, website development costs, online vehicle advertising platforms and other digital systems utilised in the company's motor vehicle sales, maintenance and repair activities. Expenditure relating to the development and implementation of websites, digital sales platforms and specialised automotive management software is capitalised where the applicable recognition criteria are satisfied, the costs can be reliably measured and the expenditure is expected to generate future economic benefits. Routine website maintenance, software subscriptions, system updates and general operating expenditure are recognised in the profit and loss account as incurred, unless they qualify for capitalisation under the relevant accounting standards. The company reviews the useful economic lives and carrying values of intangible assets periodically and assesses them for impairment where circumstances indicate that their recoverable amounts may be lower than their recorded values. Any resulting impairment losses are recognised in the profit and loss account.

  Other accounting policies

  ### Investments Investments in subsidiary undertakings, associated companies and joint ventures are initially recognised at cost and subsequently measured at cost less any accumulated impairment losses. The company assesses the carrying value of its investments at each reporting date and recognises any impairment losses where there is evidence that their recoverable amount has fallen below their recorded value. Investments in listed securities are measured at fair value, with movements in fair value recognised in the profit and loss account. Unlisted investments are also measured at fair value where this can be determined reliably. Where fair value cannot be reliably established, such investments are carried at cost less any accumulated impairment losses. The company may hold investments associated with its wider commercial interests, including automotive-related businesses, vehicle distribution operations and other trading activities, where such investments support its long-term business objectives. ### Stocks Stocks principally comprise used cars and light motor vehicles acquired for resale, together with replacement parts, automotive components, servicing materials and other goods held for use or sale in the ordinary course of business. Stocks are valued at the lower of cost and estimated selling price less any costs necessary to complete and sell the goods. The cost of vehicle stock includes the original purchase price and directly attributable expenditure incurred in bringing each vehicle into its present location and condition, including applicable transportation, preparation and refurbishment costs. The cost of interchangeable stock items is determined using the first in, first out method, while individually identifiable vehicles are valued by reference to their specific acquisition and preparation costs. At each reporting date, the company reviews the carrying value of its vehicle and parts inventory, taking into consideration prevailing market values, vehicle age, mileage, condition, demand and anticipated selling prices. Appropriate adjustments are recognised where the estimated recoverable value of stock is below its recorded cost. The carrying value of stock sold is recognised as an expense in the profit and loss account in the accounting period in which the corresponding sales revenue is recognised. ### Debtors Short-term debtors are initially recognised at their transaction price, normally representing the original invoiced amount, less any provision for impairment in respect of amounts considered doubtful or irrecoverable. Trade debtors principally comprise amounts receivable from customers, motor vehicle purchasers, commercial clients and other parties arising from vehicle sales, maintenance and repair services provided in the ordinary course of business. The company regularly reviews outstanding receivables to assess their recoverability, taking into consideration payment history, customer circumstances and the length of time balances have remained outstanding. Where there is objective evidence of impairment, an appropriate allowance is recognised in the profit and loss account. Loans and other financial assets are initially measured at transaction price, including directly attributable transaction costs where applicable, and subsequently measured at amortised cost using the effective interest method, less any recognised impairment losses. ### Creditors Short-term creditors are recognised at their transaction price, which generally represents the amount invoiced or contractually payable for goods and services received. Trade creditors principally include amounts owed to vehicle suppliers, automotive parts distributors, maintenance service providers, transport operators and other businesses supplying goods and services in support of the company's trading activities. Other creditors may include outstanding operating expenses, taxation liabilities, accruals and amounts payable under financing arrangements associated with the company's business operations. Loans and other financial liabilities are initially recognised at transaction price, net of directly attributable transaction costs where applicable, and subsequently measured at amortised cost using the effective interest method. The company monitors its outstanding obligations and manages payments in accordance with agreed supplier terms and contractual commitments to maintain effective working capital management and financial stability. ### Taxation The taxation expense recognised in the profit and loss account comprises current corporation tax and deferred tax where applicable. Current taxation is calculated by reference to the company's taxable profits for the financial year, using the corporation tax rates and legislation enacted or substantively enacted at the reporting date. Taxable profits may differ from the accounting profit reported in the financial statements due to adjustments for non-deductible expenditure, capital allowances and other items treated differently for taxation purposes. A current tax liability is recognised for corporation tax payable in respect of the current and previous accounting periods. A current tax asset is recognised where the company has an entitlement to recover taxation previously paid, including qualifying tax losses carried back to earlier periods. Deferred taxation is recognised in respect of timing differences arising between the recognition of income and expenditure in the financial statements and their treatment for taxation purposes. Deferred tax liabilities are generally recognised for taxable timing differences, while deferred tax assets, including those arising from unutilised tax losses, are recognised only to the extent that recovery against future taxable profits or the reversal of deferred tax liabilities is considered probable. Deferred taxation is measured using the tax rates and legislation enacted or substantively enacted at the reporting date and expected to apply when the relevant timing differences reverse. Current and deferred tax balances are measured without discounting. ### Provisions Provisions are recognised where the company has a present legal or constructive obligation arising from a past event, it is probable that an outflow of economic resources will be required to settle the obligation, and the amount can be estimated reliably. Within the company's motor vehicle sales and servicing operations, provisions may arise in connection with vehicle warranty obligations, customer claims, contractual commitments, repair liabilities and other obligations associated with the supply of vehicles and automotive services. Where applicable, provisions are measured at the best estimate of the expenditure required to settle the obligation at the reporting date, taking into consideration relevant risks, uncertainties and available supporting information. Provisions are reviewed at each reporting date and adjusted where necessary to reflect changes in circumstances or revised estimates of the amounts required for settlement. ### Foreign Currency Translation Transactions denominated in foreign currencies are initially recorded in sterling using the exchange rates prevailing on the dates of the respective transactions. Foreign currency transactions may arise in connection with the acquisition of motor vehicles, automotive components, replacement parts, specialist equipment and other goods or services sourced from overseas suppliers. At each reporting date, monetary assets and liabilities denominated in foreign currencies are translated into sterling using the exchange rates prevailing at that date. Non-monetary assets and liabilities measured at historical cost are translated using the exchange rates applicable at the dates of the original transactions. Exchange differences arising from the settlement or retranslation of foreign currency balances are recognised in the profit and loss account in the period in which they arise. ### Leased Assets Leases are classified as finance leases where the terms of the agreement transfer substantially all the risks and rewards associated with ownership of the underlying asset to the company. All other leases are classified as operating leases. The company may enter into leasing arrangements relating to commercial premises, vehicle servicing equipment, workshop machinery, diagnostic systems and motor vehicles utilised in its business operations. Assets acquired under finance leases are initially recognised as tangible fixed assets, together with a corresponding financial liability, at the lower of the fair value of the leased asset and the present value of the minimum lease payments at the commencement of the lease. Lease payments are apportioned between finance charges and reductions in the outstanding liability using the effective interest method. Finance charges are recognised in the profit and loss account over the lease term to produce a constant periodic rate of interest on the remaining lease obligation. Assets held under finance leases are depreciated in accordance with the company's established depreciation policies for tangible fixed assets. Where ownership is not reasonably certain to transfer to the company at the end of the lease period, depreciation is calculated over the shorter of the asset's estimated useful economic life and the lease term. Payments arising under operating lease agreements are recognised as an expense in the profit and loss account on a straight-line basis over the duration of the relevant lease agreement. ### Pensions The company operates or participates in defined contribution pension arrangements for eligible employees in accordance with applicable workplace pension legislation. Contributions payable by the company are recognised as an expense in the profit and loss account in the accounting period to which they relate. The company's pension obligations are limited to the contributions payable under the relevant pension arrangements, and no additional liability arises in respect of the future retirement benefits provided by the pension scheme.

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	9	4