REGISTERED NUMBER: 06446209 (England and Wales)

Goldmartin Garage Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N Rogers

Mrs L Rogers

SECRETARY:

Mrs L Rogers

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

06446209 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

50,944

11,010

CURRENT ASSETS

Stocks

5

3,500

4,000

Debtors

6

3,842

8,683

Cash at bank and in hand

33,745

16,185

41,087

28,868

CREDITORS

Amounts falling due within one year

7

42,255

33,693

NET CURRENT LIABILITIES

(1,168

)

(4,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,776

6,185

CREDITORS

Amounts falling due after more than one year

8

(28,010

)

-

PROVISIONS FOR LIABILITIES

(7,944

)

(910

)

NET ASSETS

13,822

5,275

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,820

5,273

SHAREHOLDERS' FUNDS

13,822

5,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2nd September 2026 and were signed on its behalf by:

N Rogers - Director

1.	STATUTORY INFORMATION

Goldmartin Garage 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1st April 2025

1,691

6,441

35,495

Additions

-

2,770

19,554

Disposals

-

-

(265

)

At 31st March 2026

1,691

9,211

54,784

DEPRECIATION

At 1st April 2025

1,691

6,441

26,646

Charge for year

-

172

5,375

Eliminated on disposal

-

-

(265

)

At 31st March 2026

1,691

6,613

31,756

NET BOOK VALUE

At 31st March 2026

-

2,598

23,028

At 31st March 2025

-

-

8,849

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2025

5,067

790

49,484

Additions

30,510

-

52,834

Disposals

(1,600

)

-

(1,865

)

At 31st March 2026

33,977

790

100,453

DEPRECIATION

At 1st April 2025

2,906

790

38,474

Charge for year

7,155

-

12,702

Eliminated on disposal

(1,402

)

-

(1,667

)

At 31st March 2026

8,659

790

49,509

NET BOOK VALUE

At 31st March 2026

25,318

-

50,944

At 31st March 2025

2,161

-

11,010

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2025

15,778

-

15,778

Additions

-

29,760

29,760

Transfer to ownership

(15,778

)

-

(15,778

)

At 31st March 2026

-

29,760

29,760

DEPRECIATION

At 1st April 2025

12,897

-

12,897

Charge for year

-

7,440

7,440

Transfer to ownership

(12,897

)

-

(12,897

)

At 31st March 2026

-

7,440

7,440

NET BOOK VALUE

At 31st March 2026

-

22,320

22,320

At 31st March 2025

2,881

-

2,881

5.

STOCKS

2026

2025

£

£

Stocks

3,500

4,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,449

6,596

Other debtors

393

2,087

3,842

8,683

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,001

-

Hire purchase contracts (see note 9)

4,550

-

Trade creditors

27,624

22,008

Taxation and social security

4,790

8,831

Other creditors

2,290

2,854

42,255

33,693

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

6,737

-

Hire purchase contracts (see note 9)

21,273

-

28,010

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Gross obligations repayable:

Within one year

5,245

-

Between one and five years

22,336

-

27,581

-

Finance charges repayable:

Within one year

695

-

Between one and five years

1,063

-

1,758

-

Net obligations repayable:

Within one year

4,550

-

Between one and five years

21,273

-

25,823

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

N Rogers

Balance outstanding at start of year

390

-

Amounts advanced

-

390

Amounts repaid

(390

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

390