REGISTERED NUMBER: 10080240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wharf Garage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Rennie

SECRETARY:

REGISTERED OFFICE:

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

REGISTERED NUMBER:

10080240 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

23,611

20,510

CURRENT ASSETS

Stocks

4,800

4,200

Debtors

5

37,729

38,497

Cash at bank and in hand

13,394

16,346

55,923

59,043

CREDITORS

Amounts falling due within one year

6

61,469

52,663

NET CURRENT (LIABILITIES)/ASSETS

(5,546

)

6,380

TOTAL ASSETS LESS CURRENT LIABILITIES

18,065

26,890

CREDITORS

Amounts falling due after more than one year

7

(12,012

)

(22,013

)

PROVISIONS FOR LIABILITIES

8

(4,343

)

(3,897

)

NET ASSETS

1,710

980

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,610

880

SHAREHOLDERS' FUNDS

1,710

980

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

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

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

S Rennie - Director

1.	STATUTORY INFORMATION

Wharf Garage Limited 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.

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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

Motor Vehicle

-

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 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.

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

Computer

Machinery

Vehicle

Equipment

Totals

£

£

£

£

COST

At 1 April 2024

52,548

1,130

1,544

55,222

Additions

8,351

800

-

9,151

At 31 March 2025

60,899

1,930

1,544

64,373

DEPRECIATION

At 1 April 2024

32,418

979

1,315

34,712

Charge for year

5,697

238

115

6,050

At 31 March 2025

38,115

1,217

1,430

40,762

NET BOOK VALUE

At 31 March 2025

22,784

713

114

23,611

At 31 March 2024

20,130

151

229

20,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade Debtors

10,733

3,501

Directors' loan accounts

23,630

34,337

Prepayments

3,366

659

37,729

38,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade Creditors

24,188

21,151

Tax

16,755

21,348

Social Security & Other Taxes

5,159

2,736

VAT

9,419

6,148

Accrued Expenses

5,948

1,280

61,469

52,663

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

12,012

22,013

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

4,343

3,897

Deferred

tax

£

Balance at 1 April 2024

3,897

Accelerated capital allowance

446

Balance at 31 March 2025

4,343

9.	RELATED PARTY DISCLOSURES

The company is controlled by the company director.