Vale Garage Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04961876

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		9,419		10,330

			9,419		10,330
CURRENT ASSETS
Stocks	6	9,668		17,192
Debtors		19,754		13,710
Cash at bank and in hand		38,807		40,129

		68,229		71,031
Creditors: Amounts Falling Due Within One Year		(43,401 )		(44,214 )

NET CURRENT ASSETS (LIABILITIES)			24,828		26,817

TOTAL ASSETS LESS CURRENT LIABILITIES			34,247		37,147

Creditors: Amounts Falling Due After More Than One Year			(2,000 )		(5,000 )

NET ASSETS			32,247		32,147

CAPITAL AND RESERVES
Called up share capital	7		101		101
Profit and Loss Account			32,146		32,046

SHAREHOLDERS' FUNDS			32,247		32,147

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Vale Garage Services Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Jason Jenkins

Director

30/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vale Garage Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04961876 . The registered office is 87 Fontygary Road, Rhoose, Vale of Glamorgan, CF62 3DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	15% on reducing balance
Motor Vehicles	15% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	20% on 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 tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

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Vale Garage Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	10,000

As at 30 November 2025	10,000

Amortisation
As at 1 December 2024	10,000

As at 30 November 2025	10,000

Net Book Value
As at 30 November 2025	-

As at 1 December 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 December 2024	3,629	35,542	1,721	3,039	43,931
Additions	-	650	-	-	650

As at 30 November 2025	3,629	36,192	1,721	3,039	44,581

Depreciation
As at 1 December 2024	2,525	26,769	1,476	2,831	33,601
Provided during the period	166	1,316	37	42	1,561

As at 30 November 2025	2,691	28,085	1,513	2,873	35,162

Net Book Value
As at 30 November 2025	938	8,107	208	166	9,419

As at 1 December 2024	1,104	8,773	245	208	10,330

6. Stocks

	2025	2024
	£	£
Finished goods	9,668	17,192

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

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