REGISTERED NUMBER: 12416991

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HYETT'S GARAGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Hyett

REGISTERED OFFICE:

Hyett's Garage

Worcester Road

Grafton Flyford

Worcestershire

WR7 4PW

REGISTERED NUMBER:

12416991

ACCOUNTANTS:

SAS Accountant Ltd t/as OJW Associates

16 Hennals Avenue

Webheath

Redditch

Worcestershire

B97 5RX

FIXED ASSETS

Tangible assets

4

26,267

16,697

CURRENT ASSETS

Debtors

5

41,045

26,195

Cash at bank and in hand

61,016

39,456

102,061

65,651

CREDITORS

Amounts falling due within one year

6

99,855

64,148

NET CURRENT ASSETS

2,206

1,503

TOTAL ASSETS LESS CURRENT LIABILITIES

28,473

18,200

CREDITORS

Amounts falling due after more than one year

7

(2,063

)

(6,250

)

PROVISIONS FOR LIABILITIES

9

(3,847

)

(2,412

)

NET ASSETS

22,563

9,538

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

22,562

9,537

SHAREHOLDERS' FUNDS

22,563

9,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2025 and were signed by:

Mr A Hyett - Director

1.	STATUTORY INFORMATION

Hyett's Garage Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery

-

15% on reducing balance

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.

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

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

31,839

3,000

34,839

Additions

5,435

10,188

15,623

At 31st March 2025

37,274

13,188

50,462

DEPRECIATION

At 1st April 2024

16,829

1,313

18,142

Charge for year

3,085

2,968

6,053

At 31st March 2025

19,914

4,281

24,195

NET BOOK VALUE

At 31st March 2025

17,360

8,907

26,267

At 31st March 2024

15,010

1,687

16,697

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,983

9,408

Amounts owed by associates

25,466

16,261

Prepayments

596

526

41,045

26,195

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

20,371

5,000

Trade creditors

41,580

25,319

Tax

9,923

9,597

Social security and other taxes

1,276

3,344

VAT

13,547

10,390

Other creditors

-

619

Net wages

9,622

6,425

Directors' current accounts

1,886

2,554

Accrued expenses

1,650

900

99,855

64,148

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

2,063

6,250

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

20,371

5,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,063

5,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,250

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

3,847

2,412

Deferred

tax

£

Balance at 1st April 2024

2,412

Provided during year

1,435

Balance at 31st March 2025

3,847

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1