REGISTERED NUMBER: 03192211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

FARM GARAGES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L S Anker

REGISTERED OFFICE:

Ground Floor, Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

REGISTERED NUMBER:

03192211 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

274,787

275,021

CURRENT ASSETS

Stocks

5

707,833

628,699

Debtors

6

71,518

77,194

Cash at bank and in hand

335,477

276,439

1,114,828

982,332

CREDITORS

Amounts falling due within one year

7

165,366

168,682

NET CURRENT ASSETS

949,462

813,650

TOTAL ASSETS LESS CURRENT LIABILITIES

1,224,249

1,088,671

CREDITORS

Amounts falling due after more than one year

8

-

(6,538

)

PROVISIONS FOR LIABILITIES

(3,906

)

(3,964

)

NET ASSETS

1,220,343

1,078,169

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,220,243

1,078,069

SHAREHOLDERS' FUNDS

1,220,343

1,078,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 July 2026 and were signed by:

L S Anker - Director

1.	STATUTORY INFORMATION

Farm Garages 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 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

259,165

18,654

59,906

9,045

346,770

Additions

-

-

3,759

1,214

4,973

At 31 August 2025

259,165

18,654

63,665

10,259

351,743

DEPRECIATION

At 1 September 2024

-

15,050

50,669

6,030

71,749

Charge for year

-

901

3,249

1,057

5,207

At 31 August 2025

-

15,951

53,918

7,087

76,956

NET BOOK VALUE

At 31 August 2025

259,165

2,703

9,747

3,172

274,787

At 31 August 2024

259,165

3,604

9,237

3,015

275,021

The valuation of the property of £250,000 is as per a survery completed during 2020 year.

5.

STOCKS

2025

2024

£

£

Stocks

707,833

628,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

70,973

36,993

Other debtors

-

5,000

VAT

-

29,986

Prepayments

545

5,215

71,518

77,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

6,719

10,272

Trade creditors

29,484

76,195

Corporation tax

70,218

52,793

Social security and other taxes

3,388

2,136

VAT

12,248

-

Other creditors

1,253

15,149

Related/associated companies

3,082

3,082

Directors' current accounts

29

2,313

Deferred income

33,445

1,502

Accrued expenses

5,500

5,240

165,366

168,682

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

6,538

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

6,719

10,272

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,538

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,719

16,810

The bank loan is held with an interest rate of 1.9%, secured against company assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

During the course of the year there were transactions to the value of £22,627 to Just MOTS (Newport Pagnell) Limited which was incorporated in February 2025. Just MOTS (Newport Pagnell) Limited is, as of June 2025, owned and controlled by Mr. Lee Anker who owns and controls Farm Garages Limited also.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is L S Anker.