REGISTERED NUMBER: 09669516 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Greenwood Motor Services Ltd

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Mr S J Gurden

Mrs R Gurden

Registered office:

48 Union Street

Hyde

Cheshire

SK14 1ND

Registered number:

09669516 (England and Wales)

Accountants:

Allen Mills Howard & Co

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greenwood Motor Services Ltd for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Greenwood Motor Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenwood Motor Services Ltd and state those matters that we have agreed to state to the Board of Directors of Greenwood Motor Services Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greenwood Motor Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greenwood Motor Services Ltd. You consider that Greenwood Motor Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenwood Motor Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Allen Mills Howard & Co

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

18 November 2025

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

42,467

56,278

42,467

56,278

Current assets

Stocks

16,000

11,000

Debtors

6

37,688

34,091

Cash at bank and in hand

22,741

31,638

76,429

76,729

Creditors

Amounts falling due within one year

7

56,315

56,454

Net current assets

20,114

20,275

Total assets less current liabilities

62,581

76,553

Creditors

Amounts falling due after more than one year

8

(61,626

)

(72,268

)

Provisions for liabilities

(784

)

(2,553

)

Net assets

171

1,732

Capital and reserves

Called up share capital

9

100

100

Retained earnings

71

1,632

Shareholders' funds

171

1,732

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Mrs R Gurden - Director

1.	Statutory information

Greenwood Motor Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

20% on cost

Tools and equipment

-

20% on cost

Motor vehicles

-

25% 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 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 6 (2024 - 6 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 August 2024

and 31 July 2025

14,000

Amortisation

At 1 August 2024

and 31 July 2025

14,000

Net book value

At 31 July 2025

-

At 31 July 2024

-

5.	Tangible fixed assets

Freehold

Tools and

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 August 2024

30,637

47,837

50,889

2,080

131,443

Additions

-

4,631

-

-

4,631

At 31 July 2025

30,637

52,468

50,889

2,080

136,074

Depreciation

At 1 August 2024

27,113

36,894

9,078

2,080

75,165

Charge for year

3,524

4,465

10,453

-

18,442

At 31 July 2025

30,637

41,359

19,531

2,080

93,607

Net book value

At 31 July 2025

-

11,109

31,358

-

42,467

At 31 July 2024

3,524

10,943

41,811

-

56,278

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

7,009

11,480

Other debtors

30,679

22,611

37,688

34,091

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

36,674

37,867

Taxation and social security

15,922

16,055

Other creditors

3,719

2,532

56,315

56,454

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

26,852

32,408

Hire purchase contracts

34,774

39,860

61,626

72,268

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr S J Gurden

Balance outstanding at start of year

7,293

7,308

Amounts advanced

2,000

-

Amounts repaid

-

(15

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,293

7,293

Mrs R Gurden

Balance outstanding at start of year

-

-

Amounts advanced

9,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,000

-