Milngavie & Bearsden Garage Ltd Accounts






Milngavie & Bearsden Garage Ltd

	Company No. SC439109
		Information for Filing with The Registrar
		31 December 2025

at	31 December 2025
Company No.		SC439109	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	441,093	484,573
	Investment property		6	228,170	143,170

				669,263	627,743
Current assets

	Debtors		7	6,089	8,144

	Cash at bank and in hand			16,817	50,996
				22,906	59,140
Creditors: Amount falling due within one year			8	(143,529)	(105,609)
Net current liabilities				(120,623)	(46,469)
Total assets less current liabilities				548,640	581,274
Creditors: Amounts falling due after more than one year			9	-	(28,653)



Net assets				548,640	552,621

Capital and reserves
	Called up share capital			10	10



	Profit and loss account		11	548,630	552,611

Total equity				548,640	552,621



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2025 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 10 August 2026 and signed on its behalf by:
M. McKee
Director
10 August 2026

for the year ended 31 December 2025

General information

Milngavie & Bearsden Garage Ltd is a private company limited by shares and incorporated in Scotland.

Its registered number is: SC439109

Its registered office is:

100 Main Street

Torrance

G64 4EL

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover represents the amount derived from the provision of goods and services, falling within the company's ordinary activities, net of Value Added Tax, returns and discounts. Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer and the amount of revenue can be measured reliably

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

1% Straight line

Plant and machinery

15% Straight line

Motor vehicles

20% Straight line

Furniture, fittings and equipment

20% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Employee benefits

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	10	10

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	52,573	15,605

		Total corporation tax	52,573	15,605





		Tax on profit on ordinary activities	52,573	15,605

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		5816	£	£
		Profit on ordinary activities before tax	187,027	156,488

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	46,757	39,122
		Expenses not deductible for tax purposes	5,816	(23,517)




		Tax on profit on ordinary activities	52,573	15,605

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 January 2025	238,113	164,986	252,466	4,472	660,037
		Additions	-	25,116	-	-	25,116


		Disposals	-	-	(35,310)	-	(35,310)
		At 31 December 2025	238,113	190,102	217,156	4,472	649,843
		Depreciation
		At 1 January 2025	15,870	48,062	107,174	4,358	175,464
		Charge for the year	2,381	21,930	38,952	113	63,376


		Disposals	-	-	(30,090)	-	(30,090)
		At 31 December 2025	18,251	69,992	116,036	4,471	208,750
		Net book values
		At 31 December 2025	219,862	120,110	101,120	1	441,093
		At 31 December 2024	222,243	116,924	145,292	114	484,573

6	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 January 2025	143,170
		Additions	85,000


		At 31 December 2025	228,170

7	Debtors
			2025	2024
			£	£
		Trade debtors	2,980	3,492






		Prepayments and accrued income	3,109	4,652
			6,089	8,144

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£



		Obligations under finance lease and hire purchase contracts	28,653	32,829
		Trade creditors	33,833	30,095

		Taxes and social security	78,405	40,736

		Other creditors	1,538	600
		Accruals and deferred income	1,100	1,349
			143,529	105,609

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£



		Obligations under finance lease and hire purchase contracts	-	28,653




			-	28,653

		Liabilities repayable in more than five years after the balance sheet date




		The bank loan is secured against the garage premises and land at 100 Main Street, Torrance

Share Capital

10 Ordinary Shares of £1 each

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.