Registration number: SC754554

Blairgowrie Garage Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Blairgowrie Garage Ltd

(Registration number: SC754554)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	108,581	9,522
Current assets
Debtors	5	4,766	7,980
Cash at bank and in hand		22,523	52,656
		27,289	60,636
Creditors: Amounts falling due within one year	6	(68,067)	(63,809)
Net current liabilities		(40,778)	(3,173)
Total assets less current liabilities		67,803	6,349
Creditors: Amounts falling due after more than one year	6	(60,945)	-
Net assets		6,858	6,349
Capital and reserves
Called up share capital		2	2
Retained earnings		6,856	6,347
Shareholders' funds		6,858	6,349

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 6 October 2026 and signed on its behalf by:
 

......................................... Richard Cannon Director

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Blairgowrie Garage
19 Perth Street
Blairgowrie
PH10 6DQ
Scotland

These financial statements were authorised for issue by the Board on 6 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% Straight Line
Motor Vehicles	25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2025 - 1).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	-	10,801	2,200	13,001
Additions	98,535	2,694	-	101,229
At 31 January 2026	98,535	13,495	2,200	114,230
Depreciation
At 1 February 2025	-	2,654	825	3,479
Charge for the year	-	1,620	550	2,170
At 31 January 2026	-	4,274	1,375	5,649
Carrying amount
At 31 January 2026	98,535	9,221	825	108,581
At 31 January 2025	-	8,147	1,375	9,522

Included within the net book value of land and buildings above is £98,535 (2025 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Current	2026 £	2025 £
Trade debtors	4,336	7,980
Prepayments	430	-
	4,766	7,980

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	1,378	-
Trade creditors		8,301	6,752
Taxation and social security		16,146	22,544
Accruals and deferred income		2,330	1,800
Other creditors		39,912	32,713
		68,067	63,809

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	60,945	-

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	60,945	-

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,378	-

8

Dividends

Interim dividends paid

Blairgowrie Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

		2026 £		2025 £
Interim dividend of £21,748.38 (2025 - £35,849.56) per each Ordinary A		21,748		35,850
Interim dividend of £11,527.00 (2025 - £27,450.30) per each Ordinary B		11,527		27,450
		33,275		63,300