Bromley Garage Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Bromley Garage Services Limited

Company Information

Directors

Mr PG Bromley Miss LC Bromley

Registered office

Poplar Lane Winnersh Wokingham Berkshire RG41 5JR

Accountants

Grays Accountants Ltd

Bromley Garage Services Limited

(Registration number: 02996001)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	32,859	37,140
Current assets
Stocks	5	18,800	18,800
Debtors	6	92,722	104,694
Cash at bank and in hand		100,858	143,143
		212,380	266,637
Creditors: Amounts falling due within one year	7	(135,463)	(189,682)
Net current assets		76,917	76,955
Total assets less current liabilities		109,776	114,095
Creditors: Amounts falling due after more than one year	7	(9,333)	(13,333)
Net assets		100,443	100,762
Capital and reserves
Called up share capital		100,000	100,000
Retained earnings		443	762
Shareholders' funds		100,443	100,762

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

......................................... Mr PG Bromley Director

......................................... Miss LC Bromley Director

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Poplar Lane
Winnersh
Wokingham
Berkshire
RG41 5JR

These financial statements were authorised for issue by the Board on 17 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% on cost
Plant and machinery	25% reducing balance
Fixtures and fittings	15% reducing balance
Office equipment	15% reducing balance
Motor vehicles	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 13).

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 July 2024	54,941	84,223	108,784	9,362
At 30 June 2025	54,941	84,223	108,784	9,362
Depreciation
At 1 July 2024	28,573	84,223	107,437	9,362
Charge for the year	1,099	-	1,347	-
At 30 June 2025	29,672	84,223	108,784	9,362
Carrying amount
At 30 June 2025	25,269	-	-	-
At 30 June 2024	26,368	-	1,347	-

	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	41,648	298,958
At 30 June 2025	41,648	298,958
Depreciation
At 1 July 2024	32,223	261,818
Charge for the year	1,835	4,281
At 30 June 2025	34,058	266,099
Carrying amount
At 30 June 2025	7,590	32,859
At 30 June 2024	9,425	37,140

Included within the net book value of land and buildings above is £25,269 (2024 - £26,368) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	18,800	18,800

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	69,161	83,743
Prepayments	1,029	419
Other debtors	22,532	20,532
	92,722	104,694

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		4,000	4,000
Trade creditors		61,367	107,335
Taxation and social security		62,644	70,370
Accruals and deferred income		7,452	7,977
		135,463	189,682

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		9,333	13,333

8	Related party transactions

Mr. P.G. Bromley and Miss L.C. Bromley are jointly the controlling and ultimate controlling party.

Transactions with directors

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Mr PG Bromley
Loans advanced in year	10,266	11,266	(10,266)	11,266
Miss LC Bromley
Loans advanced in year	10,266	11,266	(10,266)	11,266

Bromley Garage Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

2024	At 1 July 2023 £	Advances to director £	Repayments by director £	At 30 June 2024 £
Mr PG Bromley
Loans advanced in year	8,340	10,266	(8,340)	10,266
Miss LC Bromley
Loans advanced in year	8,340	10,266	(8,340)	10,266