REGISTERED NUMBER: 06931278 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Hereford Motor Group Ltd

T/A

Fownhope Mitsubishi

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Peachey

Mrs S J Davies

REGISTERED OFFICE:

240 Kings Acre Road

Hereford

Herefordshire

HR4 0SD

REGISTERED NUMBER:

06931278 (England and Wales)

ACCOUNTANTS:

Thorne Widgery Accountancy Ltd

Chartered Accountants

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Tangible assets

4

171,084

185,370

CURRENT ASSETS

Stocks

1,708,659

1,126,013

Debtors

5

346,142

418,969

Cash at bank and in hand

386,816

562,373

2,441,617

2,107,355

CREDITORS

Amounts falling due within one year

6

(819,095

)

(549,323

)

NET CURRENT ASSETS

1,622,522

1,558,032

TOTAL ASSETS LESS CURRENT LIABILITIES

1,793,606

1,743,402

PROVISIONS FOR LIABILITIES

(7,572

)

(10,913

)

NET ASSETS

1,786,034

1,732,489

CAPITAL AND RESERVES

Called up share capital

125,051

125,051

Retained earnings

1,660,983

1,607,438

SHAREHOLDERS' FUNDS

1,786,034

1,732,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 30 September 2026 and were signed on its behalf by:

D Peachey - Director

Mrs S J Davies - Director

1.	STATUTORY INFORMATION

Hereford Motor Group Ltd 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2025

140,795

44,209

116,479

Additions

-

-

13,541

Disposals

-

-

-

At 31 December 2025

140,795

44,209

130,020

DEPRECIATION

At 1 January 2025

-

42,213

110,141

Charge for year

-

1,410

2,663

Eliminated on disposal

-

-

-

At 31 December 2025

-

43,623

112,804

NET BOOK VALUE

At 31 December 2025

140,795

586

17,216

At 31 December 2024

140,795

1,996

6,338

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

23,385

31,501

33,590

389,959

Additions

7,250

-

1,912

22,703

Disposals

-

(31,501

)

-

(31,501

)

At 31 December 2025

30,635

-

35,502

381,161

DEPRECIATION

At 1 January 2025

18,504

2,625

31,106

204,589

Charge for year

2,257

-

1,783

8,113

Eliminated on disposal

-

(2,625

)

-

(2,625

)

At 31 December 2025

20,761

-

32,889

210,077

NET BOOK VALUE

At 31 December 2025

9,874

-

2,613

171,084

At 31 December 2024

4,881

28,876

2,484

185,370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

317,071

365,903

Other debtors

29,071

53,066

346,142

418,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

-

1

Taxation and social security

81,188

78,256

Other creditors

737,907

471,066

819,095

549,323