REGISTERED NUMBER: 03199578 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

BRIXEY AUTO REPAIRS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P Brixey

Mrs A J Brixey

C P Brixey

SECRETARY:

Mrs A J Brixey

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Bath

BA3 2DA

REGISTERED NUMBER:

03199578 (England and Wales)

ACCOUNTANTS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

183,248

187,632

183,248

187,632

CURRENT ASSETS

Stocks

10,500

11,500

Debtors

6

72,046

55,786

Cash at bank and in hand

902,965

805,758

985,511

873,044

CREDITORS

Amounts falling due within one year

7

162,984

147,160

NET CURRENT ASSETS

822,527

725,884

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,775

913,516

PROVISIONS FOR LIABILITIES

8

10,506

10,367

NET ASSETS

995,269

903,149

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

995,257

903,137

SHAREHOLDERS' FUNDS

995,269

903,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 29 June 2026 and were signed on its behalf by:

N P Brixey - Director

Mrs A J Brixey - Director

1.	STATUTORY INFORMATION

Brixey Auto Repairs 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

5,545

AMORTISATION

At 1 March 2025

and 28 February 2026

5,545

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2025

178,477

103,245

37,486

Additions

-

-

4,925

Disposals

-

(2,052

)

(1,395

)

At 28 February 2026

178,477

101,193

41,016

DEPRECIATION

At 1 March 2025

42,522

85,491

28,309

Charge for year

3,569

4,410

3,500

Eliminated on disposal

-

(1,940

)

(1,293

)

At 28 February 2026

46,091

87,961

30,516

NET BOOK VALUE

At 28 February 2026

132,386

13,232

10,500

At 28 February 2025

135,955

17,754

9,177

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

53,090

18,321

390,619

Additions

12,644

1,744

19,313

Disposals

(7,650

)

(7,879

)

(18,976

)

At 28 February 2026

58,084

12,186

390,956

DEPRECIATION

At 1 March 2025

31,664

15,001

202,987

Charge for year

8,011

1,034

20,524

Eliminated on disposal

(5,621

)

(6,949

)

(15,803

)

At 28 February 2026

34,054

9,086

207,708

NET BOOK VALUE

At 28 February 2026

24,030

3,100

183,248

At 28 February 2025

21,426

3,320

187,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

20,008

2,520

Other debtors

50,000

50,000

Prepayments and accrued income

2,038

3,266

72,046

55,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

29,884

26,216

Tax

56,721

44,406

Social security and other taxes

26,017

21,795

Other creditors

3,273

5,365

Directors' current accounts

42,383

44,943

Accrued expenses

4,706

4,435

162,984

147,160

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred taxation

10,506

10,367

Deferred

tax

£

Balance at 1 March 2025

10,367

Accelerated capital allowances

139

Balance at 28 February 2026

10,506

9.	RELATED PARTY DISCLOSURES