Mick Coop Motors Limited Company accounts

COMPANY REGISTRATION NUMBER: 09431132

Mick Coop Motors Limited

Unaudited Financial Statements

31 March 2026

Mick Coop Motors Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Officers and professional advisers	1

Directors' report	2

Report to the directors on the preparation of the unaudited statutory accounts of Mick Coop Motors Limited.	3

Statement of income and retained earnings	4

Statement of financial position	5 to 6

Notes to the financial statements	7 to 11

Mick Coop Motors Limited

Officers and Professional Advisers

The board of directors	Mr P E Wager
	Mrs W Wager
	Miss H Wager

Registered office	Unit 3 Broadwyn Trading Estate
	Waterfall Lane
	Cradley Heath
	West Midlands
	United Kingdom
	B64 6PS

Accountants	TC Group

	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Mick Coop Motors Limited

Directors' Report

Year ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Directors

The directors who served the company during the year were as follows:

Mr P E Wager
Mrs W Wager
Miss H Wager	(Appointed 7 August 2025)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 October 2026 and signed on behalf of the board by:

Miss H Wager

Director

Registered office:

Unit 3 Broadwyn Trading Estate

Waterfall Lane

Cradley Heath

West Midlands

United Kingdom

B64 6PS

Mick Coop Motors Limited

Report to the Directors on the Preparation of the Unaudited Statutory Accounts of Mick Coop Motors Limited.

Year ended 31 March 2026

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2026. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view". You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

TC Group

3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

29 October 2026

Mick Coop Motors Limited

Statement of Income and Retained Earnings

Year ended 31 March 2026

	2026	2025
Note	£	£
Turnover	416,426	349,375

Cost of sales	254,745	224,645
	---------	---------
Gross profit	161,681	124,730

Administrative expenses	116,340	95,797
Other operating income	–	3,241
	---------	---------
Operating profit	45,341	32,174

Other interest receivable and similar income	130	–
	---------	---------
Profit before taxation	45,471	32,174

Tax on profit	9,209	6,577
	--------	--------
Profit for the financial year and total comprehensive income	36,262	25,597
	--------	--------

Dividends paid and payable	( 33,600)	( 33,600)

Retained earnings at the start of the year	44,693	52,696
	--------	--------
Retained earnings at the end of the year	47,355	44,693
	--------	--------

All the activities of the company are from continuing operations.

Mick Coop Motors Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	8,952	4,947

Current assets

Stocks		3,046	3,000
Debtors	6	16,942	17,074
Cash at bank and in hand		64,012	54,044
		--------	--------
		84,000	74,118

Creditors: amounts falling due within one year	7	43,843	33,332
		--------	--------
Net current assets		40,157	40,786
		--------	--------
Total assets less current liabilities		49,109	45,733

Provisions	1,654	940
	--------	--------
Net assets	47,455	44,793
	--------	--------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		47,355	44,693
		--------	--------
Shareholders funds		47,455	44,793
		--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mick Coop Motors Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

Mr P E Wager	Miss H Wager
Director	Director

Company registration number: 09431132

Mick Coop Motors Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Broadwyn Trading Estate, Waterfall Lane, Cradley Heath, West Midlands, B64 6PS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	20% straight line
Plant and machinery	-	10% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2025: 6 ).

5. Tangible assets

	Property improvements	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	6,811	12,196	2,675	3,264	24,946
Additions	–	4,095	–	1,090	5,185
Disposals	–	( 2,550)	( 175)	( 5)	( 2,730)
	-------	--------	-------	-------	--------
At 31 March 2026	6,811	13,741	2,500	4,349	27,401
	-------	--------	-------	-------	--------
Depreciation
At 1 April 2025	6,811	7,728	2,196	3,264	19,999
Charge for the year	–	794	250	136	1,180
Disposals	–	( 2,550)	( 175)	( 5)	( 2,730)
	-------	--------	-------	-------	--------
At 31 March 2026	6,811	5,972	2,271	3,395	18,449
	-------	--------	-------	-------	--------
Carrying amount
At 31 March 2026	–	7,769	229	954	8,952
	-------	--------	-------	-------	--------
At 31 March 2025	–	4,468	479	–	4,947
	-------	--------	-------	-------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	12,442	12,574
Other debtors	4,500	4,500
	--------	--------
	16,942	17,074
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	20,326	10,603
Accruals and deferred income	1,210	1,100
Corporation tax	8,495	6,891
Social security and other taxes	9,446	8,244
Director loan accounts	3,789	5,925
Other creditors	577	569
	--------	--------
	43,843	33,332
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----