REGISTERED NUMBER: 08103069 (England and Wales)

TOWN GARAGE (BRACKLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D S Mann

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

08103069 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Intangible assets

4

2,701

5,944

Tangible assets

5

31,036

33,255

33,737

39,199

CURRENT ASSETS

Stocks

5,500

4,500

Debtors

6

62,740

73,261

Cash at bank

16,942

15,647

85,182

93,408

CREDITORS

Amounts falling due within one year

7

77,780

85,515

NET CURRENT ASSETS

7,402

7,893

TOTAL ASSETS LESS CURRENT LIABILITIES

41,139

47,092

CREDITORS

Amounts falling due after more than one year

8

(23,533

)

(40,262

)

PROVISIONS FOR LIABILITIES

(4,156

)

-

NET ASSETS

13,450

6,830

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

2,701

5,402

Retained earnings

10,649

1,328

SHAREHOLDERS' FUNDS

13,450

6,830

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 31 October 2025 and were signed by:

Mr D S Mann - Director

1.	STATUTORY INFORMATION

Town Garage (Brackley) 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 is rounded to the nearest 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 represents net invoiced sales of services, MOT and parts, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty 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.

Improvements to property

-

not provided

Plant and machinery

-

between 15% and 25% reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 taxation

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

45,947

AMORTISATION

At 1 April 2024

40,003

Charge for year

3,243

At 31 March 2025

43,246

NET BOOK VALUE

At 31 March 2025

2,701

At 31 March 2024

5,944

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2024

2,857

18,422

20,907

Additions

-

-

212

At 31 March 2025

2,857

18,422

21,119

DEPRECIATION

At 1 April 2024

2,857

-

13,594

Charge for year

-

-

743

At 31 March 2025

2,857

-

14,337

NET BOOK VALUE

At 31 March 2025

-

18,422

6,782

At 31 March 2024

-

18,422

7,313

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

516

24,772

3,029

70,503

Additions

-

-

333

545

At 31 March 2025

516

24,772

3,362

71,048

DEPRECIATION

At 1 April 2024

261

18,690

1,846

37,248

Charge for year

51

1,217

753

2,764

At 31 March 2025

312

19,907

2,599

40,012

NET BOOK VALUE

At 31 March 2025

204

4,865

763

31,036

At 31 March 2024

255

6,082

1,183

33,255

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,530

6,520

Other debtors

49,011

48,577

Directors' current accounts

9,199

18,164

62,740

73,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,767

10,524

Trade creditors

37,875

49,485

Tax

9,849

10,337

Social security and other taxes

4,131

3,221

VAT

7,637

8,255

Other creditors

2,437

1,580

Accrued expenses

2,084

2,113

77,780

85,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loans - 2-5 years

23,533

40,262

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

5,402

Amortisation

(2,701

)

At 31 March 2025

2,701

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025 the directors loan was overdrawn by £9,199 (2024 £18,164). Interest was charged on the loan at 2.25% where applicable.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D S Mann.