REGISTERED NUMBER: 05808937 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

R Ring and I Parham Motor Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A R Davenne

Mr I C Parham

Mr R P Ring

REGISTERED OFFICE:

Unit 33b

Fourth Avenue

Westfield Industrial Easte

Radstock

Bath

BA3 4XE

REGISTERED NUMBER:

05808937 (England and Wales)

ACCOUNTANTS:

Accounting Solutions

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

FIXED ASSETS

Intangible assets

4

10,500

2,700

Tangible assets

5

286,805

310,500

297,305

313,200

CURRENT ASSETS

Stocks

5,500

8,640

Debtors

6

22,869

26,681

Cash at bank

47,630

113,566

75,999

148,887

CREDITORS

Amounts falling due within one year

7

326,531

394,337

NET CURRENT LIABILITIES

(250,532

)

(245,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,773

67,750

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

46,623

67,600

SHAREHOLDERS' FUNDS

46,773

67,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr A R Davenne - Director

Mr I C Parham - Director

Mr R P Ring - Director

1.	STATUTORY INFORMATION

R Ring and I Parham Motor Company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

38,000

Additions

9,000

At 31 May 2025

47,000

AMORTISATION

At 1 June 2024

35,300

Amortisation for year

1,200

At 31 May 2025

36,500

NET BOOK VALUE

At 31 May 2025

10,500

At 31 May 2024

2,700

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2024

335,092

82,226

7,650

Additions

979

4,307

-

Disposals

(6,087

)

-

-

At 31 May 2025

329,984

86,533

7,650

DEPRECIATION

At 1 June 2024

52,408

68,205

3,133

Charge for year

16,499

4,582

1,490

At 31 May 2025

68,907

72,787

4,623

NET BOOK VALUE

At 31 May 2025

261,077

13,746

3,027

At 31 May 2024

282,684

14,021

4,517

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

4,790

20,190

449,948

Additions

-

2,662

7,948

Disposals

-

-

(6,087

)

At 31 May 2025

4,790

22,852

451,809

DEPRECIATION

At 1 June 2024

2,297

13,405

139,448

Charge for year

623

2,362

25,556

At 31 May 2025

2,920

15,767

165,004

NET BOOK VALUE

At 31 May 2025

1,870

7,085

286,805

At 31 May 2024

2,493

6,785

310,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,419

26,681

Other debtors

450

-

22,869

26,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

160,524

237,263

Trade creditors

46,479

49,594

Taxation and social security

48,137

43,325

Other creditors

71,391

64,155

326,531

394,337