Ladyroyd Garage Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04662334

Ladyroyd Garage Limited

Filleted Unaudited Financial Statements

30 September 2025

Ladyroyd Garage Limited

Statement of Financial Position

30 September 2025

	30 Sep 25		31 Mar 24
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	1,014,241	1,352,493
		------------	------------
		1,014,242	1,352,494

Current assets

Stocks		2,275	2,275
Debtors	7	657,712	199,962
Cash at bank and in hand		362,488	846,084
		------------	------------
		1,022,475	1,048,321

Creditors: amounts falling due within one year	8	854,937		701,221
		------------		------------
Net current assets			167,538	347,100
			------------	------------
Total assets less current liabilities			1,181,780	1,699,594

Creditors: amounts falling due after more than one year	9		57,612	15,046

Provisions	216,872	297,956
	------------	------------
Net assets	907,296	1,386,592
	------------	------------

Capital and reserves

Called up share capital	2,000	2,000
Profit and loss account	905,296	1,384,592
	---------	------------
Shareholders funds	907,296	1,386,592
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 September 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ladyroyd Garage Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 6 August 2026 , and are signed on behalf of the board by:

Mrs F M Thornes

Director

Company registration number: 04662334

Ladyroyd Garage Limited

Notes to the Financial Statements

Period from 1 April 2024 to 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 507 Thornton Road, Girlington, Bradford, West Yorkshire, BD8 9RB, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Employee ownership trust

Ladyroyd Employee Ownership Trust has been established with the object of ensuring that shares in the company are held for the benefit of the company's employees and that the eligible employees shall have an interest in the company's business.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	15% reducing balance

	Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 20 (2024: 20 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 30 September 2025	142,000
	---------
Amortisation
At 1 April 2024 and 30 September 2025	141,999
	---------
Carrying amount
At 30 September 2025	1
	---------
At 31 March 2024	1
	---------

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	330,281	110,704	60,877	2,160,229	58,347	2,720,438
Additions	–	79	376	386,511	2,485	389,451
Disposals	–	( 25,820)	( 212)	( 943,269)	( 3,261)	( 972,562)
	---------	---------	--------	------------	--------	------------
At 30 Sep 2025	330,281	84,963	61,041	1,603,471	57,571	2,137,327
	---------	---------	--------	------------	--------	------------
Depreciation
At 1 Apr 2024	263,610	38,859	55,630	962,200	47,646	1,367,945
Charge for the period	15,001	16,176	1,208	284,606	2,561	319,552
Disposals	–	( 17,492)	( 135)	( 545,207)	( 1,577)	( 564,411)
	---------	---------	--------	------------	--------	------------
At 30 Sep 2025	278,611	37,543	56,703	701,599	48,630	1,123,086
	---------	---------	--------	------------	--------	------------
Carrying amount
At 30 Sep 2025	51,670	47,420	4,338	901,872	8,941	1,014,241
	---------	---------	--------	------------	--------	------------
At 31 Mar 2024	66,671	71,845	5,247	1,198,029	10,701	1,352,493
	---------	---------	--------	------------	--------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30 September 2025	84,318
	--------
At 31 March 2024	–
	--------

7. Debtors

	30 Sep 25	31 Mar 24
	£	£
Trade debtors	170,083	196,282
Amounts owed by group undertakings and undertakings in which the company has a participating interest	159,440	3,680
Other debtors	328,189	–
	---------	---------
	657,712	199,962
	---------	---------

8. Creditors: amounts falling due within one year

	30 Sep 25	31 Mar 24
	£	£
Bank loans and overdrafts	10,035	10,000
Trade creditors	601,664	624,092
Corporation tax	144,252	–
Social security and other taxes	27,513	41,662
Other creditors	71,473	25,467
	---------	---------
	854,937	701,221
	---------	---------

Creditors falling due within one year includes the following amounts on which security has been given by the company:

	2025	2024
	£	£
Other creditors	18,406	–

9. Creditors: amounts falling due after more than one year

	30 Sep 25	31 Mar 24
	£	£
Bank loans and overdrafts	–	15,046
Other creditors	57,612	–
	--------	--------
	57,612	15,046
	--------	--------

Creditors falling due after one year includes the following amounts on which security has been given by the company:

	2025	2024
	£	£
Other creditors	57,612	Nil

10. Employee ownership trust

On 26th September 2025 Ladyroyd Trustees Limited, being the trustee of Ladyroyd Employee Ownership Trust acquired 100% of the ordinary share capital of Ladyroyd Garage Limited .

11. Directors' advances, credits and guarantees

During the year the directors received advances of £450,631 and repaid £370,288 to the company.

12. Related party transactions

The company made a gift of £800,000 (2024: £nil) to the Ladyroyd Employee Ownership Trust. Future gifts will be made at the discretion of the company Directors based on available cashflows and the performance of the business.

13. Controlling party

The company is controlled by Ladyroyd Trustees Limited, being the trustee of Ladyroyd Employee Ownership Trust.