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Registered Number: 07586248
England and Wales

 

 

 

SOUTHCOMBE GARAGE HOLDINGS 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 07586248
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 3 498,139    498,554 
Investments 4 30    30 
498,169    498,584 
Current assets      
Debtors 5 202,726    162,926 
Cash at bank and in hand 39,203    10,309 
241,929    173,235 
Creditors: amount falling due within one year 6 (25,312)   (23,008)
Net current assets 216,617    150,227 
 
Total assets less current liabilities 714,786    648,811 
Net assets 714,786    648,811 
 

Capital and reserves
     
Called up share capital 7 2    2 
Profit and loss account 714,784    648,809 
Shareholders' funds 714,786    648,811 
 


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 Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 07586248, 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
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:
Plant and Machinery 10% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 November 2023 494,400    6,478    500,878 
Additions    
Disposals    
At 31 October 2024 494,400    6,478    500,878 
Depreciation
At 01 November 2023   2,324    2,324 
Charge for year   415    415 
On disposals    
At 31 October 2024   2,739    2,739 
Net book values
Closing balance as at 31 October 2024 494,400    3,739    498,139 
Opening balance as at 01 November 2023 494,400    4,154    498,554 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 November 2023 30    30 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 October 2024 30    30 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 202,726    162,926 
202,726    162,926 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 24,991    22,689 
Other Creditors 321    319 
25,312    23,008 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

4