Ales Garages Limited - Filleted accounts

Registered number

07123020

Ales Garages Limited

Filleted Accounts

31 January 2026

Ales Garages Limited
Registered number:		07123020
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		19,294			46,575

Current assets
Debtors	5	29,767			21,399
Cash at bank and in hand		462			11,770
		30,229			33,169

Creditors: amounts falling due within one year	6	(52,794)			(43,765)

Net current liabilities			(22,565)			(10,596)

Total assets less current liabilities			(3,271)			35,979

BBL			-			(5,018)

Creditors: amounts falling due after more than one year	7		(2,333)			(10,555)



Net (liabilities)/assets			(5,604)			20,406

Capital and reserves
Called up share capital			100			100
Profit and loss account			(5,704)			20,306

Shareholders' funds			(5,604)			20,406
			-			-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




0
Director
Approved by the board on 12 May 2026

Ales Garages Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					8		9


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							595
	At 31 January 2026							595

	Amortisation
	At 1 February 2025							595
	At 31 January 2026							595

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	10,000		145,996		24,158		180,154
	At 31 January 2026	10,000		145,996		24,158		180,154

	Depreciation
	At 1 February 2025	8,000		106,821		18,758		133,579
	Charge for the year	2,000		25,281		-		27,281
	At 31 January 2026	10,000		132,102		18,758		160,860

	Net book value
	At 31 January 2026	-		13,894		5,400		19,294
	At 31 January 2025	2,000		39,175		5,400		46,575


5	Debtors					2026		2025
£							£

	Trade debtors					12,267		5,710
	Other debtors					17,500		15,689
						29,767		21,399


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					18,543		19,171
	Taxation and social security costs					14,839		17,903
	Directors loan					6,524		5,361
	Other creditors					12,888		1,330
						52,794		43,765


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					2,333		10,555

8	Other information

	Ales Garages Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Broomsleigh Business Park
	Worsley Bridge Road
	London
	SE26 5BN