REGISTERED NUMBER: 06149101

Unaudited Financial Statements For The Year Ended 31 March 2025

for

G & W Auto Recovery Service Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Parr

SECRETARY:

Mrs N J Parr

REGISTERED OFFICE:

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

06149101

ACCOUNTANTS:

Hunt Ford & Co

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

327,984

310,432

327,984

310,432

CURRENT ASSETS

Debtors

6

10,507

6,642

Cash at bank and in hand

62,471

59,344

72,978

65,986

CREDITORS

Amounts falling due within one year

7

382,163

463,950

NET CURRENT LIABILITIES

(309,185

)

(397,964

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,799

(87,532

)

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

8

18,697

(87,634

)

SHAREHOLDERS' FUNDS

18,799

(87,532

)

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 24 December 2025 and were signed on its behalf by:

Mrs M E Parr - Director

1.	STATUTORY INFORMATION

G & W Auto Recovery Service Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 2007, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500,000

AMORTISATION

At 1 April 2024

and 31 March 2025

500,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

301,324

75,304

291

Additions

-

6,567

-

At 31 March 2025

301,324

81,871

291

DEPRECIATION

At 1 April 2024

2,699

71,388

199

Charge for year

-

2,620

23

At 31 March 2025

2,699

74,008

222

NET BOOK VALUE

At 31 March 2025

298,625

7,863

69

At 31 March 2024

298,625

3,916

92

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

27,032

4,071

408,022

Additions

20,769

-

27,336

At 31 March 2025

47,801

4,071

435,358

DEPRECIATION

At 1 April 2024

19,460

3,844

97,590

Charge for year

7,085

56

9,784

At 31 March 2025

26,545

3,900

107,374

NET BOOK VALUE

At 31 March 2025

21,256

171

327,984

At 31 March 2024

7,572

227

310,432

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

9,487

6,642

Other debtors

1,020

-

10,507

6,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

233

13,387

Trade creditors

24,393

22,329

Taxation and social security

33,319

21,664

Other creditors

324,218

406,570

382,163

463,950

8.

RESERVES

Retained

earnings

£

At 1 April 2024

(87,634

)

Profit for the year

106,331

At 31 March 2025

18,697

9.	RELATED PARTY DISCLOSURES

At the balance sheet date there was an outstanding loan balance of £160,318 due to PR Parr and £160308 due to Mrs ME Parr. These loans amounting £320,606 are shown as other creditors in note 8. ( 2024 £403,646 )