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Registered number: 06956583
Premier Garage Services (Stockport) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
BWP Inspire Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06956583
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 2,061 2,061
Tangible Assets 4 142,861 94,545
144,922 96,606
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 88,149 45,753
Cash at bank and in hand 369,206 304,960
467,355 360,713
Creditors: Amounts Falling Due Within One Year 7 (190,087 ) (157,405 )
NET CURRENT ASSETS (LIABILITIES) 277,268 203,308
TOTAL ASSETS LESS CURRENT LIABILITIES 422,190 299,914
Creditors: Amounts Falling Due After More Than One Year 8 (996 ) (10,996 )
NET ASSETS 421,194 288,918
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 421,094 288,818
SHAREHOLDERS' FUNDS 421,194 288,918
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Thomas
Director
04/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are private registration. There is no amortisation on it. 
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line method
Motor Vehicles 20% straight line method
Fixtures & Fittings 20% straight line method
Computer Equipment 33% straight line method
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 10 (2024: 9)
10 9
3. Intangible Assets
Other
£
Cost
As at 1 April 2024 2,061
As at 31 March 2025 2,061
Net Book Value
As at 31 March 2025 2,061
As at 1 April 2024 2,061
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 115,895 40,093 53,490 7,555 217,033
Additions 40,557 - 37,895 1,944 80,396
As at 31 March 2025 156,452 40,093 91,385 9,499 297,429
Depreciation
As at 1 April 2024 80,922 20,990 15,808 4,768 122,488
Provided during the period 12,958 6,090 11,684 1,348 32,080
As at 31 March 2025 93,880 27,080 27,492 6,116 154,568
Net Book Value
As at 31 March 2025 62,572 13,013 63,893 3,383 142,861
As at 1 April 2024 34,973 19,103 37,682 2,787 94,545
5. Stocks
2025 2024
£ £
Stock 10,000 10,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 47,494 34,379
Prepayments and accrued income 16,413 11,374
Director's loan account 24,242 -
88,149 45,753
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 76,484 79,883
Bank loans and overdrafts 10,000 10,000
Corporation tax 50,804 26,694
Other taxes and social security 6,716 9,420
VAT 21,043 2,139
Other creditors 24,943 13,706
Accruals and deferred income 97 172
Director's loan account - 15,391
190,087 157,405
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 996 10,996
996 10,996
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Robert Thomas - 24,242 - - 24,242
The above loan is unsecured, interest free and repayable on demand. The loan was fully repaid on 30 Aoril 2025.
11. General Information
Premier Garage Services (Stockport) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06956583 . The registered office is Unit 8 National Trading Estate, Bramhall Moor Lane Hazel Grove, Stockport, Cheshire, SK7 5AA.
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