REGISTERED NUMBER: 04655696 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Smithy Garage (Leek) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

36,403

32,032

CURRENT ASSETS

Stocks

5,030

5,856

Debtors

5

12,050

9,211

Cash at bank and in hand

20,417

26,528

37,497

41,595

CREDITORS

Amounts falling due within one year

6

17,262

17,828

NET CURRENT ASSETS

20,235

23,767

TOTAL ASSETS LESS CURRENT LIABILITIES

56,638

55,799

CREDITORS

Amounts falling due after more than one year

7

(41,957

)

(42,365

)

PROVISIONS FOR LIABILITIES

(3,663

)

(1,950

)

NET ASSETS

11,018

11,484

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,918

11,384

SHAREHOLDERS' FUNDS

11,018

11,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

Mrs D Wain - Director

Mr A G Wain - Director

1.	STATUTORY INFORMATION

Smithy Garage (Leek) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04655696

Registered office:

Smithy Garage

Bottomhouse

Leek

Staffordshire

ST13 7QJ

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Turnover also includes the elements of work completed but not yet invoiced on services contracts.

Tangible fixed assets

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

Property improvements

-

5% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Office Equipment

-

25% on cost

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 Profit and loss account, 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.

Pension costs and other post-retirement benefits

Contributions payable to the employee'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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Property

Plant and

Motor

Office

improvements

machinery

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

99,587

102,079

7,500

10,251

219,417

Additions

-

12,500

-

-

12,500

At 31 March 2026

99,587

114,579

7,500

10,251

231,917

DEPRECIATION

At 1 April 2025

76,642

93,830

7,500

9,413

187,385

Charge for year

4,853

2,947

-

329

8,129

At 31 March 2026

81,495

96,777

7,500

9,742

195,514

NET BOOK VALUE

At 31 March 2026

18,092

17,802

-

509

36,403

At 31 March 2025

22,945

8,249

-

838

32,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,315

4,531

Other debtors

4,735

4,680

12,050

9,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

6,053

6,681

Taxation and social security

8,462

7,039

Other creditors

2,747

4,108

17,262

17,828

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

41,957

42,365

8.	OTHER FINANCIAL COMMITMENTS

The company had a commitment under a non-cancellable operating lease at 31st March 2026 to £13,284. This commitment represents the total amount of payments due on the lease ending in February 2032.