Southcombe Garage Limited

Southcombe Garage Limited
Directors' Report
For the year ended 31 October 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 October 2025

Directors

The directors who served the company throughout the year were as follows:

Benjamin Dix

Michelle Anne Dix

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Benjamin Dix
Director

Date approved: 27 July 2026

Southcombe Garage Limited
Balance Sheet
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	201,349	218,327
		201,349	218,327
Current assets
Stocks	5	3,640	3,932
Debtors	6	2,233	11,499
Cash at bank and in hand		151,159	72,480
		157,032	87,911
Creditors: amount falling due within one year	7	(254,179)	(156,650)
Net current assets		(97,147)	(68,739)

Total assets less current liabilities		104,202	149,588
Creditors: amount falling due after more than one year	8	(16,768)	(33,420)
Net assets		87,434	116,168

Capital and reserves
Called up share capital	9	70	70
Profit and loss account		87,364	116,098
Shareholders' funds		87,434	116,168

For the year ended 31 October 2025 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 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 July 2026 and were signed on its behalf by:

-------------------------------
Benjamin Dix
Director

Southcombe Garage Limited
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

Southcombe Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 04559626, registration address Southcombe Garage, Southcombe, Chipping Norton, Oxfordshire, OX7 5QH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Finance lease and hire purchase charges

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 20 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	18 Years Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	10% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 10 (2024 : 10).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 November 2024	105,000	105,000
Additions	-	-
Disposals	-	-
At 31 October 2025	105,000	105,000
Amortisation
At 01 November 2024	105,000	105,000
Charge for year	-	-
On disposals	-	-
At 31 October 2025	105,000	105,000
Net book values
At 31 October 2025	-	-
At 31 October 2024	-	-

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 November 2024	45,371	84,629	312,451	442,451
Additions	-	-	16,444	16,444
Disposals	-	-	-	-
At 31 October 2025	45,371	84,629	328,895	458,895
Depreciation
At 01 November 2024	37,491	22,751	163,883	224,125
Charge for year	1,576	12,375	19,470	33,421
On disposals	-	-	-	-
At 31 October 2025	39,067	35,126	183,353	257,546
Net book values
Closing balance as at 31 October 2025	6,304	49,503	145,542	201,349
Opening balance as at 01 November 2024	7,880	61,878	148,569	218,327

Stocks

	2025 £		2024 £
Parts stock	3,640		3,932
	3,640		3,932

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	2,027	11,499
Other Debtors	206	-
	2,233	11,499

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	51,958	50,069
Bank Loans & Overdrafts	5,835	10,000
Amounts Owed to Group Undertakings	95,319	-
Corporation Tax	52,746	48,800
Accrued Expenses	970	970
Obligations under HP/Financial Leases	10,800	10,800
Directors' Current Accounts	-	2,557
VAT	36,551	33,454
	254,179	156,650

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	-	5,852
Obligations Under HP/Financial Leases	16,768	27,568
	16,768	33,420

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
301 Ordinary shares of £0.10 each	30	30
200 Class A shares of £0.10 each	20	20
100 Class B shares of £0.10 each	10	10
100 Class C shares of £0.10 each	10	10
	70	70

Registered Number: 04559626
England and Wales
SOUTHCOMBE GARAGE LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 November 2024 End date: 31 October 2025