| |
|
2026 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
83,064 |
|
|
89,342 |
| Current assets |
|
48,840 |
|
|
114,295 |
|
| Prepayments and accrued income |
|
1,867 |
|
|
2,462 |
|
| Creditors: amount falling due within one year |
|
(98,516) |
|
|
(134,629) |
|
|
Net current assets
|
|
|
(47,809)
|
|
|
(17,872)
|
|
Total assets less current liabilities
|
|
|
35,255 |
|
|
71,470 |
|
Net assets
|
|
|
35,255 |
|
|
71,470 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
35,255 |
|
|
71,470 |
| |
NOTES TO THE ACCOUNTS
General Information
Thorpe End Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 05715261, registration address C/O Adepta Limited, Hill Crest, Hill House Road, Bramerton, Norwich, Norfolk, NR14 7EE. The trading address of the company is 77 Plumstead Road East, Plumstead, Norwich, Norfolk, NR13 5AJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
2% Straight Line |
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Computer Equipment |
15% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 March 2025 |
90,000 |
|
90,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2026 |
90,000 |
|
90,000 |
| Amortisation |
| At 01 March 2025 |
90,000 |
|
90,000 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 28 February 2026 |
90,000 |
|
90,000 |
| Net book values |
| At 28 February 2026 |
- |
|
- |
| At 28 February 2025 |
- |
|
- |
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 March 2025 |
136,805 |
|
43,266 |
|
6,247 |
|
34,500 |
|
220,818 |
| Additions |
3,824 |
|
- |
|
345 |
|
- |
|
4,169 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
140,629 |
|
43,266 |
|
6,592 |
|
34,500 |
|
224,987 |
| Depreciation |
| At 01 March 2025 |
92,033 |
|
35,309 |
|
3,444 |
|
690 |
|
131,476 |
| Charge for year |
7,296 |
|
1,989 |
|
472 |
|
690 |
|
10,447 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
99,329 |
|
37,298 |
|
3,916 |
|
1,380 |
|
141,923 |
| Net book values |
| Closing balance as at 28 February 2026 |
41,300 |
|
5,968 |
|
2,676 |
|
33,120 |
|
83,064 |
| Opening balance as at 01 March 2025 |
44,772 |
|
7,957 |
|
2,803 |
|
33,810 |
|
89,342 |
The net book value of Land and Buildings includes £ 33,120 (2025 £33,810) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Average number of employees
Average number of employees during the year was 9 (2025 : 7).
|
For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 04 July 2026 and were signed on its behalf by: --------------------------------
Stuart Harris
Director |
2
|