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Registered number: 10674187
N. L. Services Garage Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
JENNIFER M RICHARDSON LIMITED
32 Station Road
Rainham
Gillingham
Kent
ME8 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10674187
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,864 29,830
23,864 29,830
CURRENT ASSETS
Debtors 5 4,958 3,717
Cash at bank and in hand 218,718 216,146
223,676 219,863
Creditors: Amounts Falling Due Within One Year 6 (40,014 ) (44,054 )
NET CURRENT ASSETS (LIABILITIES) 183,662 175,809
TOTAL ASSETS LESS CURRENT LIABILITIES 207,526 205,639
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,500 ) (6,500 )
NET ASSETS 201,026 199,139
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 200,926 199,039
SHAREHOLDERS' FUNDS 201,026 199,139
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathaniel Lilley
Director
06/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
N. L. Services Garage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10674187 . The registered office is Prentis Quay, Gas Road, Sittingbourne, Kent, ME10 2QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% of the reducing balance
Motor Vehicles 20% of the reducing balance
Fixtures & Fittings 20% of the reducing balance
Computer Equipment 20% of the reducing balance
2.4. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 27,600 25,583 11,331 600 65,114
As at 31 March 2026 27,600 25,583 11,331 600 65,114
Depreciation
As at 1 April 2025 14,710 13,750 6,329 495 35,284
Provided during the period 2,578 2,367 1,000 21 5,966
As at 31 March 2026 17,288 16,117 7,329 516 41,250
Net Book Value
As at 31 March 2026 10,312 9,466 4,002 84 23,864
As at 1 April 2025 12,890 11,833 5,002 105 29,830
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 1,743 844
Prepayments and accrued income 3,215 -
Other debtors - 2,873
4,958 3,717
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 12,096 8,372
Corporation tax 11,951 18,431
Other taxes and social security 2,697 2,640
VAT 7,641 10,528
Other creditors 5,629 4,083
40,014 44,054
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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