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REGISTERED NUMBER: 01362185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

POVEY'S GARAGE LTD

| POVEY'S GARAGE LTD (REGISTERED NUMBER: 01362185) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| Chartered certified accountants' report | 6 |

| POVEY'S GARAGE LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | J Povey

| W R Povey

| REGISTERED OFFICE: | Penygroes

| Caernarfon

| Gwynedd

| LL54 6DA

| REGISTERED NUMBER: | 01362185 (England and Wales)

| ACCOUNTANTS: | Fraser Wood Limited

| Chartered Certified Accountants

| 2 Llys Onnen

| Ffordd Y Llyn

| Parc Menai

| Bangor

| Gwynedd

| LL57 4DF

| POVEY'S GARAGE LTD (REGISTERED NUMBER: 01362185) |

BALANCE SHEET

31 OCTOBER 2025

| 31.10.25 |  | 31.10.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 42,717 |  | 46,664 |  |

CURRENT ASSETS

Stocks | 9,500 |  | 12,000 |  |

Cash at bank and in hand | 10,726 |  | 13,556 |  |

20,226 |  | 25,556 |  |

CREDITORS

Amounts falling due within one year | 5 | (75,382 | ) | (99,277 | ) |

NET CURRENT LIABILITIES | (55,156 | ) | (73,721 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (12,439 | ) | (27,057 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (12,539 | ) | (27,157 | ) |

SHAREHOLDERS' FUNDS | (12,439 | ) | (27,057 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

| POVEY'S GARAGE LTD (REGISTERED NUMBER: 01362185) |

BALANCE SHEET - continued

31 OCTOBER 2025

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

J Povey - Director

| POVEY'S GARAGE LTD (REGISTERED NUMBER: 01362185) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Povey's Garage Ltd 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.

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.

| Turnover

| Turnover represents amounts receivable for motor repairs and used car sales, net of value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance, 15% on reducing balance and 2% 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.

| 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 3 (2024 - 3 ) .

| POVEY'S GARAGE LTD (REGISTERED NUMBER: 01362185) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 121,032 |  |

| DEPRECIATION

| At 1 November 2024 | 74,368 |  |

| Charge for year | 3,947 |  |

| At 31 October 2025 | 78,315 |  |

| NET BOOK VALUE

| At 31 October 2025 | 42,717 |  |

| At 31 October 2024 | 46,664 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade creditors | 16,243 |  | 15,983 |  |

| Taxation and social security | 2,830 |  | 2,760 |  |

| Other creditors | 56,309 |  | 80,534 |  |

75,382 |  | 99,277 |  |

6. | TRANSACTIONS WITH DIRECTORS

| The directors loans £54,309 ( 31.10.24 - £77,615 ) are included in other creditors falling due within one year.

7. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is J Povey and R Povey, directors and equal shareholders.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

POVEY'S GARAGE LTD

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 Directors' report 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 accounts of Povey's Garage Ltd for the year ended 31 October 2025 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Fraser Wood Limited

Chartered Certified Accountants

2 Llys Onnen

Ffordd Y Llyn

Parc Menai

Bangor

Gwynedd

LL57 4DF

16 July 2026