REGISTERED NUMBER: 00627406 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Squires Garage And Road Transport

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

B W Squire

M A Squire

SECRETARY:

B W Squire

REGISTERED OFFICE:

Rear Of 51 High Street

Bloxwich

Walsall

West Midlands

WS3 2DF

REGISTERED NUMBER:

00627406 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

316,592

312,457

CURRENT ASSETS

Stocks

6,275

14,600

Debtors

5

28,430

21,034

Cash at bank

78,665

121,620

113,370

157,254

CREDITORS

Amounts falling due within one year

6

(104,874

)

(135,413

)

NET CURRENT ASSETS

8,496

21,841

TOTAL ASSETS LESS CURRENT LIABILITIES

325,088

334,298

CREDITORS

Amounts falling due after more than one year

7

(4,000

)

(16,000

)

PROVISIONS FOR LIABILITIES

8

(79,100

)

(78,100

)

NET ASSETS

241,988

240,198

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Retained earnings

236,988

235,198

SHAREHOLDERS' FUNDS

241,988

240,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

B W Squire - Director

1.	STATUTORY INFORMATION

Squires Garage And Road Transport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There are no material departures from the standard.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

5% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

5,680

508,682

3,998

518,360

Additions

-

50,550

-

50,550

Disposals

-

(45,270

)

-

(45,270

)

At 31 March 2026

5,680

513,962

3,998

523,640

DEPRECIATION

At 1 April 2025

2,786

199,254

3,863

205,903

Charge for year

579

19,507

76

20,162

Eliminated on disposal

-

(19,017

)

-

(19,017

)

At 31 March 2026

3,365

199,744

3,939

207,048

NET BOOK VALUE

At 31 March 2026

2,315

314,218

59

316,592

At 31 March 2025

2,894

309,428

135

312,457

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

73,000

DEPRECIATION

At 1 April 2025

2,738

Charge for year

3,650

At 31 March 2026

6,388

NET BOOK VALUE

At 31 March 2026

66,612

At 31 March 2025

70,262

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

12,586

2,040

Other debtors

15,844

18,994

28,430

21,034

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

12,000

12,000

Trade creditors

6,778

21,853

Taxation and social security

4,983

5,390

Other creditors

81,113

96,170

104,874

135,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

4,000

16,000

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

79,100

78,100

Deferred

tax

£

Balance at 1 April 2025

78,100

Provided during year

1,000

Balance at 31 March 2026

79,100

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,050

Ordinary A

£1

2,050

2,050

2,200

Ordinary B

£1

2,200

2,200

750

Ordinary C

£1

750

750

5,000

5,000

These shares rank pari passu in all respects with the exception of dividends which are declared on a discretionary basis, being a separate class right.

10.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Squires Garage And Road Transport Limited for the year ended 31 March 2026 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Squires Garage And Road Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Squires Garage And Road Transport Limited and state those matters that we have agreed to state to the Board of Directors of Squires Garage And Road Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Squires Garage And Road Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Squires Garage And Road Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Squires Garage And Road Transport Limited. You consider that Squires Garage And Road Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Squires Garage And Road Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

4 June 2026