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Registered number: 07043399
Sam Auto Centre Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Harris Accountancy Services Limited
Cobalt Square
83 Hagley Road
Birmingham
B16 8QG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07043399
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 825,084 826,779
825,084 826,779
CURRENT ASSETS
Stocks 5 5,000 2,500
Debtors 6 91,628 95,182
Cash at bank and in hand 39,283 61,404
135,911 159,086
Creditors: Amounts Falling Due Within One Year 7 (521,976 ) (575,008 )
NET CURRENT ASSETS (LIABILITIES) (386,065 ) (415,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES 439,019 410,857
Creditors: Amounts Falling Due After More Than One Year 8 (85,011 ) (96,137 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,748 ) (13,310 )
NET ASSETS 340,260 301,410
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 340,256 301,406
SHAREHOLDERS' FUNDS 340,260 301,410
Page 1
Page 2
For the year ending 31 October 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
Mr Shabir Hirji
Director
16/10/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Sam Auto Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07043399 . The registered office is 292 Upper Balsall Heath Road, Birmingham, B12 9DR.
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.
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. 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 Nil
Plant & Machinery 10% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. 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.
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2.5. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 809,818 51,265 4,191 865,274
As at 31 October 2025 809,818 51,265 4,191 865,274
Depreciation
As at 1 November 2024 - 35,910 2,585 38,495
Provided during the period - 1,535 160 1,695
As at 31 October 2025 - 37,445 2,745 40,190
...CONTINUED
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Net Book Value
As at 31 October 2025 809,818 13,820 1,446 825,084
As at 1 November 2024 809,818 15,355 1,606 826,779
Cost or valuation as at 31 October 2025 represented by:
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 770,091 51,265 4,191 825,547
At valuation 39,727 - - 39,727
809,818 51,265 4,191 865,274
Freehold property was valued on a fair value basis on 31 October 2024 by the directors. 
5. Stocks
2025 2024
£ £
Finished goods 5,000 2,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 91,628 95,182
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 8,697 7,096
Corporation tax 23,736 29,106
Other taxes and social security 563 561
VAT 16,467 18,572
Other creditors 8,671 3,000
Accruals and deferred income 1,057 10,375
Directors' loan accounts 462,785 506,298
521,976 575,008
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 85,011 96,137
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2024 13,310 13,310
Additions 438 438
Balance at 31 October 2025 13,748 13,748
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
11. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 39,000 39,000
Page 6