Station Garage (Little Weighton) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04712075 (England and Wales)

Station Garage (Little Weighton) Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Almond

Mrs K Almond

REGISTERED OFFICE:

45 Rowley Road

Little Weighton

East Yorkshire

HU20 3XJ

REGISTERED NUMBER:

04712075 (England and Wales)

ACCOUNTANTS:

Smailes Goldie Limited

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

7,928

7,958

7,928

7,958

CURRENT ASSETS

Stocks

1,500

1,000

Debtors

6

9,579

7,965

Cash at bank and in hand

15,985

36,248

27,064

45,213

CREDITORS

Amounts falling due within one year

7

32,456

39,870

NET CURRENT (LIABILITIES)/ASSETS

(5,392

)

5,343

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,536

13,301

CREDITORS

Amounts falling due after more than one
year

8

(500

)

(3,500

)

PROVISIONS FOR LIABILITIES

(1,191

)

(1,704

)

NET ASSETS

845

8,097

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

843

8,095

SHAREHOLDERS' FUNDS

845

8,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 12th November 2025 and were signed on its behalf by:

C R Almond - Director

Mrs K Almond - Director

1.	STATUTORY INFORMATION

Station Garage (Little Weighton) 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.	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.

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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 15% 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 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.

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 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

6,500

AMORTISATION

At 1st April 2024

and 31st March 2025

6,500

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

68,872

Additions

3,045

At 31st March 2025

71,917

DEPRECIATION

At 1st April 2024

60,914

Charge for year

3,075

At 31st March 2025

63,989

NET BOOK VALUE

At 31st March 2025

7,928

At 31st March 2024

7,958

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

9,579

4,408

Other debtors

-

3,557

9,579

7,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,000

Trade creditors

9,509

16,667

Taxation and social security

13,409

17,200

Other creditors

6,538

3,003

32,456

39,870

Bank overdraft is secured by a personal guarantee by the directors for up to £15,000. In 2021 the company obtained finance through the government's Bounce-back Loan Scheme. The scheme provides a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loan.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

500

3,500

In 2021 the company obtained finance through the government's Bounce-back Loan Scheme. The scheme provides a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loan.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

'A' Ordinary Shares of £1 each

1

'B' Ordinary Shares of £1 each

1

2

10.	OTHER FINANCIAL COMMITMENTS

The company operates a defined contribution pension scheme for its emplyees. Included within other creditors are unpaid amounts due to the fund of £Nil (2024: £77).