REGISTERED NUMBER: 00794983 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BRAMSHAW GARAGE (HAMPSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Wiggins

B R Wiggins

SECRETARY:

Mrs L C Wiggins

REGISTERED OFFICE:

Glebe Farm

Rockbourne

Fordingbridge

Hampshire

SP6 3NT

REGISTERED NUMBER:

00794983 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

51,450

57,425

Investments

5

27,755

27,755

Investment property

6

551,117

551,117

630,322

636,297

CURRENT ASSETS

Stocks

491,946

430,997

Debtors

7

423,615

745,866

Cash at bank and in hand

93,626

315,493

1,009,187

1,492,356

CREDITORS

Amounts falling due within one year

8

935,521

1,363,173

NET CURRENT ASSETS

73,666

129,183

TOTAL ASSETS LESS CURRENT LIABILITIES

703,988

765,480

CREDITORS

Amounts falling due after more than one year

9

(245,284

)

(294,680

)

PROVISIONS FOR LIABILITIES

12

(68,425

)

(91,526

)

NET ASSETS

390,279

379,274

CAPITAL AND RESERVES

Called up share capital

13

500

500

Capital redemption reserve

14

667

667

Fair value reserve

14

231,510

231,510

Retained earnings

14

157,602

146,597

SHAREHOLDERS' FUNDS

390,279

379,274

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.

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

B R Wiggins - Director

1.	STATUTORY INFORMATION

Bramshaw Garage (Hampshire) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Bramshaw Garage (Hampshire) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

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

-

15% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Rental income from the operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

245,110

Additions

3,104

At 31 March 2025

248,214

DEPRECIATION

At 1 April 2024

187,685

Charge for year

9,079

At 31 March 2025

196,764

NET BOOK VALUE

At 31 March 2025

51,450

At 31 March 2024

57,425

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

27,755

NET BOOK VALUE

At 31 March 2025

27,755

At 31 March 2024

27,755

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

551,117

NET BOOK VALUE

At 31 March 2025

551,117

At 31 March 2024

551,117

The fair value (open market basis) of investment property was assessed by the directors as at 31 March 2025.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

551,117

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

246,039

632,186

Other debtors

177,576

113,680

423,615

745,866

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

415,969

560,056

Hire purchase contracts (see note 10)

11,280

11,280

Trade creditors

304,457

547,615

Amounts owed to group undertakings

27,702

27,702

Taxation and social security

6,954

35,880

Other creditors

169,159

180,640

935,521

1,363,173

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

239,935

276,190

Hire purchase contracts (see note 10)

5,349

18,490

245,284

294,680

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

11,280

11,280

Between one and five years

5,349

18,490

16,629

29,770

Non-cancellable

operating leases

2025

2024

£

£

Within one year

-

10,417

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

655,904

836,246

Hire purchase contracts

16,629

29,770

672,533

866,016

National Westminster Bank Plc hold a first legal mortgage over the properties of the company.

The bank also hold a mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

Hire purchase liabilities are secured on the assets to which they relate.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

68,425

91,526

Deferred

tax

£

Balance at 1 April 2024

91,526

Provided during year

(23,101

)

Balance at 31 March 2025

68,425

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

188

A Ordinary

£1

188

188

187

B Ordinary

£1

187

187

125

C Ordinary

£1

125

125

500

500

14.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2024

146,597

667

231,510

378,774

Profit for the year

41,005

-

-

41,005

Dividends

(30,000

)

-

-

(30,000

)

At 31 March 2025

157,602

667

231,510

389,779

Fair value reserve: Investment property

This reserve is used to record gains in the fair value of investment properties and losses to the extent that such a loss relates to a previous gain on the same asset. It is also used to record the corresponding deferred tax (charge)/credit on fair value changes in investment property.

15.	RELATED PARTY DISCLOSURES

Creditors due within one year include £124,204 (2024 - £143,464) which is owed to the directors of the company.