TQM Motor Group Ltd - Filleted accounts

Registered number

13923985

TQM Motor Group Ltd

Filleted Accounts

28 February 2026

TQM Motor Group Ltd
Registered number:		13923985
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,303			598,937

Current assets
Stocks		530,000			-
Debtors	4	127,750			-
Cash at bank and in hand		171,293			111,156
		829,043			111,156

Creditors: amounts falling due within one year	5	(64,984)			(5,061)

Net current assets			764,059			106,095

Total assets less current liabilities			765,362			705,032

Creditors: amounts falling due after more than one year	6		(529,061)			(483,394)



Net assets			236,301			221,638

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		-			332,663
Profit and loss account			236,201			(111,125)

Shareholder's funds			236,301			221,638

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Denis Alenov Topalov
Director
Approved by the board on 30 October 2026

TQM Motor Group Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the sale of used motor vehicles, which is recognised when the vehicle is delivered to the customer, and commission income from finance and warranty providers, which is recognised when the related sale is completed.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset at the following annual rates on the reducing balance basis:

	Motor vehicles	25%
	Plant and machinery	20%
	Fixtures, fittings, tools and equipment	20%


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	-		598,937		598,937
	Additions	1,350		-		1,350
	Transferred to stock	-		(598,937)		(598,937)
	At 28 February 2026	1,350		-		1,350

	Depreciation
	Charge for the year	47		-		47
	At 28 February 2026	47		-		47

	Net book value
	At 28 February 2026	1,303		-		1,303
	At 28 February 2025	-		598,937		598,937
	The motor vehicles shown by the previous accountants as fixed assets at 28 February 2025 were trading stock and have been transferred to stock during the year. In addition, opening stock has been reduced by £121,620 to correct balances brought forward from the previous accountants’ records which could not be supported by bank statements. This adjustment is included in cost of sales. The comparative figures are shown as previously filed.

4	Debtors			2026		2025
£					£

	Trade debtors			37,013		-
	Other debtors			90,737		-
				127,750		-


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			60,806		-
	Taxation and social security costs			1,959		5,061
	Other creditors			2,219		-
				64,984		5,061


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Director's loan account			529,061		483,394
	The loan is from the director. It is unsecured and interest-free, and the director has confirmed that it will not be called for repayment within 12 months of the balance sheet date.

7	Revaluation reserve			2026		2025
£					£

	At 1 March 2025			332,663		332,663
	Transfer to profit and loss account			(332,663)		-
	At 28 February 2026			-		332,663
	The revaluation reserve was created by the previous accountants on the vehicles shown in note 3. As these vehicles are trading stock, the reserve has been transferred to the profit and loss account reserve.

8	Other information

	TQM Motor Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	372 Baddow Road
	Chelmsford
	England
	CM2 9RA