Sun Lane Garage (Wakefield) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09265694

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		227,020		225,311

			227,020		225,311
CURRENT ASSETS
Stocks	6	74,339		91,088
Debtors	7	3,261		2,963
Cash at bank and in hand		39,028		31,005

		116,628		125,056
Creditors: Amounts Falling Due Within One Year	8	(195,254 )		(212,972 )

NET CURRENT ASSETS (LIABILITIES)			(78,626 )		(87,916 )

TOTAL ASSETS LESS CURRENT LIABILITIES			148,394		137,395

Creditors: Amounts Falling Due After More Than One Year	9		(10,000 )		(12,500 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(754 )		(379 )

NET ASSETS			137,640		124,516

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			137,639		124,515

SHAREHOLDERS' FUNDS			137,640		124,516

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Sun Lane Garage (Wakefield) Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Goodall

Director

01/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sun Lane Garage (Wakefield) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09265694 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of four years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold Property	- not depreciated
Motor Vehicles	25% reducing balance
Equipment, fixtures and fittings	25% reducing balance
Office Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

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Sun Lane Garage (Wakefield) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	24,000

As at 31 December 2025	24,000

Amortisation
As at 1 January 2025	24,000

As at 31 December 2025	24,000

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Land & Property
	Freehold Property	Motor Vehicles	Equipment, fixtures and fittings	Office Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	223,050	2,400	12,985	1,066	239,501
Additions	-	-	3,031	-	3,031

As at 31 December 2025	223,050	2,400	16,016	1,066	242,532

Depreciation
As at 1 January 2025	-	2,080	11,463	647	14,190
Provided during the period	-	80	1,138	104	1,322

As at 31 December 2025	-	2,160	12,601	751	15,512

Net Book Value
As at 31 December 2025	223,050	240	3,415	315	227,020

As at 1 January 2025	223,050	320	1,522	419	225,311

6. Stocks

	2025	2024
	£	£
Stock	74,339	91,088

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Sun Lane Garage (Wakefield) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	417	-
Prepayments and accrued income	2,844	2,950
PAYE Control	-	13

	3,261	2,963

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,572	3,416
Bank loans and overdrafts	2,500	10,000
Corporation tax	2,766	5,436
PAYE Control	782	-
VAT	3,720	2,282
Accruals and deferred income	2,744	4,668
Directors' loan accounts	177,170	187,170

	195,254	212,972

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bounce Back Loan	10,000	12,500

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Other Commitments

At the end of the period the company had annual commitments under non-cancellable leases as follows:

	2025	2024
	£	£
Later than five years	30,000	36,000

	30,000	36,000

12. Related Party Transactions

The company is controlled by Mr I Goodall, who is both a director and a shareholder and Mrs T Goodall, who serves as a director.

The balance on the directors' loan accounts of Mr I Goodall & Mrs T Goodall at 31st December 2025 were £125,170 & £52,000 (2024 - £130,170 & £57,000) due from the company respectively.

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Sun Lane Garage (Wakefield) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Controlling Party

The company's ultimate controlling party is Mr I Goodall by virtue of his ownership of 100% of the issued share capital in the company.

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