Lodge Motor Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04610387

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		302,433		301,524
Investment Properties	5		1,536,250		1,536,250
Investments	6		244,497		133,846

			2,083,180		1,971,620
CURRENT ASSETS
Stocks	7	1,493,831		1,127,571
Debtors	8	876,633		795,793
Cash at bank and in hand		586,858		742,012

		2,957,322		2,665,376
Creditors: Amounts Falling Due Within One Year	9	(1,241,218 )		(877,889 )

NET CURRENT ASSETS (LIABILITIES)			1,716,104		1,787,487

TOTAL ASSETS LESS CURRENT LIABILITIES			3,799,284		3,759,107

Creditors: Amounts Falling Due After More Than One Year	10		(47,927 )		(177,536 )

NET ASSETS			3,751,357		3,581,571

CAPITAL AND RESERVES
Called up share capital	12		1		1
Revaluation reserve	14		85,000		-
Profit and Loss Account			3,666,356		3,581,570

SHAREHOLDERS' FUNDS			3,751,357		3,581,571

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Lodge Motor Company Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kevin Woolhouse

Director

28/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Lodge Motor Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04610387 . The registered office is 1 & 2 Studley Court Mews, Studley Court Guildford Road, Chobham, Woking, Surrey, GU24 8EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No provided
Plant & Machinery	33% SL
Motor Vehicles	25% SL
Fixtures & Fittings	33% SL

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7.

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Lodge Motor Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	210,609	78,651	125,210	59,111	473,581
Additions	-	1,950	49,700	2,080	53,730

As at 31 December 2024	210,609	80,601	174,910	61,191	527,311

Depreciation
As at 1 January 2024	-	75,370	44,821	51,866	172,057
Provided during the period	-	2,704	43,728	6,389	52,821

As at 31 December 2024	-	78,074	88,549	58,255	224,878

Net Book Value
As at 31 December 2024	210,609	2,527	86,361	2,936	302,433

As at 1 January 2024	210,609	3,281	80,389	7,245	301,524

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	1,536,250

6. Investments

	Listed	Unlisted	Total
	£	£	£
Cost
As at 1 January 2024	63,845	70,001	133,846
Additions	-	20,000	20,000
Revaluations	5,651	85,000	90,651

As at 31 December 2024	69,496	175,001	244,497

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	69,496	175,001	244,497

As at 1 January 2024	63,845	70,001	133,846

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Lodge Motor Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Stocks

	2024	2023
	£	£
Finished goods	1,493,831	1,127,571

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	209,799	143,243
Other debtors	666,834	652,550

	876,633	795,793

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	23,586	-
Trade creditors	154,545	329,564
Other creditors	948,418	456,493
Taxation and social security	114,669	91,832

	1,241,218	877,889

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	47,927	177,536

11. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,586	-

12. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

13. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	14,500	14,500

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Lodge Motor Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Reserves

	Revaluation Reserve
	£
Surplus on revaluation	85,000

As at 31 December 2024	85,000

15. Related Party Transactions

At the end of the year the company owed an amount of £775,007 (2023 :£332,780) to it's director.

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