Norwich Car Clinic Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Norwich Car Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09977415 . The registered office is 14 Bramfield Close, Norwich, NR2 4EJ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Leasehold	2% straight line
Plant & Machinery	10% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	20% straight line

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.

2.5. Financial Instruments

A financial asset or a financial liability is only recognised when the entity becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount of receivable or payable including any related transaction costs, unless the arrangement constitutes a financial transaction, where it is recognsied at the present value of the future payments discounted at a marekt rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.

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Norwich Car Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

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.

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. Impairment

At each reporting date, goodwill and other tangible fixed assets and investments but excluding investements in properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of of possible impairment, the recoverable amount of the asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 1)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2025	-	58,061	13,500	1,723
Additions	102,664	1,569	-	795

As at 31 January 2026	102,664	59,630	13,500	2,518

Depreciation
As at 1 February 2025	-	8,315	2,920	86
Provided during the period	2,053	5,131	2,116	243

As at 31 January 2026	2,053	13,446	5,036	329

Net Book Value
As at 31 January 2026	100,611	46,184	8,464	2,189

As at 1 February 2025	-	49,746	10,580	1,637

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Norwich Car Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2025	3,801	77,085
Additions	165	105,193

As at 31 January 2026	3,966	182,278

Depreciation
As at 1 February 2025	1,065	12,386
Provided during the period	793	10,336

As at 31 January 2026	1,858	22,722

Net Book Value
As at 31 January 2026	2,108	159,556

As at 1 February 2025	2,736	64,699

5. Stocks

	2026	2025
	£	£
Stock	1,145	2,100

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,375	6,535
Prepayments and accrued income	662	929
Other debtors	106	-
Corporation tax recoverable assets	120	210

	7,263	7,674

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	7,539	8,940
Bank loans and overdrafts	7,950	-
Other loans	5,000	5,000
Corporation tax	3,209	-
Other taxes and social security	180	-
VAT	2,553	5,108
Other creditors	-	4,000
Accruals and deferred income	-	750
Director's loan account	53,931	46,655

	80,362	70,453

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Norwich Car Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	58,315	-

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		159,556		64,699

			159,556		64,699
CURRENT ASSETS
Stocks	5	1,145		2,100
Debtors	6	7,263		7,674
Cash at bank and in hand		14,911		33,196

		23,319		42,970
Creditors: Amounts Falling Due Within One Year	7	(80,362 )		(70,453 )

NET CURRENT ASSETS (LIABILITIES)			(57,043 )		(27,483 )

TOTAL ASSETS LESS CURRENT LIABILITIES			102,513		37,216

Creditors: Amounts Falling Due After More Than One Year	8		(58,315 )		-

NET ASSETS			44,198		37,216

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			44,098		37,116

SHAREHOLDERS' FUNDS			44,198		37,216