RSG_Garage_Services_Ltd_31_Mar_2026_companies_house_set_of

RSG Garage Services Ltd

Report of the Accountant to the director of RSG Garage Services Ltd

Year ended

31 March 2026

These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended

31 March 2026

I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.

On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Benford Accountancy Ltd

FMAAT

BizSpace

Courtwick Lane

Littlehampton

West Sussex

BN17 7TL

United Kingdom

RSG Garage Services Ltd

Income Statement

Year ended

31 March 2026

		2026		2025
	Note	£		£
Turnover		140,216		148,225
Cost of sales		(53,285	)	(45,793	)
Gross profit		86,931		102,432
Administrative expenses		(109,335	)	(102,698	)
Operating loss		(22,404	)	(266	)
Loss before tax	4	(22,404	)	(266	)
Tax on loss		-		(1,199	)
Loss for the financial year		(22,404	)	(1,465	)

The company has no other recognised items of income or expense other than the results for the year as set out above.

RSG Garage Services Ltd

Statement of Financial Position

31 March 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	6	8,235		10,981
Current assets
Stocks		-		3,000
Cash at bank and in hand		23,846		33,280
		23,846		36,280
Creditors: amounts falling due within one year	7	(26,788	)	(19,564	)
Net current (liabilities)/assets		(2,942	)	16,716
Total assets less current liabilities		5,293		27,697
Capital and reserves
Called up share capital		100		100
Profit and loss account		5,193		27,597
Shareholders funds		5,293		27,697

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These

financial statements

were approved by the board of directors and authorised for issue on

12 August 2026

, and are signed on behalf of the board by:

Timothy Crofton

Director

Company registration number:

10092376

RSG Garage Services Ltd

Notes to the Financial Statements

Year ended

31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

C/o Benford Accountancy Ltd

BizSpace. Courtwick Lane

Littlehampton

West Sussex

BN17 7TL

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Loss before tax

Loss before tax is stated after charging/(crediting):

	2026		2025
	£		£
Depreciation of tangible assets	2,746		5,204

5 Average number of employees

The average number of persons employed by the company during the year was

(2025:

3.00

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2025 and 31 March 2026	48,397
Depreciation
At 1 April 2025	37,416
Charge	2,746
At 31 March 2026	40,162
Carrying amount
At 31 March 2026	8,235
At 31 March 2025	10,981

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	419	4,363
Trade creditors	2,262	2,335
Taxation and social security	2,501	45
Other creditors	21,606	12,821
	26,788	19,564

Directors

Small company provisions

1 General information

2 Statement of compliance

3 Accounting policies

Basis of preparation

Turnover

Current tax

Tangible assets

Impairment

Stocks

Financial instruments

Defined contribution pension plan

4 Loss before tax

5 Average number of employees

6 Tangible assets

7 Creditors: amounts falling due within one year

Accountant	Benford Accountancy Ltd
	FMAAT
	BizSpace Courtwick Lane Littlehampton West Sussex BN17 7TL United Kingdom