REGISTERED NUMBER: 13646098 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Woodbridge Garage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Pryce

REGISTERED OFFICE:

7 Woodbridge Road

Birmingham

West Midlands

B13 8EH

REGISTERED NUMBER:

13646098 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

9,840

8,249

CURRENT ASSETS

Inventories

6

1,208

1,015

Debtors

7

171,879

159,103

Cash at bank and in hand

2,669

8,202

175,756

168,320

CREDITORS

Amounts falling due within one year

8

219,878

192,710

NET CURRENT LIABILITIES

(44,122

)

(24,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,282

)

(16,141

)

PROVISIONS FOR LIABILITIES

1,843

1,611

NET LIABILITIES

(36,125

)

(17,752

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(36,225

)

(17,852

)

SHAREHOLDERS' FUNDS

(36,125

)

(17,752

)

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 23 December 2025 and were signed by:

P J Pryce - Director

1.	STATUTORY INFORMATION

Woodbridge Garage 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.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net current liabilities of £44,122, however,the director believes that the company will be able to meet its liabilities as they fall due and therefore feels it is appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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

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.

Accounting period

The prior accounting period was of 548 days duration. As a result, the results of this year are not directly comparable with those of the previous financial period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

11,415

-

-

2,129

13,544

Additions

2,585

527

1,150

1,027

5,289

At 31 March 2025

14,000

527

1,150

3,156

18,833

DEPRECIATION

At 1 April 2024

3,904

-

-

1,391

5,295

Charge for year

2,799

53

170

676

3,698

At 31 March 2025

6,703

53

170

2,067

8,993

NET BOOK VALUE

At 31 March 2025

7,297

474

980

1,089

9,840

At 31 March 2024

7,511

-

-

738

8,249

6.	INVENTORIES

31.3.25

31.3.24

£

£

Stocks

1,208

1,015

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,326

14,442

Other debtors

152,553

144,534

Prepayments and accrued income

-

127

171,879

159,103

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

62,309

51,448

Tax

8,775

35,796

Social security and other taxes

145,507

104,366

Other creditors

807

1,100

Accruals and deferred income

2,480

-

219,878

192,710

9.	LEASING AGREEMENTS

Total future minimum lease payments due under operating lease is £1,782.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

P J Pryce

Balance outstanding at start of year

100,350

62,695

Amounts advanced

-

37,655

Amounts repaid

(8,021

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

92,329

100,350

The director's current account is unsecured and interest free with no specific repayment terms.