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Registered number: 08607417
Cowperthwaites Garage Limited
ACCOUNTS
FOR THE YEAR ENDED 30/06/2025
Cowperthwaites Garage Limited
BALANCE SHEET AT 30/06/2025
20252024
Notes££
FIXED ASSETS
Tangible assets4712,511694,959
CURRENT ASSETS
Stock12,1576,222
Debtors727,44139,056
Cash at bank and in hand358,023352,435
397,621397,713
CREDITORS: Amounts falling due within one year8239,029310,973
NET CURRENT ASSETS158,59286,740
TOTAL ASSETS LESS CURRENT LIABILITIES871,103781,699
PROVISIONS FOR LIABILITIES AND CHARGES926,92521,616
NET ASSETS844,178760,083
CAPITAL AND RESERVES
Called up share capital10150,200150,200
Profit and loss account693,978609,883
SHAREHOLDERS' FUNDS844,178760,083
For the year ending 30/06/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/10/2025 and signed on their behalf by
.............................
Mr B Cowperthwaite
Director
Cowperthwaites Garage Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 20%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
Cowperthwaites Garage Limited
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20252024
No.No.
Average number of employees1010
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2024125,000125,000
At 30/06/2025125,000125,000
Depreciation
At 01/07/2024125,000125,000
At 30/06/2025125,000125,000
Net Book Amounts
At 30/06/2025--
Cowperthwaites Garage Limited
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/07/2024599,149234,726833,875
Additions-44,43744,437
Disposals-(2,750)(2,750)
At 30/06/2025599,149276,413875,562
Depreciation
At 01/07/2024-138,916138,916
Disposals-(2,106)(2,106)
For the year-26,24126,241
At 30/06/2025-163,051163,051
Net Book Amounts
At 30/06/2025599,149113,362712,511
At 30/06/2024599,14995,810694,959
5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/2024249,732249,732
At 30/06/2025249,732249,732
6. STOCK 20252024
££
Stock comprises:
Stock12,1576,222
12,1576,222
Cowperthwaites Garage Limited
7. DEBTORS 20252024
££
Amounts falling due within one year:
Trade debtors27,25338,881
Other debtors188175
27,44139,056
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Trade creditors43,19130,123
Taxation and social security75,25481,657
Other creditors120,584199,193
239,029310,973
9. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation26,92521,616
26,92521,616
10. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
130 Ordinary A shares of £1 each130130
20 Ordinary B shares of £1 each2020
50 Ordinary D shares of £1 each5050
150000 Redeemable preference shares of £1 each150000150000
150,200150,200