Company registration number 15903425 (England and Wales)
TYNANT GARAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
TYNANT GARAGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TYNANT GARAGE LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
Notes
£
£
Fixed assets
Tangible assets
4
593
Current assets
Debtors
5
2,394
Cash at bank and in hand
76,075
78,469
Creditors: amounts falling due within one year
6
(40,587)
Net current assets
37,882
Net assets
38,475
Capital and reserves
Called up share capital
1
Profit and loss reserves
38,474
Total equity
38,475

For the financial period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 December 2025
Mr N P Porter
Director
Company registration number 15903425 (England and Wales)
TYNANT GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Tynant Garage Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tynant Garage The Woodlands, Llantwit Fardre, Pontypridd, Rhondda Cynon Taf, Wales, CF38 2DU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Computers
33% Straight line
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

TYNANT GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

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 lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

Number
Total
8
3
Taxation
£
Current tax
UK corporation tax on profits for the current period
18,908
TYNANT GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
3
Taxation
(Continued)
- 4 -

The actual charge for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:

£
Profit before taxation
84,382
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00%
21,096
Tax effect of expenses that are not deductible in determining taxable profit
591
Tax at marginal rate
(2,594)
Capital allowance
(185)
Taxation charge for the period
18,908
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 19 August 2024
-
0
-
0
-
0
Additions
701
39
740
At 31 August 2025
701
39
740
Depreciation and impairment
At 19 August 2024
-
0
-
0
-
0
Depreciation charged in the period
143
4
147
At 31 August 2025
143
4
147
Carrying amount
At 31 August 2025
558
35
593
5
Debtors
Amounts falling due within one year:
£
Trade debtors
2,394
TYNANT GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
- 5 -
6
Creditors: amounts falling due within one year
£
Trade creditors
26,778
Corporation tax
18,908
Other taxation and social security
16,720
Other creditors
(23,842)
Accruals and deferred income
2,023
40,587
7
Related party transactions

As at balance sheet date, the Director owes the company £23,842.

This was repaid within 9 months and 1 day of the year end.

8
Ultimate Controlling Party

The company's ultimate controlling party is Nicholas Porter by virtue of his 100% ownership of the issued share capital of the company.

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