REGISTERED NUMBER: 04258741 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PICCADILLY GARAGE LTD

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr J E Greenan

Mrs G Greenan

SECRETARY:

Mrs G Greenan

REGISTERED OFFICE:

95 King Street

Lancaster

Lancashire

LA1 1RH

REGISTERED NUMBER:

04258741 (England and Wales)

ACCOUNTANTS:

Taylor, Robertson & Willett Ltd

95 King Street

Lancaster

Lancashire

LA1 1RH

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 will be £ 6,000 .

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 September 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 August 2025 in the shares of the company, according to the register of directors' interests, were as follows:

31.8.25

1.9.24

Ordinary shares of £1 each

Mr J E Greenan

50

50

Mrs G Greenan

50

50

These directors did not hold any non-beneficial interests in the shares of the company.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

Mrs G Greenan - Secretary

15 December 2025

TURNOVER

118,213

128,868

Cost of sales

33,105

30,168

GROSS PROFIT

85,108

98,700

Administrative expenses

48,197

64,079

36,911

34,621

Other operating income

10,000

10,000

OPERATING PROFIT

4

46,911

44,621

Interest receivable and similar income

644

250

PROFIT BEFORE TAXATION

47,555

44,871

Tax on profit

9,214

8,763

PROFIT FOR THE FINANCIAL YEAR

38,341

36,108

Retained earnings at beginning of year

437,545

413,437

Dividends

(6,000

)

(12,000

)

RETAINED EARNINGS AT END OF YEAR

469,886

437,545

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

417,766

417,401

Investments

7

1

1

417,767

417,402

CURRENT ASSETS

Stocks

924

900

Debtors

8

471

3,764

Cash at bank and in hand

67,013

33,897

68,408

38,561

CREDITORS

Amounts falling due within one year

9

16,189

18,318

NET CURRENT ASSETS

52,219

20,243

TOTAL ASSETS LESS CURRENT LIABILITIES

469,986

437,645

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

469,886

437,545

SHAREHOLDERS' FUNDS

469,986

437,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr J E Greenan - Director

1.	STATUTORY INFORMATION

Piccadilly Garage Ltd 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.

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 has been fully amortised.

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.

Freehold property

-

not provided

Plant and machinery

-

at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

1,230

1,328

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

12,500

AMORTISATION

At 1 September 2024

and 31 August 2025

12,500

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

411,236

43,891

300

455,427

Additions

-

1,595

-

1,595

At 31 August 2025

411,236

45,486

300

457,022

DEPRECIATION

At 1 September 2024

-

37,884

142

38,026

Charge for year

-

1,190

40

1,230

At 31 August 2025

-

39,074

182

39,256

NET BOOK VALUE

At 31 August 2025

411,236

6,412

118

417,766

At 31 August 2024

411,236

6,007

158

417,401

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

1

NET BOOK VALUE

At 31 August 2025

1

At 31 August 2024

1

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

462

1,979

Other debtors

9

1,785

471

3,764

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,414

4,611

Taxation and social security

10,454

8,801

Other creditors

2,321

4,906

16,189

18,318