Central Garage (Marshfield) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04235415

Central Garage (Marshfield) Limited

Filleted Unaudited Financial Statements

Year ended

31 May 2025

Central Garage (Marshfield) Limited

Financial Statements

Year ended 31 May 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Central Garage (Marshfield) Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		12,797		12,031

Current assets

Stocks		500	400
Debtors	6	108,448	84,175
Cash at bank and in hand		118,061	89,759
		---------	---------
		227,009	174,334

Creditors: amounts falling due within one year	7	68,695		48,877
		---------		---------
Net current assets			158,314		125,457
			---------		---------
Total assets less current liabilities			171,111		137,488

Provisions

Taxation including deferred tax	576	118
	---------	---------
Net assets	170,535	137,370
	---------	---------

Central Garage (Marshfield) Limited

Statement of Financial Position (continued)

31 May 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		170,435	137,270
		---------	---------
Shareholder funds		170,535	137,370
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

N R Snary
Director

Company registration number: 04235415

Central Garage (Marshfield) Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The trading address is Hay Street, Marshfield, Chippenham, Wiltshire, SN14 8NJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents sales of goods and services net of VAT and trade discounts. Turnover of goods are recognised when goods are physically delivered to the customer. Turnover of services shown in the profit and loss account represents the fair value of services provided to the extent that there is a right to consideration. It is measured at the fair value of the consideration due.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	straight line over period of lease
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

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

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 June 2024	840	31,493	8,839	12,800	53,972
Additions	–	–	5,071	–	5,071
Disposals	–	–	( 1,856)	–	( 1,856)
	----	--------	--------	--------	--------
At 31 May 2025	840	31,493	12,054	12,800	57,187
	----	--------	--------	--------	--------
Depreciation
At 1 June 2024	840	24,440	6,867	9,794	41,941
Charge for the year	–	1,763	1,751	752	4,266
Disposals	–	–	( 1,817)	–	( 1,817)
	----	--------	--------	--------	--------
At 31 May 2025	840	26,203	6,801	10,546	44,390
	----	--------	--------	--------	--------
Carrying amount
At 31 May 2025	–	5,290	5,253	2,254	12,797
	----	--------	--------	--------	--------
At 31 May 2024	–	7,053	1,972	3,006	12,031
	----	--------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	4,805	6,750
Other debtors	103,643	77,425
	---------	--------
	108,448	84,175
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	29,653	16,378
Social security and other taxes	30,402	28,047
Other creditors	8,640	4,452
	--------	--------
	68,695	48,877
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Director's advances, credits and guarantees

With regard to the advances to the director, the balance at the start of the year was £ 66,196 . A repayment of £ 7,571 and further advances totalling £ 25,324 were made during the year. The balance at the year-end was £ 83,949 . The advances were made interest-free and are repayable on demand.