Company Registration No. 12750830 (England and Wales)
Hillclimb Garage Ltd
Unaudited accounts
for the year ended 31 March 2025
Hillclimb Garage Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
46,282
53,232
Tangible assets
69,741
34,316
Cash at bank and in hand
149,156
189,695
Creditors: amounts falling due within one year
(113,649)
(128,861)
Net current assets
108,346
118,073
Total assets less current liabilities
224,369
205,621
Creditors: amounts falling due after more than one year
(98,324)
(118,026)
Called up share capital
177
174
Profit and loss account
125,868
87,421
Shareholders' funds
126,045
87,595
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
Mark Darvill
Director
Company Registration No. 12750830
Hillclimb Garage Ltd
Notes to the Accounts
for the year ended 31 March 2025
Hillclimb Garage Ltd is a private company, limited by shares, registered in England and Wales, registration number 12750830. The registered office is 17 LITTLEWORTH ROAD, DOWNLEY, HIGH WYCOMBE, BUCKS, HP13 5XF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
33% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Hillclimb Garage Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
41,750
24,891
14,845
25,847
107,333
Additions
13,421
-
43,538
4,855
61,814
Disposals
(1,677)
-
-
-
(1,677)
At 31 March 2025
53,494
24,891
58,383
30,702
167,470
At 1 April 2024
35,934
12,996
5,620
18,467
73,017
Charge for the year
5,684
6,228
8,186
5,546
25,644
On disposals
(932)
-
-
-
(932)
At 31 March 2025
40,686
19,224
13,806
24,013
97,729
At 31 March 2025
12,808
5,667
44,577
6,689
69,741
At 31 March 2024
5,816
11,895
9,225
7,380
34,316
Amounts falling due within one year
Trade debtors
17,898
25,651
Accrued income and prepayments
19,472
2,990
Other debtors
12,369
12,012
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
55,124
52,507
Taxes and social security
52,709
66,070
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
2,903
2,747
Loans from directors
95,421
115,279
9
Average number of employees
During the year the average number of employees was 13 (2024: 12).