Station View Garage (Dorking) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05176110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STATION VIEW GARAGE (DORKING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Pirt

Mrs J E Pirt

G Wheeler

SECRETARY:

Mrs J E Pirt

REGISTERED OFFICE:

Station View Garage

Station Road

Dorking

Surrey

RH4 1HF

REGISTERED NUMBER:

05176110 (England and Wales)

ACCOUNTANTS:

Sophic Finance Ltd

Chartered Accountants

Little Coombe

Longfield Road

Dorking

Surrey

RH4 3DE

FIXED ASSETS

Tangible assets

4

41,606

305,632

CURRENT ASSETS

Stocks

8,116

7,880

Debtors

5

305,753

40,945

Cash at bank and in hand

680,238

838,912

994,107

887,737

CREDITORS

Amounts falling due within one year

6

151,501

280,142

NET CURRENT ASSETS

842,606

607,595

TOTAL ASSETS LESS CURRENT
LIABILITIES

884,212

913,227

PROVISIONS FOR LIABILITIES

-

14,692

NET ASSETS

884,212

898,535

CAPITAL AND RESERVES

Called up share capital

7

10,000

Fair value reserve

-

84,331

Retained earnings

874,212

804,204

SHAREHOLDERS' FUNDS

884,212

898,535

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:

A K Pirt - Director

1.	STATUTORY INFORMATION

Station View Garage (Dorking) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Equipment

-

30% on cost

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 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property

In accordance with FRS 102 Investment properties are measured at fair value at each reporting date with changes in fair value recognised within the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

investment

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

257,500

133,402

64,083

Additions

-

3,311

Disposals

(257,500

)

-

At 31 March 2025

-

133,402

67,394

DEPRECIATION

At 1 April 2024

-

132,228

17,433

Charge for year

-

704

8,952

At 31 March 2025

-

132,932

26,385

NET BOOK VALUE

At 31 March 2025

-

470

41,009

At 31 March 2024

257,500

1,174

46,650

Motor

vehicles

Equipment

Totals

£

COST

At 1 April 2024

125,915

28,209

609,109

Additions

-

3,311

Disposals

-

(257,500

)

At 31 March 2025

125,915

28,209

354,920

DEPRECIATION

At 1 April 2024

125,915

27,901

303,477

Charge for year

-

181

9,837

At 31 March 2025

125,915

28,082

313,314

NET BOOK VALUE

At 31 March 2025

-

127

41,606

At 31 March 2024

-

308

305,632

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

24,054

DEPRECIATION

At 1 April 2024

and 31 March 2025

24,054

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

28,967

24,381

Amounts owed by parent company

260,911

-

Other debtors

13,991

Prepayments

1,884

2,573

305,753

40,945

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,809

162

Trade creditors

47,752

52,619

Amounts owed to parent company

-

132,053

Corporation tax

64,786

64,371

Social security and other taxes

4,466

3,464

VAT

19,872

21,959

Directors' current accounts

501

292

Accruals and deferred income

1,130

Accrued expenses

5,185

4,092

151,501

280,142

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

10,000

Ordinary

£1

10,000