REGISTERED NUMBER: 04744709 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

G & M AUTO REPAIRS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M P Williams

SECRETARY:

Mrs L M Harrison

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Unit 7 & 8 Elmsfield Farm Industrial Est

Worcester Road

CHIPPING NORTON

Oxfordshire

OX7 5XS

REGISTERED NUMBER:

04744709 (England and Wales)

ACCOUNTANTS:

Bronsens Accountants Limited

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,252

22,946

19,252

22,946

CURRENT ASSETS

Stocks

3,025

3,000

Debtors

6

17,598

15,358

Cash at bank and in hand

339,092

311,122

359,715

329,480

CREDITORS

Amounts falling due within one year

7

212,565

233,898

NET CURRENT ASSETS

147,150

95,582

TOTAL ASSETS LESS CURRENT LIABILITIES

166,402

118,528

PROVISIONS FOR LIABILITIES

9

4,053

4,852

NET ASSETS

162,349

113,676

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

162,149

113,476

SHAREHOLDERS' FUNDS

162,349

113,676

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 director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2026 and were signed by:

Mr M P Williams - Director

1.	STATUTORY INFORMATION

G & M Auto Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised fully over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

The company operates a defined contribution pension scheme. Contributions payable to the company'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 7 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

and 31 March 2026

100,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

116,324

371

9,958

7,394

134,047

Additions

1,225

-

-

179

1,404

At 31 March 2026

117,549

371

9,958

7,573

135,451

DEPRECIATION

At 1 April 2025

95,285

367

8,502

6,947

111,101

Charge for year

4,452

1

364

281

5,098

At 31 March 2026

99,737

368

8,866

7,228

116,199

NET BOOK VALUE

At 31 March 2026

17,812

3

1,092

345

19,252

At 31 March 2025

21,039

4

1,456

447

22,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

10,254

8,448

Prepayments

7,344

6,910

17,598

15,358

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

28,717

22,490

Tax

63,640

51,072

Social security and other taxes

5,062

3,253

VAT

23,576

19,165

Other creditors

1,626

2,358

Directors' current accounts

85,620

131,481

Accrued expenses

4,324

4,079

212,565

233,898

8.	LEASING AGREEMENTS

Total future lease commitments payable under non-cancellable operating leases amount to £6,111 (2025 £nil).

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

4,053

4,852

Deferred

tax

£

Balance at 1 April 2025

4,852

Provided during year

(799

)

Movement

Balance at 31 March 2026

4,053

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

50

Ordinary

£1

50

100

(31.3.25 - 100 )

100

Ordinary B

£1

100

100

50

Ordinary C

£1

50

-

200

200