REGISTERED NUMBER: 06586861

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

South Coast Garage Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Smith

SECRETARY:

Stones Book Keeping Services (Sussex) Limited

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

06586861

FIXED ASSETS

Intangible assets

4

12,724

20,760

Tangible assets

5

109,989

107,255

122,713

128,015

CURRENT ASSETS

Stocks

32,599

33,786

Debtors

6

72,032

42,050

Investments

7

88,038

57,247

Cash at bank and in hand

37,072

54,228

229,741

187,311

CREDITORS

Amounts falling due within one year

8

426,535

381,914

NET CURRENT LIABILITIES

(196,794

)

(194,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,081

)

(66,588

)

CREDITORS

Amounts falling due after more than one year

9

(62,092

)

(62,071

)

PROVISIONS FOR LIABILITIES

(5,048

)

(6,310

)

NET LIABILITIES

(141,221

)

(134,969

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(141,321

)

(135,069

)

SHAREHOLDERS' FUNDS

(141,221

)

(134,969

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 November 2025 and were signed by:

D Smith - Director

1.	STATUTORY INFORMATION

South Coast Garage Services Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risk and reward of ownership of the assets have passed to the company are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

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 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 March 2024

and 28 February 2025

32,145

AMORTISATION

At 1 March 2024

11,384

Amortisation for year

8,037

At 28 February 2025

19,421

NET BOOK VALUE

At 28 February 2025

12,724

At 29 February 2024

20,761

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

187,856

33,589

-

8,289

229,734

Additions

-

15,494

10,500

1,322

27,316

At 28 February 2025

187,856

49,083

10,500

9,611

257,050

DEPRECIATION

At 1 March 2024

114,054

4,363

-

4,063

122,480

Charge for year

14,761

7,634

1,165

1,021

24,581

At 28 February 2025

128,815

11,997

1,165

5,084

147,061

NET BOOK VALUE

At 28 February 2025

59,041

37,086

9,335

4,527

109,989

At 29 February 2024

73,802

29,226

-

4,226

107,254

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

28,485

14,550

Directors' loan accounts

25,094

15,000

Prepayments

18,453

12,500

72,032

42,050

7.	CURRENT ASSET INVESTMENTS

28/2/25

29/2/24

£

£

Unlisted investments

88,038

57,247

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

31,615

27,553

Trade creditors

103,145

113,407

Tax

21,144

12,626

Social security and other taxes

142,387

116,176

VAT

122,717

108,251

Accrued expenses

5,527

3,901

426,535

381,914

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans - 2-5 years

28,690

33,696

Other loans - 1-2 years

11,536

-

Loan Acc

21,866

28,375

62,092

62,071

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25

29/2/24

£

£

D Smith

Balance outstanding at start of year

15,000

-

Amounts advanced

10,093

15,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,093

15,000

The company director nominated a loan to borrow funds from the company. These will be repaid in a timely manor.

11.	RELATED PARTY DISCLOSURES

The director has loaned the company money to trade. This is secured against the tools and fixtures.

The money loaned balance is shown on the balance sheet as the directors loan account. No interest has been charged for this loan.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is D Smith.