REGISTERED NUMBER: 10655290 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bridgend Garage Bridgend Glos Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B D Callaghan

REGISTERED OFFICE:

Lower Mills Road

Bridgend

Stonehouse

Gloucestershire

GL10 2BB

REGISTERED NUMBER:

10655290 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

HSBC Plc

4 King Street

Stroud

Gloucestershire

GL5 3DS

FIXED ASSETS

Tangible assets

4

15,016

8,118

CURRENT ASSETS

Stocks

2,000

1,000

Debtors

5

2,892

2,767

Cash at bank and in hand

49,196

53,690

54,088

57,457

CREDITORS

Amounts falling due within one year

6

36,387

41,590

NET CURRENT ASSETS

17,701

15,867

TOTAL ASSETS LESS CURRENT LIABILITIES

32,717

23,985

CREDITORS

Amounts falling due after more than one year

7

(6,192

)

-

PROVISIONS FOR LIABILITIES

(3,003

)

(1,786

)

NET ASSETS

23,522

22,199

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,422

22,099

SHAREHOLDERS' FUNDS

23,522

22,199

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 director acknowledges his 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 director and authorised for issue on 12 September 2025 and were signed by:

B D Callaghan - Director

1.	STATUTORY INFORMATION

Bridgend Garage Bridgend Glos Ltd 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.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

13,995

1,765

694

16,454

Additions

10,359

450

-

10,809

Disposals

(600

)

-

-

(600

)

At 31 March 2025

23,754

2,215

694

26,663

Depreciation

At 1 April 2024

7,154

488

694

8,336

Charge for year

3,409

345

-

3,754

Eliminated on disposal

(443

)

-

-

(443

)

At 31 March 2025

10,120

833

694

11,647

Net book value

At 31 March 2025

13,634

1,382

-

15,016

At 31 March 2024

6,841

1,277

-

8,118

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

Plant and

machinery

£

Cost

Additions

6,659

At 31 March 2025

6,659

Depreciation

Charge for year

1,332

At 31 March 2025

1,332

Net book value

At 31 March 2025

5,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

186

551

Other debtors

2,706

2,216

2,892

2,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 8)

922

-

Trade creditors

14,606

15,753

Taxation and social security

19,067

23,976

Other creditors

1,792

1,861

36,387

41,590

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 8)

6,192

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

922

-

Between one and five years

6,192

-

7,114

-

Non-cancellable

operating leases

31/3/25

31/3/24

£

£

Within one year

12,000

-

Between one and five years

44,000

-

56,000

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

B D Callaghan

Balance outstanding at start of year

-

9,111

Amounts repaid

-

(9,111

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above unsecured loan attracted no interest and had no repayment terms. It was, however, repaid during the year.