REGISTERED NUMBER: 04934055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

G WILLIAMSON GARAGES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Nicholson

REGISTERED OFFICE:

Unit 84

Pexton Road

Kelleythorpe Industrial Estate

Driffield

East Yorkshire

YO25 9DJ

REGISTERED NUMBER:

04934055 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Intangible assets

4

-

500

Tangible assets

5

33,311

36,979

33,311

37,479

CURRENT ASSETS

Stocks

137,831

129,052

Debtors

6

25,048

17,155

Cash at bank and in hand

182,178

189,448

345,057

335,655

CREDITORS

Amounts falling due within one year

7

94,705

96,139

NET CURRENT ASSETS

250,352

239,516

TOTAL ASSETS LESS CURRENT LIABILITIES

283,663

276,995

CREDITORS

Amounts falling due after more than one year

8

16,653

26,153

NET ASSETS

267,010

250,842

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

9

223,726

223,726

Retained earnings

9

43,184

27,016

SHAREHOLDERS' FUNDS

267,010

250,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 March 2025 and were signed by:

N J Nicholson - Director

1.	STATUTORY INFORMATION

G Williamson Garages 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets

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

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

10,000

AMORTISATION

At 1 March 2024

9,500

Charge for year

500

At 28 February 2025

10,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

500

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2024

4,931

124,079

6,433

Additions

-

2,043

499

At 28 February 2025

4,931

126,122

6,932

DEPRECIATION

At 1 March 2024

3,156

99,194

3,640

Charge for year

89

4,672

539

At 28 February 2025

3,245

103,866

4,179

NET BOOK VALUE

At 28 February 2025

1,686

22,256

2,753

At 29 February 2024

1,775

24,885

2,793

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

17,135

15,466

168,044

Additions

-

1,294

3,836

At 28 February 2025

17,135

16,760

171,880

DEPRECIATION

At 1 March 2024

10,446

14,629

131,065

Charge for year

1,672

532

7,504

At 28 February 2025

12,118

15,161

138,569

NET BOOK VALUE

At 28 February 2025

5,017

1,599

33,311

At 29 February 2024

6,689

837

36,979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,035

10,557

Other debtors

6,013

6,598

25,048

17,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

369

2,868

Trade creditors

26,991

30,612

Taxation and social security

20,025

13,446

Other creditors

47,320

49,213

94,705

96,139

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

16,653

26,153

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 March 2024

27,016

223,726

250,742

Profit for the year

26,168

26,168

Dividends

(10,000

)

(10,000

)

At 28 February 2025

43,184

223,726

266,910

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY