2023-11-01 2024-10-31 false No description of principal activity Capium Accounts Production 1.1 04559626 2023-11-01 2024-10-31 04559626 bus:FullAccounts 2023-11-01 2024-10-31 04559626 bus:FRS102 2023-11-01 2024-10-31 04559626 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04559626 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04559626 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04559626 2023-11-01 2024-10-31 04559626 2024-10-31 04559626 bus:RegisteredOffice 2023-11-01 2024-10-31 04559626 core:WithinOneYear 2024-10-31 04559626 core:AfterOneYear 2024-10-31 04559626 1 2023-11-01 2024-10-31 04559626 bus:Director1 2023-11-01 2024-10-31 04559626 bus:Director1 2024-10-31 04559626 bus:Director1 2022-11-01 2023-10-31 04559626 bus:Director2 2023-11-01 2024-10-31 04559626 bus:Director2 2024-10-31 04559626 bus:Director2 2022-11-01 2023-10-31 04559626 2022-11-01 04559626 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 04559626 2022-11-01 2023-10-31 04559626 2023-10-31 04559626 core:WithinOneYear 2023-10-31 04559626 core:AfterOneYear 2023-10-31 04559626 bus:EntityAccountantsOrAuditors 2022-11-01 2023-10-31 04559626 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 04559626 bus:OrdinaryShareClass1 2024-10-31 04559626 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 04559626 bus:OrdinaryShareClass1 2023-10-31 04559626 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 04559626 bus:OrdinaryShareClass2 2024-10-31 04559626 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 04559626 bus:OrdinaryShareClass2 2023-10-31 04559626 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 04559626 bus:OrdinaryShareClass3 2024-10-31 04559626 bus:OrdinaryShareClass3 2022-11-01 2023-10-31 04559626 bus:OrdinaryShareClass3 2023-10-31 04559626 bus:OrdinaryShareClass4 2023-11-01 2024-10-31 04559626 bus:OrdinaryShareClass4 2024-10-31 04559626 bus:OrdinaryShareClass4 2022-11-01 2023-10-31 04559626 bus:OrdinaryShareClass4 2023-10-31 04559626 core:LandBuildings 2023-11-01 2024-10-31 04559626 core:LandBuildings 2024-10-31 04559626 core:LandBuildings 2023-10-31 04559626 core:MotorCars 2023-11-01 2024-10-31 04559626 core:MotorCars 2024-10-31 04559626 core:MotorCars 2023-10-31 04559626 core:FurnitureFittings 2023-11-01 2024-10-31 04559626 core:FurnitureFittings 2024-10-31 04559626 core:FurnitureFittings 2023-10-31 04559626 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-10-31 04559626 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 04559626 core:NetGoodwill 2023-11-01 2024-10-31 04559626 core:NetGoodwill 2024-10-31 04559626 core:NetGoodwill 2023-10-31 04559626 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 04559626 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 04559626 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-10-31 04559626 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 04559626 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 04559626 core:Non-currentFinancialInstruments 2024-10-31 04559626 core:Non-currentFinancialInstruments 2023-10-31 04559626 core:ShareCapital 2024-10-31 04559626 core:ShareCapital 2023-10-31 04559626 core:RetainedEarningsAccumulatedLosses 2024-10-31 04559626 core:RetainedEarningsAccumulatedLosses 2023-10-31 04559626 dpl:Item1 2023-11-01 04559626 dpl:Item1 2024-10-31 04559626 dpl:Item1 2022-11-01 04559626 dpl:Item1 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04559626
England and Wales

 

 

 

SOUTHCOMBE GARAGE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Directors Benjamin Dix
Michelle Anne Dix
Registered Number 04559626
Registered Office Southcombe Garage
Southcombe
Chipping Norton
Oxfordshire
OX7 5QH
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 October 2024
Directors
The directors who served the company throughout the year were as follows:
Benjamin Dix
Michelle Anne Dix
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Benjamin Dix
Director

Date approved: 16 July 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 218,327    215,236 
218,327    215,236 
Current assets      
Stocks 5 3,932    4,660 
Debtors 6 11,499    180,761 
Cash at bank and in hand 72,480    77,308 
87,911    262,729 
Creditors: amount falling due within one year 7 (156,650)   (287,088)
Net current assets (68,739)   (24,359)
 
Total assets less current liabilities 149,588    190,877 
Creditors: amount falling due after more than one year 8 (33,420)   (54,206)
Net assets 116,168    136,671 
 

Capital and reserves
     
Called up share capital 9 70    70 
Profit and loss account 116,098    136,601 
Shareholders' funds 116,168    136,671 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 July 2025 and were signed on its behalf by:


-------------------------------
Benjamin Dix
Director
3
General Information
Southcombe Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 04559626, registration address Southcombe Garage, Southcombe, Chipping Norton, Oxfordshire, OX7 5QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
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.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 18 Years Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 10% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 11).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2023 105,000    105,000 
Additions  
Disposals  
At 31 October 2024 105,000    105,000 
Amortisation
At 01 November 2023 105,000    105,000 
Charge for year  
On disposals  
At 31 October 2024 105,000    105,000 
Net book values
At 31 October 2024  
At 31 October 2023  


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 November 2023 45,371    84,629    279,472    409,472 
Additions     32,980    32,980 
Disposals      
At 31 October 2024 45,371    84,629    312,452    442,452 
Depreciation
At 01 November 2023 35,915    7,281    151,040    194,236 
Charge for year 1,576    15,470    12,843    29,889 
On disposals      
At 31 October 2024 37,491    22,751    163,883    224,125 
Net book values
Closing balance as at 31 October 2024 7,880    61,878    148,569    218,327 
Opening balance as at 01 November 2023 9,456    77,348    128,432    215,236 


5.

Stocks

2024
£
  2023
£
Parts stock 3,932    4,660 
3,932    4,660 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 11,499    6,920 
Other Debtors   4,123 
PAYE & Social Security   2 
Directors' Current Accounts   169,716 
11,499    180,761 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 50,069    45,933 
Bank Loans & Overdrafts 10,000    10,000 
Amounts Owed to Group Undertakings   162,926 
Corporation Tax 48,800    27,608 
Accrued Expenses 970    970 
Obligations under HP/Financial Leases 10,800    10,800 
Directors' Current Accounts 2,557   
VAT 33,454    28,851 
156,650    287,088 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 5,852    15,839 
Obligations Under HP/Financial Leases 27,568    38,367 
33,420    54,206 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
301 Ordinary shares of £0.10 each 30    30 
200 Class A shares of £0.10 each 20    20 
100 Class B shares of £0.10 each 10    10 
100 Class C shares of £0.10 each 10    10 
70    70 

4