Company Registration No. 14547652 (England and Wales)
GREY GABLES GARAGE SERVICES LTD
Unaudited accounts
for the year ended 30 April 2025
GREY GABLES GARAGE SERVICES LTD
Unaudited accounts
Contents
GREY GABLES GARAGE SERVICES LTD
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
331,106
279,998
Creditors: amounts falling due within one year
(114,230)
(150,037)
Net current assets
226,776
139,861
Total assets less current liabilities
237,150
139,861
Provisions for liabilities
Net assets
234,639
139,861
Called up share capital
2
2
Profit and loss account
234,637
139,859
Shareholders' funds
234,639
139,861
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
MARK GARDNER
Director
Company Registration No. 14547652
GREY GABLES GARAGE SERVICES LTD
Notes to the Accounts
for the year ended 30 April 2025
GREY GABLES GARAGE SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 14547652. The registered office is 2 Chapel Close, Leafield, Witney, Oxfordshire, OX29 9NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution pension scheme in compliance with the auto-enrolment obligations under the Pensions Act 2008. Contributions payable to the scheme are recognised in the profit and loss account when due. The company has no further obligations once the contributions have been paid.
Deferred taxation is provided on the liability method to take account of timing difference between the treatment of certain items for accounts purposes and their treatment for tax purpose.
Tax deferred or accelerated is accounted for in respect of all material timing differences.
GREY GABLES GARAGE SERVICES LTD
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
4,100
4,050
Taxes and social security
47,884
61,898
Loans from directors
62,652
65,309
7
Deferred taxation
2025
2024
Accelerated capital allowances
2,511
-
Charged to the profit and loss account
2,511
-
Provision at end of year
2,511
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 5 (2024: 4).