Registration number: 04856410

Sandows Garage Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Sandows Garage Limited

Company Information

Directors

Mr W P Sandow Mr M P Sandow

Registered office

Rose-an-Grouse Canonstown Hayle Cornwall TR27 6JN

Accountants

D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Sandows Garage Limited

(Registration number: 04856410)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	361,530	355,138
Current assets
Stocks	5	12,069	12,069
Debtors	6	30,648	23,059
Cash at bank and in hand		3,161	9,333
		45,878	44,461
Creditors: Amounts falling due within one year	7	(45,068)	(50,253)
Net current assets/(liabilities)		810	(5,792)
Total assets less current liabilities		362,340	349,346
Creditors: Amounts falling due after more than one year	7	(54,159)	(60,267)
Net assets		308,181	289,079
Capital and reserves
Called up share capital	8	200	200
Revaluation reserve		287,895	277,825
Retained earnings		20,086	11,054
Shareholders' funds		308,181	289,079

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

......................................... Mr M P Sandow Director

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rose-an-Grouse
Canonstown
Hayle
Cornwall
TR27 6JN

These financial statements were authorised for issue by the Board on 22 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency in these financial statements is GB pounds sterling £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible assets

After initial recognition, freehold property is carried at revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land, over their estimated useful lives, as follows:

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class	Depreciation method and rate
Freehold land	No depreciation provided
Freehold property	2% straight line
Plant and machinery	10% straight line
Vehicles	20% straight line
Office equipment	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	346,148	586	69,591	416,325
Revaluations	7,659	-	-	7,659
Additions	365	-	-	365
At 31 December 2025	354,172	586	69,591	424,349
Depreciation
At 1 January 2025	2,410	516	58,261	61,187
Charge for the year	2,463	70	1,509	4,042
Eliminated on disposal	(2,410)	-	-	(2,410)
At 31 December 2025	2,463	586	59,770	62,819
Carrying amount
At 31 December 2025	351,709	-	9,821	361,530
At 31 December 2024	343,738	70	11,330	355,138

Included within the net book value of land and buildings above is £351,709 (2024 - £343,738) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold Property was revalued on 31 December 2025. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £101,207 (2024 - £101,207).

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5

Stocks

	2025 £	2024 £
Work in progress	3,500	3,500
Stock of parts	8,569	8,569
	12,069	12,069

6

Debtors

Current	2025 £	2024 £
Trade debtors	30,314	22,571
Prepayments	334	488
	30,648	23,059

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	18,668	16,849
Trade creditors		9,425	14,319
Taxation and social security		14,891	17,192
Accruals and deferred income		1,980	1,795
Other creditors		104	98
		45,068	50,253