GWALIA GARAGE CAERNARFON LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M E Evans

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Wirral

CH41 5LH

REGISTERED NUMBER:

08465110 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Intangible assets

4

160,000

180,000

Tangible assets

5

333,458

261,631

493,458

441,631

CURRENT ASSETS

Stocks

177,369

166,067

Debtors

6

508,066

437,766

Cash at bank and in hand

302,560

295,980

987,995

899,813

CREDITORS

Amounts falling due within one year

7

472,144

466,339

NET CURRENT ASSETS

515,851

433,474

TOTAL ASSETS LESS CURRENT LIABILITIES

1,009,309

875,105

CREDITORS

Amounts falling due after more than one year

8

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES

9

(83,365

)

(65,689

)

NET ASSETS

912,611

786,083

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

912,609

786,081

SHAREHOLDERS' FUNDS

912,611

786,083

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

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

The director acknowledges her 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 director and authorised for issue on 17th December 2025 and were signed by:

Mrs M E Evans - Director

1.	STATUTORY INFORMATION

Gwalia Garage Caernarfon 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.

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 2013, 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.

Plant and machinery

-

10% on reducing balance

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.

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.

Debtors

Short term debtors are measured at transaction price, less impairment.Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to / from related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

400,000

AMORTISATION

At 1st April 2024

220,000

Charge for year

20,000

At 31st March 2025

240,000

NET BOOK VALUE

At 31st March 2025

160,000

At 31st March 2024

180,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st April 2024

363,705

-

363,705

Additions

6,590

109,894

116,484

At 31st March 2025

370,295

109,894

480,189

DEPRECIATION

At 1st April 2024

102,074

-

102,074

Charge for year

28,173

16,484

44,657

At 31st March 2025

130,247

16,484

146,731

NET BOOK VALUE

At 31st March 2025

240,048

93,410

333,458

At 31st March 2024

261,631

-

261,631

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,619

78,678

Other debtors

426,447

359,088

508,066

437,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

184,850

216,059

Taxation and social security

65,243

98,220

Other creditors

222,051

152,060

472,144

466,339

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,333

23,333

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

83,365

65,689

Deferred

tax

£

Balance at 1st April 2024

65,689

Provided during year

17,676

Balance at 31st March 2025

83,365

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mrs M E Evans

Balance outstanding at start of year

65,589

82,040

Amounts advanced

143,941

65,589

Amounts repaid

(65,589

)

(82,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,941

65,589

11.	RELATED PARTY DISCLOSURES

Included in other debtors is the sum of £274,415 (2024 - £293,052) due from Gwalia Recovery Limited. Mrs M E Evans own 100% of the issued share capital of Gwalia Recovery Limited.

Included in other creditors is the sum of £208,051 (2024 £138,510) due to Natural Too Limited. Mrs M E Evans own 100% of the issued share capital of Natural Too Limited.