REGISTERED NUMBER: 07049860 (England and Wales)

MOORFIELD GARAGE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K P Campbell

Mr R N Hunt

Mr P Senior

Mrs S Senior

REGISTERED OFFICE:

Unit C

Moorfield Industrial Estate

Moorfield Road, Yeadon

Leeds

West Yorkshire

LS19 7BN

REGISTERED NUMBER:

07049860 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

Lloyds TSB Bank Plc

1 St Nicholas Street

Scarborough

YO11 2YY

FIXED ASSETS

Intangible assets

4

16,402

-

Tangible assets

5

213,048

179,311

229,450

179,311

CURRENT ASSETS

Stocks

5,696

5,415

Debtors

6

83,243

92,863

Cash at bank and in hand

52,979

13,740

141,918

112,018

CREDITORS

Amounts falling due within one year

7

(281,713

)

(209,632

)

NET CURRENT LIABILITIES

(139,795

)

(97,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,655

81,697

CREDITORS

Amounts falling due after more than one year

8

(49,456

)

(53,295

)

PROVISIONS FOR LIABILITIES

11

(37,971

)

(32,591

)

NET ASSETS/(LIABILITIES)

2,228

(4,189

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,928

(4,489

)

SHAREHOLDERS' FUNDS

2,228

(4,189

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

Mr R N Hunt - Director

Mr K P Campbell - Director

Mr P Senior - Director

Mrs S Senior - Director

1.	STATUTORY INFORMATION

Moorfield Garage 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.

The directors have indicated their willingness to support the company. Thus, the company continues to adopt the going concern basis of preparation.

Turnover

Turnover represents the invoiced value of services rendered and goods supplied, net of value added tax, at the time of their supply.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% 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.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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 20 (2025 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

20,503

At 31 March 2026

20,503

AMORTISATION

Charge for year

4,101

At 31 March 2026

4,101

NET BOOK VALUE

At 31 March 2026

16,402

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

9,490

485,956

495,446

Additions

-

70,397

70,397

At 31 March 2026

9,490

556,353

565,843

DEPRECIATION

At 1 April 2025

5,788

310,347

316,135

Charge for year

762

35,898

36,660

At 31 March 2026

6,550

346,245

352,795

NET BOOK VALUE

At 31 March 2026

2,940

210,108

213,048

At 31 March 2025

3,702

175,609

179,311

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

Plant and

machinery

etc

£

COST

At 1 April 2025

139,694

Additions

33,354

At 31 March 2026

173,048

DEPRECIATION

At 1 April 2025

28,683

Charge for year

13,969

At 31 March 2026

42,652

NET BOOK VALUE

At 31 March 2026

130,396

At 31 March 2025

111,011

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,584

15,817

Other debtors

77,659

77,046

83,243

92,863

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,423

16,881

Hire purchase contracts (see note 9)

37,305

28,410

Trade creditors

148,910

102,296

Taxation and social security

31,542

42,893

Other creditors

60,533

19,152

281,713

209,632

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

6,488

Hire purchase contracts (see note 9)

49,456

46,807

49,456

53,295

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

867

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

37,305

28,410

Between one and five years

48,589

46,807

In more than five years

867

-

86,761

75,217

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

3,423

23,369

Hire purchase contracts

86,761

75,217

90,184

98,586

The bank loan comprises two loans. One of which is a loan secured by a government backed initiative and one that is secured by a fixed and floating charge.

Hire purchase contracts comprise three separate assets being paid for under hire purchase agreements. In each instance the debt is secured against the asset.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

37,971

32,591

Deferred

tax

£

Balance at 1 April 2025

32,591

Charge to Income Statement during year

5,380

Balance at 31 March 2026

37,971

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr K P Campbell

Balance outstanding at start of year

3,926

(202

)

Amounts advanced

-

17,217

Amounts repaid

(3,926

)

(13,089

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,926

Mr R N Hunt

Balance outstanding at start of year

13,506

(576

)

Amounts advanced

-

17,311

Amounts repaid

(13,506

)

(3,229

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

13,506

Mr P Senior

Balance outstanding at start of year

11,625

(4

)

Amounts advanced

-

25,062

Amounts repaid

(11,625

)

(13,433

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

11,625

Mrs S Senior

Balance outstanding at start of year

4,113

-

Amounts advanced

-

8,860

Amounts repaid

(4,113

)

(4,747

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,113

13.	RELATED PARTY DISCLOSURES

At 31st March 2026 £41,137 was owed to the directors by way of a directors' loan account. In 2025 £33,170 was owed to the company. A commercial rate of interest was charged on the amounts owed to the company. The loans will be repaid when funds permit.