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REGISTERED NUMBER: 06946362 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FOXHOLES GARAGE LIMITED

FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOXHOLES GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G R Wilkinson
C K Wilkinson





SECRETARY: C K Wilkinson





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 06946362 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,687 14,437
Tangible assets 5 48,650 53,633
60,337 68,070

CURRENT ASSETS
Stocks 3,249 3,094
Debtors 6 29,197 27,971
Cash at bank and in hand 175,358 167,369
207,804 198,434
CREDITORS
Amounts falling due within one year 7 103,065 98,399
NET CURRENT ASSETS 104,739 100,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,076

168,105

PROVISIONS FOR LIABILITIES 4,301 4,997
NET ASSETS 160,775 163,108

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 160,675 163,008
SHAREHOLDERS' FUNDS 160,775 163,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)

BALANCE SHEET - continued
31 MARCH 2025


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:




G R Wilkinson - Director



C K Wilkinson - Director


FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Foxholes Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the revenue received in respect of motor vehicle repairs and maintenance, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised upon fulfilment of rights and obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Leasehold improvements - Straight line over 15 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 55,000
AMORTISATION
At 1 April 2024 40,563
Charge for year 2,750
At 31 March 2025 43,313
NET BOOK VALUE
At 31 March 2025 11,687
At 31 March 2024 14,437

FOXHOLES GARAGE LIMITED (REGISTERED NUMBER: 06946362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 27,354 83,560 110,914
Additions - 737 737
At 31 March 2025 27,354 84,297 111,651
DEPRECIATION
At 1 April 2024 - 57,281 57,281
Charge for year 1,200 4,520 5,720
At 31 March 2025 1,200 61,801 63,001
NET BOOK VALUE
At 31 March 2025 26,154 22,496 48,650
At 31 March 2024 27,354 26,279 53,633

Included in cost of land and buildings is freehold land of £ 9,354 (2024 - £ 9,354 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 25,112 24,198
Other debtors 4,085 3,773
29,197 27,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 60,498 57,098
Taxation and social security 34,860 34,812
Other creditors 7,707 6,489
103,065 98,399

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100