Ancoats Car Sales Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09278261

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		191,223		199,807

			191,223		199,807
CURRENT ASSETS
Stocks	5	2,318,927		1,899,944
Debtors	6	254,981		111,816
Cash at bank and in hand		64,742		88,522

		2,638,650		2,100,282
Creditors: Amounts Falling Due Within One Year	7	(1,968,442 )		(1,419,327 )

NET CURRENT ASSETS (LIABILITIES)			670,208		680,955

TOTAL ASSETS LESS CURRENT LIABILITIES			861,431		880,762

Creditors: Amounts Falling Due After More Than One Year	8		(83,062 )		(74,642 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(24,188 )		(42,416 )

NET ASSETS			754,181		763,704

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			754,180		763,703

SHAREHOLDERS' FUNDS			754,181		763,704

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Ancoats Car Sales Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Umoru Adamu

Director

29/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ancoats Car Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09278261 . The registered office is 831 Ashton Old Road, Manchester, M11 2NL.

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	20% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% straight line
Computer Equipment	25% 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. 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.

...CONTINUED

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Ancoats Car Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 November 2024	29,052	185,358	-	178,265
Additions	-	-	68,000	3,887

As at 31 October 2025	29,052	185,358	68,000	182,152

Depreciation
As at 1 November 2024	5,810	60,618	-	126,440
Provided during the period	5,811	24,948	14,167	36,222

As at 31 October 2025	11,621	85,566	14,167	162,662

Net Book Value
As at 31 October 2025	17,431	99,792	53,833	19,490

As at 1 November 2024	23,242	124,740	-	51,825


	Computer Equipment	Total
	£	£
Cost
As at 1 November 2024	-	392,675
Additions	833	72,720

As at 31 October 2025	833	465,395

Depreciation
As at 1 November 2024	-	192,868
Provided during the period	156	81,304

As at 31 October 2025	156	274,172

Net Book Value
As at 31 October 2025	677	191,223

As at 1 November 2024	-	199,807

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Ancoats Car Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Stocks

	2025	2024
	£	£
Stock	2,318,927	1,899,944

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	42,416	23,767
Other debtors	212,565	88,049

	254,981	111,816

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	256,263	88,210
Bank loans and overdrafts	51,700	59,360
Other creditors	1,483,122	1,106,212
Taxation and social security	177,357	165,545

	1,968,442	1,419,327

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

	2025	2024
	£	£
Bank loans	83,062	74,642

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Other Creditors	1,335,902		1,028,975

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Related Party Transactions

The company has taken advantage of the exception permitted under Section 1AC.35 from disclosing transactions with the parent company.

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