REGISTERED NUMBER: 06476826 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

MALVERN GARAGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

S J Churchill

E U Churchill

SECRETARY:

E U Churchill

REGISTERED OFFICE:

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

REGISTERED NUMBER:

06476826 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Intangible assets

4

66,000

84,000

Tangible assets

5

98,790

91,780

164,790

175,780

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

6

176,496

216,901

Cash at bank and in hand

47,917

79,037

226,413

297,938

CREDITORS

Amounts falling due within one year

7

173,351

150,342

NET CURRENT ASSETS

53,062

147,596

TOTAL ASSETS LESS CURRENT LIABILITIES

217,852

323,376

CREDITORS

Amounts falling due after more than one year

8

(18,644

)

(24,523

)

PROVISIONS FOR LIABILITIES

(17,499

)

(15,344

)

NET ASSETS

181,709

283,509

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

181,707

283,507

SHAREHOLDERS' FUNDS

181,709

283,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

S J Churchill - Director

1.	STATUTORY INFORMATION

Malvern Garage Ltd 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.	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 services provided during the year exclusive of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Fixed assets are initially recorded at 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 Statement of Income and Retained Earnings, 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.

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 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 June 2025

and 31 May 2026

480,000

9,070

489,070

AMORTISATION

At 1 June 2025

396,000

9,070

405,070

Amortisation for year

18,000

-

18,000

At 31 May 2026

414,000

9,070

423,070

NET BOOK VALUE

At 31 May 2026

66,000

-

66,000

At 31 May 2025

84,000

-

84,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2025

33,013

199,423

20,189

Additions

2,590

2,737

1,985

At 31 May 2026

35,603

202,160

22,174

DEPRECIATION

At 1 June 2025

12,221

169,760

17,271

Charge for year

3,560

10,452

1,856

At 31 May 2026

15,781

180,212

19,127

NET BOOK VALUE

At 31 May 2026

19,822

21,948

3,047

At 31 May 2025

20,792

29,663

2,918

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

78,071

20,494

351,190

Additions

32,157

-

39,469

At 31 May 2026

110,228

20,494

390,659

DEPRECIATION

At 1 June 2025

40,411

19,747

259,410

Charge for year

15,844

747

32,459

At 31 May 2026

56,255

20,494

291,869

NET BOOK VALUE

At 31 May 2026

53,973

-

98,790

At 31 May 2025

37,660

747

91,780

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

Motor

vehicles

£

COST

At 1 June 2025

47,073

Additions

16,987

At 31 May 2026

64,060

DEPRECIATION

At 1 June 2025

9,413

Charge for year

12,810

At 31 May 2026

22,223

NET BOOK VALUE

At 31 May 2026

41,837

At 31 May 2025

37,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

19,009

9,516

Other debtors

157,487

207,385

176,496

216,901

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

21,552

15,196

Trade creditors

56,480

32,644

Taxation and social security

90,174

90,251

Other creditors

5,145

2,251

173,351

150,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

18,644

24,523

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

40,196

39,719

The hire purchase loan is secured against the vehicle to which the agreement relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

A Ordinary

£1

2

1

1

B Ordinary

£1

2

1

4

2

11.	RELATED PARTY DISCLOSURES

S J Churchill Ltd

A company under common control.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from S J Churchill Ltd at the balance sheet date was £147,111 (2025 - £164,111).

Bickerley Garage Ringwood Ltd

A company in which Mr Churchill was the sole director and shareholder until 18 March 2026.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due from Bickerley Garage Ringwood Ltd at the balance sheet date was £nil (2025 - £36,000).

The following reproduces the text of the report prepared for the directors 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 Directors 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 Malvern Garage Ltd for the year ended 31 May 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Board of Directors of Malvern Garage Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Malvern Garage Ltd and state those matters that we have agreed to state to the Board of Directors of Malvern Garage Ltd, as a body, 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 Malvern Garage Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Malvern Garage Ltd 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 Malvern Garage Ltd. You consider that Malvern Garage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Malvern Garage Ltd. 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.

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

9 October 2026