Peter Baker Auto Repairs Ltd - Filleted accounts

Registered number

04483525

Peter Baker Auto Repairs Ltd

Filleted Accounts

31 March 2026

Peter Baker Auto Repairs Ltd
Registered number:		04483525
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		75,385			82,885
Tangible assets	4		12,206			12,429
			87,591			95,314

Current assets
Stocks		2,000			2,000
Debtors	5	4,611			6,777
Cash at bank and in hand		47,598			20,254
		54,209			29,031

Creditors: amounts falling due within one year	6	(140,909)			(137,718)

Net current liabilities			(86,700)			(108,687)

Net assets/(liabilities)			891			(13,373)

Capital and reserves
Called up share capital			100			100
Profit and loss account			791			(13,473)

Shareholders' funds			891			(13,373)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



C Baker
Director
Approved by the board on 22 September 2026

Peter Baker Auto Repairs Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			10% straight line
	Plant and machinery			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							150,385
	At 31 March 2026							150,385

	Amortisation
	At 1 April 2025							67,500
	Provided during the year							7,500
	At 31 March 2026							75,000

	Net book value
	At 31 March 2026							75,385
	At 31 March 2025							82,885

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	3,796		63,782		6,125		73,703
	Additions	-		4,053		-		4,053
	At 31 March 2026	3,796		67,835		6,125		77,756

	Depreciation
	At 1 April 2025	2,061		54,776		4,437		61,274
	Charge for the year	379		3,475		422		4,276
	At 31 March 2026	2,440		58,251		4,859		65,550

	Net book value
	At 31 March 2026	1,356		9,584		1,266		12,206
	At 31 March 2025	1,735		9,006		1,688		12,429


5	Debtors					2026		2025
£							£

	Trade debtors					4,207		6,777
	Other debtors					404		-
						4,611		6,777


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					3,529		3,179
	Taxation and social security costs					4,693		1,912
	Other creditors					132,687		132,627
						140,909		137,718


7	Other information

	Peter Baker Auto Repairs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Midways
	Freezeland Lane
	Bexhill on Sea
	East Sussex
	TN39 5JD