REGISTERED NUMBER: 01742700 (England and Wales)

YAPPS GARAGES LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Davies

SECRETARY:

K E E Davies

REGISTERED OFFICE:

146 Fidlas Road

Cardiff

CF14 0YW

REGISTERED NUMBER:

01742700 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

389,728

413,351

CURRENT ASSETS

Stocks

232,500

216,263

Debtors

5

22,452

28,025

Cash at bank and in hand

56,536

73,425

311,488

317,713

CREDITORS

Amounts falling due within one year

6

(127,300

)

(89,602

)

NET CURRENT ASSETS

184,188

228,111

TOTAL ASSETS LESS CURRENT LIABILITIES

573,916

641,462

PROVISIONS FOR LIABILITIES

(2,253

)

(6,188

)

NET ASSETS

571,663

635,274

CAPITAL AND RESERVES

Called up share capital

65,001

65,001

Revaluation reserve

7

252,475

252,475

Retained earnings

254,187

317,798

571,663

635,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

J D Davies - Director

1.	STATUTORY INFORMATION

Yapps Garages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and Fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

Property

machinery

Fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

500,000

160,387

30,580

19,079

710,046

DEPRECIATION

At 1 January 2025

110,000

147,205

25,712

13,778

296,695

Charge for year

10,000

7,112

3,331

3,180

23,623

At 31 December 2025

120,000

154,317

29,043

16,958

320,318

NET BOOK VALUE

At 31 December 2025

380,000

6,070

1,537

2,121

389,728

At 31 December 2024

390,000

13,182

4,868

5,301

413,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

7,620

12,229

Other debtors

14,832

15,796

22,452

28,025

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

34,870

23,971

Amounts owed to group undertakings

4,196

8,118

Taxation and social security

73,332

50,007

Other creditors

14,902

7,506

127,300

89,602

7.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

252,475