Registration number: 03294718

Mark One Automotive Limited

Contents

Company Information	1
Accountant's Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 8

Mark One Automotive Limited

Company Information

Directors

T Mason M A Nock

Company secretary

Mrs C A Nock

Registered office

16A Shelah Road Halesowen West Midlands B63 3PG

Accountant

Stephen Jones Accountants Chartered Certified Accountants King Edward House 82 Stourbridge Road Halesowen West Midlands B63 3UP

Chartered Certified Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mark One Automotive Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Mark One Automotive Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Mark One Automotive Limited, as a body, in accordance with the terms of our engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Mark One Automotive Limited and state those matters that I have agreed to state to the Board of Directors of Mark One Automotive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Mark One Automotive Limited and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Mark One Automotive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mark One Automotive Limited. You consider that Mark One Automotive Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Mark One Automotive Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

17 November 2025

Mark One Automotive Limited

(Registration number: 03294718)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	25,730	22,619
Current assets
Stocks	5	5,000	5,000
Debtors	6	11,323	9,960
Cash at bank and in hand		77,404	80,247
		93,727	95,207
Creditors: Amounts falling due within one year	7	(25,590)	(28,810)
Net current assets		68,137	66,397
Total assets less current liabilities		93,867	89,016
Provisions for liabilities		(4,889)	(4,297)
Net assets		88,978	84,719
Capital and reserves
Called up share capital	8	100	100
Retained earnings		88,878	84,619
Shareholders' funds		88,978	84,719

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

Mark One Automotive Limited

(Registration number: 03294718)
Balance Sheet as at 31 March 2025

......................................... M A Nock Director

Mark One Automotive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
16A Shelah Road
Halesowen
West Midlands
B63 3PG

These financial statements were authorised for issue by the Board on 17 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling rounded to the nearest £.

Revenue recognition

Turnover represents the net invoiced sales of goods and services, excluding value added tax.

Tangible assets

Tangible assets are stated in the accounts at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	15% on reducing balance
Plant and machinery	15% on reducing balance
Motor vehicles	25% on reducing balance
Leasehold property	Over the term of the lease

Mark One Automotive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and amounts deposited in bank accounts.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business and are recorded at transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities and are recorded at transaction price.

Leases

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Going Concern

The accounts are prepared on the going concern basis.The company continues to trade within its credit facilities and is financially supported by its directors. It is the view of the directors that the company will continue in existence for at least 12 months from the date of signing the accounts.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Mark One Automotive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	12,549	63,361	4,958	80,868
Additions	-	7,085	-	7,085
At 31 March 2025	12,549	70,446	4,958	87,953
Depreciation
At 1 April 2024	12,125	42,427	3,697	58,249
Charge for the year	64	3,595	315	3,974
At 31 March 2025	12,189	46,022	4,012	62,223
Carrying amount
At 31 March 2025	360	24,424	946	25,730
At 31 March 2024	424	20,934	1,261	22,619

Included within the net book value of land and buildings above is £360 (2024 - £424) in respect of freehold land and buildings and £0(2024 - £0) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Stock	5,000	5,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	3,515	2,577
Prepayments	7,699	7,274
Other debtors	109	109
	11,323	9,960

Mark One Automotive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	14,137	12,037
Taxation and social security	9,052	14,535
Accruals and deferred income	2,367	2,204
Other creditors	34	34
	25,590	28,810

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9

Dividends

		2025		2024
		£		£
Interim dividend of £30.00 (2024 - £10.00) per ordinary share		3,000		1,000

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of future financial commitments not included in the balance sheet is £114,000 (2024 - £138,000) with an annual commitment of £24,000 (2024 - £24,000).