Company No: 01344292 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Tangible assets	3	672,691		726,633
		672,691		726,633
Current assets
Stocks		130,192		25,000
Debtors	4	469,937		288,109
Cash at bank and in hand		155,470		249,851
		755,599		562,960
Creditors: amounts falling due within one year	5	( 465,408)		( 365,171)
Net current assets		290,191		197,789
Total assets less current liabilities		962,882		924,422
Creditors: amounts falling due after more than one year	6	( 175,939)		( 190,736)
Provision for liabilities		( 53,023)		( 65,919)
Net assets		733,920		667,767
Capital and reserves
Called-up share capital	7	400		400
Profit and loss account		733,520		667,367
Total shareholder's funds		733,920		667,767

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Turnpike Garage (Melksham) Limited (registered number: 01344292) were approved and authorised for issue by the Board of Directors on 07 September 2026. They were signed on its behalf by:

B T Johnson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Turnpike Garage (Melksham) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Devizes Road, Bowerhill, Melksham, SN12 6RE, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The prior period length has been shortened from 31 May 2025 to 31 March 2025 to bring the year end in line with associated companies. Therefore, the current financial information is not directly comparable to the prior period.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance
Fixtures and fittings	15 % reducing balance
Computer equipment	20 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Year ended 31.03.2026		Period from 01.06.2024 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		9

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	541,097		368,219		47,136		9,155		965,607
Additions	0		0		0		503		503
At 31 March 2026	541,097		368,219		47,136		9,658		966,110
Accumulated depreciation
At 01 April 2025	36,787		164,236		29,629		8,322		238,974
Charge for the financial year	10,822		40,797		2,626		200		54,445
At 31 March 2026	47,609		205,033		32,255		8,522		293,419
Net book value
At 31 March 2026	493,488		163,186		14,881		1,136		672,691
At 31 March 2025	504,310		203,983		17,507		833		726,633

4. Debtors

	31.03.2026		31.03.2025
	£		£
Trade debtors	99,241		16,876
Amounts owed by Group undertakings	111,902		60,000
Amounts owed by connected companies	256,113		209,988
Prepayments	1,245		1,245
Other debtors	1,436		0
	469,937		288,109

5. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Bank loans	16,013		18,140
Trade creditors	241,126		190,938
Amounts owed to directors	74,651		77,301
Accruals and deferred income	15,570		15,573
Taxation and social security	117,249		62,653
Other creditors	799		566
	465,408		365,171

Bank loans are secured by charges over certain assets of the company.

6. Creditors: amounts falling due after more than one year

	31.03.2026		31.03.2025
	£		£
Bank loans	175,939		190,736

Bank loans are secured by charges over certain assets of the company.

7. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
400 Ordinary shares of £ 1.00 each	400		400

8. Related party transactions

Transactions with the entity's directors

	31.03.2026		31.03.2025
	£		£
Amounts owed to directors	74,651		77,301

The amounts owed to the directors have no fixed date for repayment and interest is not being charged.