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Registration number: 04895988

Woodside Garage (Maulden) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Woodside Garage (Maulden) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Woodside Garage (Maulden) Limited

Company Information

Director | Mr Mark Richard Smith

Company secretary | Mrs Anita Margaret Smith

Registered office | Unit 8 Woodside Farm Clophill Road Maulden Bedfordshire MK45 2AE

Accountants | AIMS Accountants for Business 1 Grimthorpe Close St Albans Hertfordshire AL3 5RW

Woodside Garage (Maulden) Limited

(Registration number: 04895988)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 88,238 | 114,737
Current assets |  |  |
Stocks | 5 | 295,734 | 449,531
Debtors | 6 | 776,878 | 717,544
Cash at bank and in hand |  | 2,324,293 | 1,867,333
|  | 3,396,905 | 3,034,408
Creditors: Amounts falling due within one year | 7 | (469,302) | (398,811)
Net current assets |  | 2,927,603 | 2,635,597
Total assets less current liabilities |  | 3,015,841 | 2,750,334
Provisions for liabilities |  | (20,807) | (27,268)
Net assets |  | 2,995,034 | 2,723,066
Capital and reserves |  |  |
Called up share capital | 8 | 25,000 | 25,000
Retained earnings |  | 2,970,034 | 2,698,066
Shareholders' funds |  | 2,995,034 | 2,723,066

Woodside Garage (Maulden) Limited

(Registration number: 04895988)
Balance Sheet as at 31 October 2025

For the financial 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2026

......................................... Mr Mark Richard Smith Director |  |

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 8
Woodside Farm
Clophill Road
Maulden
Bedfordshire
MK45 2AE
England

These financial statements were authorised for issue by the director on 25 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures and fittings | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 8).

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 138,987 | 256,075 | 395,062
Additions | 4,979 | - | 4,979
Disposals | - | (8,925) | (8,925)
At 31 October 2025 | 143,966 | 247,150 | 391,116
Depreciation
At 1 November 2024 | 124,404 | 155,921 | 280,325
Charge for the year | 4,322 | 24,735 | 29,057
Eliminated on disposal | - | (6,504) | (6,504)
At 31 October 2025 | 128,726 | 174,152 | 302,878
Carrying amount
At 31 October 2025 | 15,240 | 72,998 | 88,238
At 31 October 2024 | 5,614 | 109,123 | 114,737

5 | stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 295,734 | 449,531

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 4,506 | 85,651
Amounts owed by related parties | 10 | 762,869 | 622,869
Prepayments |  | 9,503 | 9,024
|  | 776,878 | 717,544

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 64,056 | 53,972
Taxation and social security | 221,173 | 235,470
Other creditors | 184,073 | 109,369
| 469,302 | 398,811

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 25,000 | 25,000 | 25,000 | 25,000

Woodside Garage (Maulden) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £2.40 per each Ordinary shares |  | 60,000 |  | 60,000

10 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 8,160 | 8,172