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Registration number: 01350947

Gotham Service Station Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Gotham Service Station Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Gotham Service Station Limited

Company Information

Directors

D. Pinder

S. M. Pinder

J. D. Pinder

Company secretary

D. Pinder

Registered office

99a Nottingham Road
Gotham
Nottingham
Nottinghamshire
NG11 0HE

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Gotham Service Station Limited

(Registration number: 01350947)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

1,750

5,250

Tangible assets

5

155,081

163,702

 

156,831

168,952

Current assets

 

Stocks

6

134,412

104,344

Debtors

7

209,431

202,088

Cash at bank and in hand

 

31,252

93,854

 

375,095

400,286

Creditors: Amounts falling due within one year

8

(241,013)

(278,406)

Net current assets

 

134,082

121,880

Total assets less current liabilities

 

290,913

290,832

Creditors: Amounts falling due after more than one year

8

(13,834)

(23,598)

Provisions for liabilities

(10,908)

(18,415)

Net assets

 

266,171

248,819

Capital and reserves

 

Called up share capital

9

3,016

3,016

Revaluation reserve

65,974

67,433

Retained earnings

197,181

178,370

Shareholders' funds

 

266,171

248,819

 

Gotham Service Station Limited

(Registration number: 01350947)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 and 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 19 June 2025 and signed on its behalf by:
 

.........................................
J. D. Pinder
Director

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

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

The address of its registered office is:
99a Nottingham Road
Gotham
Nottingham
Nottinghamshire
NG11 0HE

These financial statements were authorised for issue by the Board on 19 June 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost or revaluation, 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

2% to 33.33% on cost

Freehold land

not depreciated

Office equipment

10% to 25% on reducing balance

Motor vehicles

25% on reducing balance

Workshop equipment

20% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Twenty years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

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.

The cost of stocks held comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2024

70,000

70,000

At 30 April 2025

70,000

70,000

Amortisation

At 1 May 2024

64,750

64,750

Amortisation charge

3,500

3,500

At 30 April 2025

68,250

68,250

Carrying amount

At 30 April 2025

1,750

1,750

At 30 April 2024

5,250

5,250

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5

Tangible assets

Freehold property
£

Office equipment
 £

Motor vehicles
 £

Workshop equipment
£

Total
£

Cost or valuation

At 1 May 2024

170,617

15,343

67,572

39,175

292,707

Additions

-

1,743

29,519

4,855

36,117

Disposals

-

-

(45,197)

-

(45,197)

At 30 April 2025

170,617

17,086

51,894

44,030

283,627

Depreciation

At 1 May 2024

66,422

9,362

30,727

22,494

129,005

Charge for the year

2,037

1,644

8,817

3,641

16,139

Eliminated on disposal

-

-

(16,598)

-

(16,598)

At 30 April 2025

68,459

11,006

22,946

26,135

128,546

Carrying amount

At 30 April 2025

102,158

6,080

28,948

17,895

155,081

At 30 April 2024

104,195

5,981

36,845

16,681

163,702

Revaluation

The fair value of the company's freehold land and buildings was revalued on 30 April 2010. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £32,687 (2024 - £33,261).

6

Stocks

2025
£

2024
£

Vehicles and parts

134,412

104,344

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Debtors

Current

2025
£

2024
£

Trade debtors

19,761

19,982

Prepayments

15,125

7,561

Other debtors

174,545

174,545

 

209,431

202,088

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

14,000

14,349

Trade creditors

 

36,403

41,580

Taxation and social security

 

23,087

19,045

Accruals and deferred income

 

15,917

27,054

Other creditors

 

151,606

176,378

 

241,013

278,406


Creditors include hire purchase liabilities which are secured of £nil (2024 - £3,849).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

13,834

23,598


Creditors include hire purchase liabilities which are secured of £nil (2024 - £13,265).

 

Gotham Service Station Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

3,016

3,016

3,016

3,016

         

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowing

13,834

10,333

Hire purchase contracts

-

13,265

13,834

23,598

Current loans and borrowings

2025
£

2024
£

Bank borrowing

14,000

10,500

Hire purchase contracts

-

3,849

14,000

14,349