REGISTERED NUMBER: 03716878 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Station Garage (Park Gate) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Kirkland

N Kirkland

REGISTERED OFFICE:

Park Gate Business Centre

116 Botley Road

Park Gate

Southampton

Hampshire

SO31 1FQ

REGISTERED NUMBER:

03716878 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Tangible assets

4

100,993

192,519

CURRENT ASSETS

Stocks

24,000

21,000

Debtors

5

103,787

77,464

Cash at bank and in hand

6,569

651

134,356

99,115

CREDITORS

Amounts falling due within one year

6

179,518

159,640

NET CURRENT LIABILITIES

(45,162

)

(60,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,831

131,994

CREDITORS

Amounts falling due after more than one year

7

(41,711

)

(47,963

)

PROVISIONS FOR LIABILITIES

(13,900

)

(18,244

)

NET ASSETS

220

65,787

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

-

65,567

SHAREHOLDERS' FUNDS

220

65,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

N Kirkland - Director

1.	STATUTORY INFORMATION

Station Garage (Park Gate) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

519,337

Additions

65,196

Disposals

(164,240

)

At 31 December 2025

420,293

DEPRECIATION

At 1 January 2025

326,818

Charge for year

25,169

Eliminated on disposal

(32,687

)

At 31 December 2025

319,300

NET BOOK VALUE

At 31 December 2025

100,993

At 31 December 2024

192,519

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

86,995

Additions

63,745

Disposals

(150,740

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

28,666

Charge for year

2,324

Eliminated on disposal

(30,990

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

58,329

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

5,706

6,560

Other debtors

88,448

61,271

94,154

67,831

Amounts falling due after more than one year:

Other debtors

9,633

9,633

Aggregate amounts

103,787

77,464

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

27,463

20,844

Hire purchase contracts

-

4,642

Trade creditors

63,848

44,873

Taxation and social security

63,369

72,330

Other creditors

24,838

16,951

179,518

159,640

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

41,711

-

Hire purchase contracts

-

47,963

41,711

47,963

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

-

52,605

The hire purchase and finance lease debt is secured on the assets concerned.

9.	OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £176,978 (2024 - £244,115) under non-cancellable operating leases.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

N Kirkland

Balance outstanding at start of year

27,840

33,478

Amounts advanced

22,735

-

Amounts repaid

-

(5,638

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,575

27,840

The above loan is repayable on demand and bears interest at the HMRC approved rate.