Central Motors (Letham) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC470054 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

Central Motors (Letham) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

7

DIRECTORS:

A Henderson

B D Henderson

REGISTERED OFFICE:

5 East Hemming Street

Letham

Angus

DD8 2PT

REGISTERED NUMBER:

SC470054 (Scotland)

ACCOUNTANT:

Lisa Barclay Accountancy Services Limited

PO Box 7003

Forfar

Angus

DD8 0BA

FIXED ASSETS

Tangible assets

4

132,588

101,967

CURRENT ASSETS

Stocks

4,663

1,838

Debtors

5

38,773

31,434

Cash in hand

(591

)

(2,461

)

42,845

30,811

CREDITORS

Amounts falling due within one year

6

170,021

156,108

NET CURRENT LIABILITIES

(127,176

)

(125,297

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,412

(23,330

)

CREDITORS

Amounts falling due after more than one
year

7

31,238

11,751

NET LIABILITIES

(25,826

)

(35,081

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(25,827

)

(35,082

)

(25,826

)

(35,081

)

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 19 October 2026 and were signed on its behalf by:

A Henderson - Director

1.	STATUTORY INFORMATION

Central Motors (Letham) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 etc

-

Straight line over 4 years

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 9 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2025

72,359

72,158

8,642

19,850

173,009

Additions

-

11,065

130

43,295

54,490

Disposals

-

(4,250

)

-

(19,350

)

(23,600

)

At 31 March 2026

72,359

78,973

8,772

43,795

203,899

DEPRECIATION

At 1 April 2025

-

53,876

6,990

10,176

71,042

Charge for year

-

8,452

498

1,702

10,652

Eliminated on disposal

-

(708

)

-

(9,675

)

(10,383

)

At 31 March 2026

-

61,620

7,488

2,203

71,311

NET BOOK VALUE

At 31 March 2026

72,359

17,353

1,284

41,592

132,588

At 31 March 2025

72,359

18,282

1,652

9,674

101,967

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

15,003

9,304

Other debtors

23,770

22,130

38,773

31,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

3,379

15,775

Hire purchase contracts

14,135

7,939

Trade creditors

103,429

72,080

Taxation and social security

13,156

1,795

Other creditors

35,922

58,519

170,021

156,108

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Hire purchase contracts

31,238

11,751

8.	RELATED PARTY DISCLOSURES

A Henderson and B D Henderson were directors of the company throughout the year and A Henderson holds 100% of the share capital.

Included in Other Creditors is a balance of £15,421 (2025 - £54,462) in relation to the directors loan account. During the year the directors advanced £Nil (2025 - £47,387) and the company repaid £39,041 (2025 - £18,000) to the director. No interest is payable on the balance due by the company.

Dividends of £Nil (2025 - £Nil) were paid during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Lisa Barclay Accountancy Services Limited

PO Box 7003

Forfar

Angus

DD8 0BA

19 October 2026