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
The Garage Computer Company Limited
Company Information
for the year ended 31 October 2025
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
The Garage Computer Company Limited
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
5,825
3,169
Creditors: amounts falling due within one year
(10,959)
(10,863)
Net current liabilities
(5,099)
(6,444)
Net liabilities
(5,076)
(6,403)
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
The Garage Computer Company Limited
Notes to the Accounts
for the year ended 31 October 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
At 31 October 2025
768
11,545
12,313
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
At 31 October 2025
1
22
23
At 31 October 2024
4
37
41
Amounts falling due within one year
Accrued income and prepayments
251
270
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
534
668
Loans from directors
5,816
5,359
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).