F.P.SMITH MOTORS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider that the Company has sufficient liquid resources to enable the Company to cover its costs and pay its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. Consequently, the Directors have concluded that there are no material uncertainties that may cast significant doubt about the Company's ability to continue as a going concern for the next 12 months from the date of approval of these financial statements. Accordingly, the going concern basis has been adopted in preparing the financial statements.”

Significant events

• “Against a backdrop of softer retail demand, elevated costs and structural change within the retail motor sector, the Company delivered results ahead of expectations. This outcome demonstrates the Company's resilience, adaptability and continued focus on customer service in a more demanding operating environment.”
• “Broader economic conditions continued to weigh on the sector. Persistently high borrowing costs, rising wage bills from National Minimum Wage uplifts, and higher energy and running expenses placed pressure on the cost base.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10%

  £37,004,754 → £40,706,598

• Cash

  +222.8%

  £246,350 → £795,103

• Net assets

  +12.8%

  £2,738,876 → £3,090,405

• Employees

  +5.2%

  58 → 61

• Operating profit

  -5.3%

  £489,314 → £463,369

• Profit before tax

  -4.1%

  £487,474 → £467,343

• Wages

  +6.2%

  £2,068,616 → £2,197,611

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers