Central Garage Edwinstowe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09772888

Central Garage Edwinstowe Limited

Filleted Unaudited Abridged Financial Statements

31 May 2025

Central Garage Edwinstowe Limited

Abridged Financial Statements

Year Ended 31 May 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Central Garage Edwinstowe Limited

Abridged Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed Assets

Intangible assets	5	2,000	4,000
Tangible assets	6	11,596	13,818
		--------	--------
		13,596	17,818

Current Assets

Stocks	1,977	2,498
Debtors	–	347
Cash at bank and in hand	31,043	39,781
	--------	--------
	33,020	42,626

Creditors: amounts falling due within one year	43,219		37,568
	--------		--------
Net Current (Liabilities)/Assets		( 10,199)	5,058
		--------	--------
Total Assets Less Current Liabilities		3,397	22,876

Provisions	1,160	2,215
	-------	--------
Net Assets	2,237	20,661
	-------	--------

Capital and Reserves

Called up share capital	7	50	100
Other reserves		50	–
Profit and loss account		2,137	20,561
		-------	--------
Shareholders Funds		2,237	20,661
		-------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Central Garage Edwinstowe Limited

Abridged Statement of Financial Position (continued)

31 May 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr K Topliss	Mrs S Topliss
Director	Director

Company registration number: 09772888

Central Garage Edwinstowe Limited

Notes to the Abridged Financial Statements

Year Ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is High Street, Edwinstowe, Mansfield, NG21 9QR.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	10% straight line
Plant and machinery	-	10% straight line
Motor vehicles	-	20% reducing balance
Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Intangible assets

	£
Cost
At 1 June 2024 and 31 May 2025	20,000
	--------
Amortisation
At 1 June 2024	16,000
Charge for the year	2,000
	--------
At 31 May 2025	18,000
	--------
Carrying amount
At 31 May 2025	2,000
	--------
At 31 May 2024	4,000
	--------

6. Tangible assets

	£
Cost
At 1 June 2024	54,981
Additions	4,050
	--------
At 31 May 2025	59,031
	--------
Depreciation
At 1 June 2024	41,163
Charge for the year	6,272
	--------
At 31 May 2025	47,435
	--------
Carrying amount
At 31 May 2025	11,596
	--------
At 31 May 2024	13,818
	--------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	50	50	50	50
	----	----	----	----

On 25 October 2024, the company purchased and cancelled 50 of its own ordinary shares for a total consideration of £20,000. The purchase was funded from the company's distributable reserves. In accordance with Section 733 of the Companies Act 2006, an amount equal to the nominal value of the shares cancelled, being £50, has been transferred from the profit and loss account to a non-distributable capital redemption reserve. The premium paid on the shares, being £20,000, has been charged against the profit and loss account. The company's issued share capital was reduced from £100 to £50 as a result of this transaction.

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	29,903	29,903
Later than 1 year and not later than 5 years	7,613	37,516
	--------	--------
	37,516	67,419
	--------	--------

9. Directors' advances, credits and guarantees

During the year, the overdrawn balances of £346.59 that were outstanding as at 31 May 2024 were repaid.