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Registration number: 08522801

Warren Garage Limited
Annual Report and Unaudited Financial Statements- Companies house filing
for the Year Ended 31 May 2025

Warren Garage Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Warren Garage Limited

(Registration number: 08522801)
Statement of Financial Position as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 77,226 | 88,454
Current assets |  |  |
Stocks | 5 | 4,892 | 3,547
Debtors | 6 | 181,511 | 174,505
Cash at bank and in hand |  | 294,508 | 132,770
|  | 480,911 | 310,822
Creditors: Amounts falling due within one year | 7 | (191,449) | (129,968)
Net current assets |  | 289,462 | 180,854
Total assets less current liabilities |  | 366,688 | 269,308
Provisions for liabilities |  | (16,722) | (14,862)
Net assets |  | 349,966 | 254,446
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 349,866 | 254,346
Shareholders' funds |  | 349,966 | 254,446

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 November 2025 and signed on its behalf by:

Warren Garage Limited

(Registration number: 08522801)
Statement of Financial Position as at 31 May 2025

......................................... Mrs B Paling Director

Warren Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 255 Frimley Green Road, Frimley Green, Camberley, Surrey, GU16 6LD. United Kingdom.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Warren Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Short leasehold land and buildings | 15% reducing balance
Plant and machinery | 15% reducing balance and 33% straight line
Motor vehicles | 25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Warren Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

4 | Tangible assets

| Short leasehold land and buildings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 16,812 | 86,714 | 67,406 | 170,932
Additions | 1,987 | 10,324 | 7,800 | 20,111
Disposals | (1,449) | (6,545) | (2,694) | (10,688)
At 31 May 2025 | 17,350 | 90,493 | 72,512 | 180,355
Depreciation
At 1 June 2024 | 6,577 | 37,413 | 38,488 | 82,478
Charge for the year | 1,883 | 9,686 | 16,073 | 27,642
Eliminated on disposal | (1,449) | (3,522) | (2,020) | (6,991)
At 31 May 2025 | 7,011 | 43,577 | 52,541 | 103,129
Carrying amount
At 31 May 2025 | 10,339 | 46,916 | 19,971 | 77,226
At 31 May 2024 | 10,235 | 49,301 | 28,918 | 88,454

Included within the net book value of land and buildings above is £10,339 (2024 - £10,235) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 4,892 | 3,547

Warren Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 3,691 | 902
Other debtors | 171,000 | 171,000
Prepayments | 6,820 | 2,603
| 181,511 | 174,505

Details of non-current trade and other debtors

£171,000 (2024 -£171,000) of Other debtors is classified as non current. The company loaned monies to Warren House Developments Ltd, a company in which the directors have an interest. A formal loan agreement is in place and interest is charged at 3%. Repayment of the loan will occur as funds become available.

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 23,628 | 20,465
Taxation and social security | 83,442 | 60,883
Accruals and deferred income | 7,256 | 2,863
Other creditors | 77,123 | 45,757
| 191,449 | 129,968

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £121,500 (2024 - £150,000).