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Company Registration No. 02759139 (England and Wales)
The Garage Computer Company Limited Unaudited accounts for the year ended 31 October 2025
The Garage Computer Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Garage Computer Company Limited Company Information for the year ended 31 October 2025
Director
MJ White
Company Number
02759139 (England and Wales)
Registered Office
The Old Surgery 48 High Street Chalgrove Oxfordshire OX44 7SS
Accountants
Chris Burgess Accountancy Ltd The Old Surgery 48 High Street Chalgrove Oxfordshire OX44 7SS
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The Garage Computer Company Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
23
41
Current assets
Debtors
5
35
1,250
Cash at bank and in hand
5,825
3,169
5,860
4,419
Creditors: amounts falling due within one year
6
(10,959)
(10,863)
Net current liabilities
(5,099)
(6,444)
Net liabilities
(5,076)
(6,403)
Capital and reserves
Called up share capital
3,032
3,032
Profit and loss account
(8,108)
(9,435)
Shareholders' funds
(5,076)
(6,403)
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 June 2026 and were signed on its behalf by
MJ White Director Company Registration No. 02759139
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The Garage Computer Company Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
The Garage Computer Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02759139. The registered office is The Old Surgery, 48 High Street, Chalgrove, Oxfordshire, OX44 7SS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company liabilities exceed the companies assets. The director's loan to the company at the end of the year enables the company to continue to meet its liabilities as they fall due. The directors will continue to support the company so that it can continue to meet its liabilities as they fall due.
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The Garage Computer Company Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
768
11,536
12,304
Additions
-
9
9
At 31 October 2025
768
11,545
12,313
Depreciation
At 1 November 2024
764
11,499
12,263
Charge for the year
3
24
27
At 31 October 2025
767
11,523
12,290
Net book value
At 31 October 2025
1
22
23
At 31 October 2024
4
37
41
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
(218)
978
Accrued income and prepayments
251
270
Other debtors
2
2
35
1,250
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
35
Taxes and social security
534
668
Loans from directors
5,816
5,359
Accruals
4,609
4,801
10,959
10,863
7
Transactions with related parties
Other creditors includes a loan of £5,816 (2024 - £5,358) from Mr M J White, the director of the company. The loan is interest free and repayable upon demand.
8
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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