Sherborne Garage Limited


Directors	Matthews, Jane
	Matthews, Paul John


Registered Address	7 North Crescent
	Milborne Port
	Sherborne
	DT9 5HW


Place of Business	Castle Town Way
	Sherborne
	DT9 4EA


Registered Number	06979517 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		43,113		57,586
			43,113		57,586
Current assets
Stocks		2,956		4,534
Debtors	4	11,786		23,236
Cash at bank and on hand		199,637		173,433
		214,379		201,203
Creditors amounts falling due within one year	5	(62,100)		(63,992)
Net current assets (liabilities)			152,279		137,211
Total assets less current liabilities			195,392		194,797
Provisions for liabilities			(9,189)		(13,462)
Net assets			186,203		181,335
Capital and reserves
Called up share capital			100		100
Profit and loss account			186,103		181,235
Shareholders' funds			186,203		181,335

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2026, and are signed on its behalf by:

Matthews, Jane
Director
Registered Company No. 06979517

Sherborne Garage Limited

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue 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.

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

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance, 15% on cost, 15% on reducing balance, 10% on cost and 10% on reducing balance.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees
	The following average number of employees includes the directors.


		2025		2024
	Average number of employees during the year	6		5

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 24	161,994
	Additions	699
	At 31 August 25	162,693
	Depreciation and impairment
	At 01 September 24	104,408
	Charge for year	15,172
	At 31 August 25	119,580
	Net book value
	At 31 August 25	43,113
	At 31 August 24	57,586

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	6,505	18,654
Prepayments and accrued income	5,281	4,582
Total	11,786	23,236

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	21,965	17,694
Amounts owed to related parties	4,882	3,525
Taxation and social security	33,150	40,729
Other creditors	451	168
Accrued liabilities and deferred income	1,652	1,876
Total	62,100	63,992


	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.