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S & P GARAGES LIMITED

Registered Number
07877254
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

S & P GARAGES LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | FROHMAIER, Peter
| FROHMAIER, Sarah Jane
| MAPLETHORPE, Kevin

Registered Address | Wrightsway
| Off Outer Circle Road
| Lincoln
| LN2 4JY

Registered Number | 07877254 (England and Wales)

S & P GARAGES LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 257,555 |  |  |  | 225,187
|  |  |  | 257,555 |  |  |  | 225,187
Current assets |  |  |  |  |  |  |  |
Stocks |  | 275,878 |  |  |  | 438,039 |  |
Debtors |  | 431,659 |  |  |  | 481,705 |  |
Cash at bank and on hand |  | 539,781 |  |  |  | 332,897 |  |
|  | 1,247,318 |  |  |  | 1,252,641 |  |
Creditors amounts falling due within one year |  | (408,939) |  |  |  | (449,212) |  |
Net current assets (liabilities) |  |  |  | 838,379 |  |  |  | 803,429
Total assets less current liabilities |  |  |  | 1,095,934 |  |  |  | 1,028,616
Creditors amounts falling due after one year |  |  |  | (8,480) |  |  |  | (26,513)
Provisions for liabilities |  |  |  | (59,335) |  |  |  | (50,699)
Net assets |  |  |  | 1,028,119 |  |  |  | 951,404
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1,000 |  |  |  | 100
Profit and loss account |  |  |  | 1,027,119 |  |  |  | 951,304
Shareholders' funds |  |  |  | 1,028,119 |  |  |  | 951,404

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 9 June 2026, and are signed on its behalf by:
FROHMAIER, Peter Director Registered Company No. 07877254

S & P GARAGES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| 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 policy
--- | ---
| Turnover represents net invoiced sales of goods, sales of vehicles, and repairs and servicing of vehicles, excluding value added tax.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Employee 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.

| Current 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.

| Tangible fixed assets and depreciation
--- | ---
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

|  | Reducing balance (%)
| Plant and machinery | 15
| Fixtures and fittings | 20
| Vehicles | 25
| Office Equipment | 20

| Finance leases and hire purchase contracts
--- | ---
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 23 |  | 26

3. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 January 25 | 492,607
| Additions | 80,057
| At 31 December 25 | 572,662
| Depreciation and impairment
| At 01 January 25 | 267,420
| Charge for year | 47,689
| At 31 December 25 | 315,107
| Net book value
| At 31 December 25 | 257,555
| At 31 December 24 | 225,187

| Fixed assets, included in the above, valued at £23,670 are held under hire purchase contracts.

4. | Secured creditors
--- | ---
| Hire purchase loans are secured by the asset they are taken out on. The bank loan is unsecured and any fault on the loan, will be covered by the government.

5. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 18,411 |  | 33,800

| Assets held under hire purchase contracts are included in fixed assets. The corresponding liabilities are included in creditors.

6. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| FROHMAIER, Peter | 52,871 |  | 37,715 |  | 53,286 |  | 37,300
| FROHMAIER, Sarah Jane | 52,870 |  | 37,714 |  | 53,286 |  | 37,298
| MAPLETHORPE, Kevin | 0 |  | 7,331 |  | 0 |  | 7,331
|  | 105,741 |  | 82,760 |  | 106,572 |  | 81,929

| During the year, the company made advances to directors. Interest is charged on the outstanding balances at the HM Revenue & Customs official rate. The amounts outstanding at the year-end are unsecured and are expected to be repaid within 9 months of the reporting date.

7. | Share capital
--- | ---
| During the year, the company issued [900] ordinary shares of £1 each for a total consideration of £900. The shares rank pari passu with the existing ordinary shares.