REGISTERED NUMBER: 04710692 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ince Blundell Garages Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Blackwell

M R Blackwell

SECRETARY:

Mrs S Blackwell

REGISTERED OFFICE:

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

REGISTERED NUMBER:

04710692 (England and Wales)

ACCOUNTANTS:

DJH Liverpool

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Intangible assets

4

33,600

36,000

Tangible assets

5

2,097

1,270

35,697

37,270

CURRENT ASSETS

Stocks

97,009

187,712

Debtors

6

208,029

146,461

Investments

7

32,036

52,036

Cash at bank

455

39,996

337,529

426,205

CREDITORS

Amounts falling due within one year

8

267,464

188,425

NET CURRENT ASSETS

70,065

237,780

TOTAL ASSETS LESS CURRENT LIABILITIES

105,762

275,050

CREDITORS

Amounts falling due after more than one year

9

98,542

246,683

NET ASSETS

7,220

28,367

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,120

28,267

7,220

28,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 17 September 2025 and were signed on its behalf by:

R G Blackwell - Director

1.	STATUTORY INFORMATION

Ince Blundell Garages 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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.

Plant and machinery etc

-

25% reducing balance and 20% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

48,000

AMORTISATION

At 1 January 2024

12,000

Charge for year

2,400

At 31 December 2024

14,400

NET BOOK VALUE

At 31 December 2024

33,600

At 31 December 2023

36,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

4,591

Additions

2,764

At 31 December 2024

7,355

DEPRECIATION

At 1 January 2024

3,321

Charge for year

1,937

At 31 December 2024

5,258

NET BOOK VALUE

At 31 December 2024

2,097

At 31 December 2023

1,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

88,258

45,024

Other debtors

119,771

101,437

208,029

146,461

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Unlisted investments

32,036

52,036

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

84,243

18,688

Trade creditors

125,632

120,074

Taxation and social security

48,787

42,020

Other creditors

8,802

7,643

267,464

188,425

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

98,542

246,683

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R G Blackwell.