IRIS Accounts Production v25.4.0.155 00843552 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00843552 2024-03-31 00843552 2025-03-31 00843552 2024-04-01 2025-03-31 00843552 2023-03-31 00843552 2023-04-01 2024-03-31 00843552 2024-03-31 00843552 ns15:EnglandWales 2024-04-01 2025-03-31 00843552 ns14:PoundSterling 2024-04-01 2025-03-31 00843552 ns10:Director1 2024-04-01 2025-03-31 00843552 ns10:Director2 2024-04-01 2025-03-31 00843552 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00843552 ns10:SmallEntities 2024-04-01 2025-03-31 00843552 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00843552 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 00843552 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00843552 ns10:FullAccounts 2024-04-01 2025-03-31 00843552 ns10:CompanySecretary1 2024-04-01 2025-03-31 00843552 ns10:RegisteredOffice 2024-04-01 2025-03-31 00843552 ns5:CurrentFinancialInstruments 2025-03-31 00843552 ns5:CurrentFinancialInstruments 2024-03-31 00843552 ns5:Non-currentFinancialInstruments 2025-03-31 00843552 ns5:Non-currentFinancialInstruments 2024-03-31 00843552 ns5:ShareCapital 2025-03-31 00843552 ns5:ShareCapital 2024-03-31 00843552 ns5:CapitalRedemptionReserve 2025-03-31 00843552 ns5:CapitalRedemptionReserve 2024-03-31 00843552 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00843552 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 00843552 ns5:PlantMachinery 2024-04-01 2025-03-31 00843552 ns5:MotorVehicles 2024-04-01 2025-03-31 00843552 ns5:ComputerEquipment 2024-04-01 2025-03-31 00843552 ns5:PlantMachinery 2024-03-31 00843552 ns5:MotorVehicles 2024-03-31 00843552 ns5:ComputerEquipment 2024-03-31 00843552 ns5:PlantMachinery 2025-03-31 00843552 ns5:MotorVehicles 2025-03-31 00843552 ns5:ComputerEquipment 2025-03-31 00843552 ns5:PlantMachinery 2024-03-31 00843552 ns5:MotorVehicles 2024-03-31 00843552 ns5:ComputerEquipment 2024-03-31 00843552 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 00843552 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 00843552 ns10:Director1 1 2024-03-31 00843552 ns10:Director1 1 2023-03-31 00843552 ns10:Director1 1 2024-04-01 2025-03-31 00843552 ns10:Director1 1 2023-04-01 2024-03-31 00843552 ns10:Director1 1 2025-03-31 00843552 ns10:Director1 1 2024-03-31

REGISTERED NUMBER: 00843552 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| S R Gough Garages Limited |

| T/A |

| Warfield Garage |

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| S R Gough Garages Limited |

| T/A Warfield Garage |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | R B Gough

| R L Chitty

| SECRETARY: |

| REGISTERED OFFICE: | Rose Cottage

| Carters Hill

| Billingbear

| Wokingham

| Berkshire

| RG40 5RT

| REGISTERED NUMBER: | 00843552 (England and Wales)

| ACCOUNTANTS: | PPK Accountants Limited

| Chartered Certified Accountants

| Sandhurst House

| 297 Yorktown Road

| Sandhurst

| Berkshire

| GU47 0QA

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 76,341 |  | 29,584 |  |

CURRENT ASSETS

Debtors | 5 | 31,836 |  | 26,676 |  |

Cash at bank | 22,718 |  | 24,873 |  |

54,554 |  | 51,549 |  |

CREDITORS

Amounts falling due within one year | 6 | 40,427 |  | 32,141 |  |

NET CURRENT ASSETS | 14,127 |  | 19,408 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 90,468 |  | 48,992 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 725,461 |  | 634,511 |  |

NET LIABILITIES | (634,993 | ) | (585,519 | ) |

CAPITAL AND RESERVES

Called up share capital | 63 |  | 63 |  |

Capital redemption reserve | 37 |  | 37 |  |

Retained earnings | (635,093 | ) | (585,619 | ) |

SHAREHOLDERS' FUNDS | (634,993 | ) | (585,519 | ) |

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 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.

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Balance Sheet - continued

31 March 2025

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 28 November 2025 and were signed on its behalf by:

R B Gough - Director

R L Chitty - Director

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| S R Gough Garages 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.

| 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.

| The company is financially supported by the director, Mr R B Gough, who is also the majority shareholder. Due to the excess of total liabilities over total assets on the balance sheet in the current and prior year, a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Details of the directors' advances and credits that subsisted during the current and prior year are included in note 9 of the financial statements. Without the continued financial support of this director, the company is not considered a going concern.

| Turnover

| Revenue, described as turnover, represents the value of work performed (net of VAT) during the year with respect to the sales of goods and services.

| 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 | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| No depreciation is provided on freehold buildings as it is the company's policy to maintain these so as to extend their useful lives, and in the opinion of the directors, the value of the company's freehold buildings is in excess of cost.

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group undertakings and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| 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.

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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 6 (2024 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 53,685 |  | 371,094 |  | 1,326 |  | 426,105 |  |

| Additions | - |  | 72,165 |  | - |  | 72,165 |  |

| At 31 March 2025 | 53,685 |  | 443,259 |  | 1,326 |  | 498,270 |  |

| DEPRECIATION

| At 1 April 2024 | 53,540 |  | 341,945 |  | 1,036 |  | 396,521 |  |

| Charge for year | 36 |  | 25,329 |  | 43 |  | 25,408 |  |

| At 31 March 2025 | 53,576 |  | 367,274 |  | 1,079 |  | 421,929 |  |

| NET BOOK VALUE

| At 31 March 2025 | 109 |  | 75,985 |  | 247 |  | 76,341 |  |

| At 31 March 2024 | 145 |  | 29,149 |  | 290 |  | 29,584 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 31,836 |  | 26,676 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 15,250 |  | 12,422 |  |

| Taxation and social security | 21,229 |  | 15,660 |  |

| Other creditors | 3,948 |  | 4,059 |  |

40,427 |  | 32,141 |  |

| S R Gough Garages Limited (Registered number: 00843552) |

| T/A Warfield Garage |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 725,461 |  | 634,511 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| R B Gough

| Balance outstanding at start of year | (634,511 | ) | (595,277 | ) |

| Amounts advanced | 30,450 |  | 15,766 |  |

| Amounts repaid | (121,400 | ) | (55,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (725,461 | ) | (634,511 | ) |

| Included in other creditors is an amount payable to the director, Mr R B Gough, of £730,961 (2024: £634,511) in respect of monies loaned to the company.

| This is represented by an opening loan balance of £634,511 (2024: £595,277), amounts advanced to the director in respect of drawings of £30,450 (2024: £15,766) during the year and capital introduced from the director to the company of £121,400 (2024: £55,000) during the year.

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is R B Gough.