H & M Motors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07603266 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

H & M Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V H J Holland

Mrs M Holland

D Milner

Mrs R Milner

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

TAUNTON

Somerset

TA1 2PX

REGISTERED NUMBER:

07603266 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

114,416

128,347

114,416

128,347

CURRENT ASSETS

Stocks

21,508

7,125

Debtors

6

153,862

136,720

Cash at bank

29,547

12,602

204,917

156,447

CREDITORS

Amounts falling due within one year

7

178,150

124,361

NET CURRENT ASSETS

26,767

32,086

TOTAL ASSETS LESS CURRENT
LIABILITIES

141,183

160,433

CREDITORS

Amounts falling due after more than one
year

8

(33,295

)

(37,731

)

PROVISIONS FOR LIABILITIES

(27,766

)

(31,195

)

NET ASSETS

80,122

91,507

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

79,122

90,507

SHAREHOLDERS' FUNDS

80,122

91,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 October 2026 and were signed on its behalf by:

V H J Holland - Director

D Milner - Director

1.	STATUTORY INFORMATION

H & M Motors 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

50,000

AMORTISATION

At 1 April 2025

and 31 March 2026

50,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

122,610

11,973

86,630

8,011

229,224

Additions

9,816

3,126

750

3,210

16,902

Disposals

-

(5,400

)

(2,500

)

(7,900

)

At 31 March 2026

132,426

15,099

81,980

8,721

238,226

DEPRECIATION

At 1 April 2025

53,522

6,770

33,799

6,786

100,877

Charge for year

11,836

1,250

12,616

1,109

26,811

Eliminated on disposal

-

(1,378

)

(2,500

)

(3,878

)

At 31 March 2026

65,358

8,020

45,037

5,395

123,810

NET BOOK VALUE

At 31 March 2026

67,068

7,079

36,943

3,326

114,416

At 31 March 2025

69,088

5,203

52,831

1,225

128,347

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

55,022

74,916

Other debtors

1,172

604

Directors' current accounts

83,914

49,363

Tax

-

676

Prepayments and accrued income

13,754

11,161

153,862

136,720

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

1,754

10,464

Hire purchase contracts (see note 9)

2,682

Trade creditors

74,969

44,711

Tax

52,444

25,801

Social security and other taxes

3,191

-

VAT

33,363

25,547

Other creditors

438

1,177

Accrued expenses

9,309

13,979

178,150

124,361

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 2-5 years

-

1,754

Hire purchase contracts (see note 9)

33,295

35,977

33,295

37,731

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

2,682

Between one and five years

33,295

35,977

38,659

Non-cancellable

operating leases

2026

2025

£

Within one year

11,381

-

Between one and five years

44,667

-

56,048

-

10.	CAPITAL COMMITMENTS

At 31 March 2026, the company had a contractual commitment in respect of the acquisition of a Mercedes-Benz Citan commercial vehicle. The cash price of the vehicle was £25,600, of which £21,400 was financed under a hire purchase agreement. The vehicle was subsequently registered on 13 April 2026 and therefore has not been reflected in these financial statements.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

V H J Holland

Balance outstanding at start of year

5,579

4,336

Amounts advanced

46,179

61,243

Amounts repaid

(40,000

)

(60,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,758

5,579

Mrs M Holland

Balance outstanding at start of year

5,579

4,336

Amounts advanced

46,179

61,243

Amounts repaid

(40,000

)

(60,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,758

5,579

D Milner

Balance outstanding at start of year

16,715

24,921

Amounts advanced

54,956

79,835

Amounts repaid

(42,609

)

(88,041

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

29,062

16,715

Mrs R Milner

Balance outstanding at start of year

21,490

16,965

Amounts advanced

50,096

64,525

Amounts repaid

(40,250

)

(60,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,336

21,490

At the period end, the total amount owed to the company, from the directors, was £83,914 (2025: £49,363). The amounts are unsecured and repayable on demand.