Hawkins Garages (Wem) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01014642 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2025 TO 30 JUNE 2026

FOR

HAWKINS GARAGES (WEM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J Hancocks

REGISTERED OFFICE:

Hawkins Motors

High Street

Wem

Shropshire

SY4 5DS

REGISTERED NUMBER:

01014642 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

5

-

418,810

CURRENT ASSETS

Stocks

-

324,553

Debtors

6

244,341

40,701

Cash at bank and in hand

367,912

16,712

612,253

381,966

CREDITORS

Amounts falling due within one year

7

87,320

251,770

NET CURRENT ASSETS

524,933

130,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

524,933

549,006

PROVISIONS FOR LIABILITIES

-

54,051

NET ASSETS

524,933

494,955

CAPITAL AND RESERVES

Called up share capital

21,400

Share premium

8

858

Retained earnings

8

502,675

472,697

SHAREHOLDERS' FUNDS

524,933

494,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2026 and were signed by:

J Hancocks - Director

1.	STATUTORY INFORMATION

Hawkins Garages (Wem) 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern

The financial statements have been prepared in accordance with Section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.

At the period end, the company ceased all trading activities and will remain dormant for trading purposes for the foreseeable future. Consequently, the directors have determined that the going concern basis of preparation is no longer appropriate. Accordingly, the financial statements have been prepared on a basis other than that of a going concern.

Assets are stated at their net realisable values, liabilities have been recorded at their expected settlement amounts. Where appropriate long term items have been reclassified as current where applicable.

No further adjustments were required as a result of this change in basis.

Turnover

Turnover represents net invoiced sales of goods and amounts for motor vehicle hires, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

varying rates between 10-50% on cost

Plant and machinery

-

at varying rates between 6-50% on cost

Fixtures and fittings

-

at varying rates between 10-50% on cost

Motor vehicles

-

are revalued by the directors at the end of each financial period with
depreciation charged to write off the difference in values, down to their
estimated realisable value.

Freehold property

-

is revalued by the directors at the end of each financial period with
depreciation charged to write off the difference in values, down to its
estimated realisable value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The net realisable value is determined using an independent vehicle database as a benchmark before the director uses his experience and judgement of the prevailing market conditions to establish a fair value of the vehicle. This is represented in the list price of the vehicles when they are made available for sale.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the period 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 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.

Pension costs and other post-retirement benefits

The company makes contributions to the directors personal pension schemes. Contributions payable to these schemes are charged to the profit and loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 January 2025

291,500

32,424

83,021

Additions

-

1,350

Disposals

(291,500

)

(32,424

)

(84,371

)

At 30 June 2026

-

DEPRECIATION

At 1 January 2025

-

32,424

79,821

Charge for period

-

781

Eliminated on disposal

-

(32,424

)

(80,602

)

At 30 June 2026

-

NET BOOK VALUE

At 30 June 2026

-

At 31 December 2024

291,500

-

3,200

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2025

6,477

156,385

569,807

Additions

-

1,350

Disposals

(6,477

)

(156,385

)

(571,157

)

At 30 June 2026

-

DEPRECIATION

At 1 January 2025

6,477

32,275

150,997

Charge for period

-

6,000

6,781

Eliminated on disposal

(6,477

)

(38,275

)

(157,778

)

At 30 June 2026

-

NET BOOK VALUE

At 30 June 2026

-

At 31 December 2024

-

124,110

418,810

The Company’s freehold land and buildings were professionally revalued at open market value during the year ended 31 December 2008 by Beresford Adams Commercial, Chartered Surveyors.

This value has been adopted as deemed cost of the assets concerned on transition to FRS102.

The comparable amounts for land and buildings at original cost were:

Cost

£47,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.12.24

£

Trade debtors

54

9,497

Other debtors

243,104

23,564

VAT

940

-

Prepayments and accrued income

243

7,640

244,341

40,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.12.24

£

Bank loans and overdrafts

349

-

Trade creditors

-

14,997

Corporation tax

75,723

27,088

Social security and other taxes

-

5,475

VAT

-

23,143

Other creditors

-

3,213

Directors' current accounts

-

170,000

Accrued expenses

11,248

7,854

87,320

251,770

8.

RESERVES

Included in retained earnings is £NIL (2024 - £159,003) of profits which are not available for distribution as they are unrealised gains on revaluations.

9.	PARENT COMPANY

The parent company is Hawk Asset Holdings Limited, registered in England and Wales. The registered office is at Hawkins Motor, High Street, Wem, Shropshire SY4 5DS.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hawkins Garages (Wem) Limited for the period ended 30 June 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hawkins Garages (Wem) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hawkins Garages (Wem) Limited and state those matters that we have agreed to state to the director of Hawkins Garages (Wem) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hawkins Garages (Wem) Limited and its director for our work or for this report.

It is your duty to ensure that Hawkins Garages (Wem) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hawkins Garages (Wem) Limited. You consider that Hawkins Garages (Wem) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hawkins Garages (Wem) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

6 October 2026