Company registration number: 09792419
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Loveridge's Garage Limited
Pages for filing with the Registrar
Company registration number: 09792419
Loveridge's Garage Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 120,984 104,684
120,984 104,684
Current assets
Stocks 4,000 4,000
Debtors 4,554 13,301
Cash at bank and in hand 54,637 77,889
63,191 95,190
Creditors: amounts falling due within one year
(45,662) (41,908)
Net current assets 17,529 53,282
Total assets less current liabilities 138,513 157,966
NET ASSETS 138,513 157,966
Capital and reserves
Called up share capital 10 10
Profit and loss account 138,503 157,956
TOTAL EQUITY 138,513 157,966
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 09792419
Loveridge's Garage Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr S Loveridge, Director
4 November 2026
2
Loveridge's Garage Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Loveridge's Garage Limited is a private company registered in England and Wales. Its registered number is 09792419. The company is limited by shares. Its registered office is 157 High Street, Cinderford, Gloucestershire, United Kingdom, GL14 2TF. Its principal place of business is 157 High Street, Cinderford, Gloucestershire, GL14 2TF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
3
Loveridge's Garage Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
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.
Land and buildings:
Freehold property - 4% straight line
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line
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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2025 - 4).
4 Intangible assets
Goodwill
£
Cost
At 1 April 2025 29,250
At 31 March 2026 29,250
4
Loveridge's Garage Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Intangible assets - continued
Amortisation
At 1 April 2025 29,250
At 31 March 2026 29,250
Net book value
At 31 March 2026 -
At 31 March 2025 -
5 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 April 2025 90,000 143,555 233,555
Additions - 40,309 40,309
At 31 March 2026 90,000 183,864 273,864
Depreciation
At 1 April 2025 26,100 102,771 128,871
Charge for year 3,600 20,409 24,009
At 31 March 2026 29,700 123,180 152,880
Net book value
At 31 March 2026 60,300 60,684 120,984
At 31 March 2025 63,900 40,784 104,684
5