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Registered number: 08935990
RD Garage Services Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 08935990
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 33,588 55,843
33,588 55,843
CURRENT ASSETS
Stocks 6 10,228 14,062
Debtors 7 9,765 2,576
Cash at bank and in hand 53,823 44,061
73,816 60,699
Creditors: Amounts Falling Due Within One Year 8 (62,921 ) (78,245 )
NET CURRENT ASSETS (LIABILITIES) 10,895 (17,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,483 38,297
Creditors: Amounts Falling Due After More Than One Year 9 (3,469 ) (13,452 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,189 ) (6,621 )
NET ASSETS 34,825 18,224
CAPITAL AND RESERVES
Called up share capital 12 100 100
Income Statement 34,725 18,124
SHAREHOLDERS' FUNDS 34,825 18,224
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
R W Duncan
Director
28 April 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
RD Garage Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08935990 . The registered office is Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 50,000
As at 31 March 2025 50,000
Amortisation
As at 1 April 2024 50,000
As at 31 March 2025 50,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 33,886 79,280 682 6,283 120,131
Additions - - 656 337 993
Disposals (4,695 ) (15,300 ) - (636 ) (20,631 )
As at 31 March 2025 29,191 63,980 1,338 5,984 100,493
Depreciation
As at 1 April 2024 22,394 38,831 344 2,719 64,288
Provided during the period 2,705 7,363 249 629 10,946
Disposals (3,541 ) (4,303 ) - (485 ) (8,329 )
As at 31 March 2025 21,558 41,891 593 2,863 66,905
Net Book Value
As at 31 March 2025 7,633 22,089 745 3,121 33,588
As at 1 April 2024 11,492 40,449 338 3,564 55,843
6. Stocks
2025 2024
£ £
Stock 10,228 14,062
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,717 2,551
Prepayments and accrued income - 25
Directors' loan accounts 6,048 -
9,765 2,576
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,983 9,389
Trade creditors 16,790 33,728
Corporation tax 23,097 14,101
VAT 10,196 13,575
Accruals and deferred income 2,855 2,452
Directors' loan accounts - 5,000
62,921 78,245
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,469 13,452
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 22,841
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 6,621 6,621
Reversals (432 ) (432)
Balance at 31 March 2025 6,189 6,189
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 975 -
Later than one year and not later than five years - 3,315
975 3,315
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Lisa Duncan - 3,024 - - 3,024
Mr Richard Duncan - 3,024 - - 3,024
The above loan is unsecured, interest free and repayable on demand.
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