REGISTERED NUMBER: 01294757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

BIG M MOTOR SPARES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C C Watmough

SECRETARY:

C C Watmough

REGISTERED OFFICE:

Big M Motor Spares Ltd

Watmough House, Camer Corner

Wrotham Road, Meopham

Gravesend

Kent

DA13 0JL

REGISTERED NUMBER:

01294757 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership Limited

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

443,634

494,906

CURRENT ASSETS

Stocks

31,200

112,376

Debtors

5

164,007

152,874

Cash at bank and in hand

8,787

8,183

203,994

273,433

CREDITORS

Amounts falling due within one year

6

1,605,794

1,459,715

NET CURRENT LIABILITIES

(1,401,800

)

(1,186,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(958,166

)

(691,376

)

CREDITORS

Amounts falling due after more than one year

7

-

47,001

NET LIABILITIES

(958,166

)

(738,377

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

178,219

178,219

Retained earnings

9

(1,136,485

)

(916,696

)

SHAREHOLDERS' FUNDS

(958,166

)

(738,377

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 October 2026 and were signed by:

C C Watmough - Director

1.	STATUTORY INFORMATION

Big M Motor Spares 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of used cars and vehicle servicing, excluding value added tax.

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

-

not provided

Plant and machinery

-

25% per annum on reducing balance

Fixtures and fittings

-

25% per annum on reducing balance

Motor vehicles

-

25% per annum 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.

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.

Going concern

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 February 2025

411,287

47,001

154,733

Additions

-

-

5,785

Disposals

-

(47,001

)

-

At 31 January 2026

411,287

-

160,518

DEPRECIATION

At 1 February 2025

-

-

141,858

Charge for year

-

-

4,059

At 31 January 2026

-

-

145,917

NET BOOK VALUE

At 31 January 2026

411,287

-

14,601

At 31 January 2025

411,287

47,001

12,875

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

120,548

17,498

751,067

Additions

-

-

5,785

Disposals

-

-

(47,001

)

At 31 January 2026

120,548

17,498

709,851

DEPRECIATION

At 1 February 2025

98,118

16,185

256,161

Charge for year

5,669

328

10,056

At 31 January 2026

103,787

16,513

266,217

NET BOOK VALUE

At 31 January 2026

16,761

985

443,634

At 31 January 2025

22,430

1,313

494,906

Cost or valuation at 31 January 2026 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2008

332,000

-

-

-

332,000

Cost

79,287

160,518

120,548

17,498

377,851

411,287

160,518

120,548

17,498

709,851

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,457

2,224

Amounts owed by participating interests

145,281

141,281

Other debtors

16,269

9,369

164,007

152,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

191,617

250,383

Amounts owed to group undertakings

1,353,735

1,136,773

Taxation and social security

25,494

50,195

Other creditors

34,948

22,364

1,605,794

1,459,715

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

47,001

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2025

(916,696

)

178,219

(738,477

)

Deficit for the year

(219,789

)

(219,789

)

At 31 January 2026

(1,136,485

)

178,219

(958,266

)

10.	RELATED PARTY DISCLOSURES

The company was charged rent during the year by the following related parties:-

2026

2025

The Big M Pension Fund

£6,061

£6,061

N A Watmough and C C Watmough

£90

£210

The related party balances are in respect of the following business or companies which are owned by the directors:-

2026

2025

Owed by/(to) Watmough Brothers Investments Limited

(£1,353,735

)

(£1,136,773

)

Owed by/(to) Watmough & Co Autos

£2,989

£2,989

The company also had related party balances with the following in which the directors are trustees:-

2026

2025

Owed by/(to) Watmough Grandchildrens Trust

£139,220

£135,220

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Watmough Brothers Investments Limited, a company registered in England, which owns 100% of the ordinary share capital of the company. The estate of N A Watmough, C C Watmough and his wife, are the sole shareholders of Watmough Brothers Investments Limited.