Registration number: 05953247

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

Company Information

Director

Mr Peter Nigel Shapley

Registered office

Milton Farm East Ogwell NEWTON ABBOT Devon, United Kingdom Devon TQ12 6AT

Accountants

Abacus Business Management Limited 21 Castlewood Avenue Highweek NEWTON ABBOT Devon TQ12 1NX

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dolbear's Garage Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dolbear's Garage Limited for the year ended 31 March 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

Although not a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), wherever possible we have carried out this engagement in accordance with its ethical and other professional requirements.

This report is made solely to the Board of Directors of Dolbear's Garage Limited, as a body, in accordance with the terms of our engagement letter dated 20 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of Dolbear's Garage Limited and state those matters that we have agreed to state to the Board of Directors of Dolbear's Garage Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dolbear's Garage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dolbear's Garage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dolbear's Garage Limited. You consider that Dolbear's Garage Limited 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 accounts of Dolbear's Garage Limited. 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 accounts.

......................................

Abacus Business Management Limited
21 Castlewood Avenue
Highweek
NEWTON ABBOT
Devon
TQ12 1NX

30 October 2025

(Registration number: 05953247)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	74,973	79,619
Current assets
Stocks	6	12,061	15,051
Debtors	7	563,496	405,703
Cash at bank and in hand		172,786	278,352
		748,343	699,106
Creditors: Amounts falling due within one year	8	(132,874)	(102,421)
Net current assets		615,469	596,685
Total assets less current liabilities		690,442	676,304
Creditors: Amounts falling due after more than one year	8	(1,682)	(11,695)
Net assets		688,760	664,609
Capital and reserves
Called up share capital	9	9	2
Retained earnings		688,751	664,607
Shareholders' funds		688,760	664,609

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2025
 

......................................... Mr Peter Nigel Shapley Director

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Milton Farm
East Ogwell
NEWTON ABBOT
Devon, United Kingdom
Devon
TQ12 6AT
United Kingdom

These financial statements were authorised for issue by the director on 30 October 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.

Going concern

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.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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
Plant and equipment	15% on written down value
Motor vehicles	20% on written down value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	6.67% on straight line basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 5 (2024 - 4).

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	225,000	225,000
At 31 March 2025	225,000	225,000
Amortisation
At 1 April 2024	225,000	225,000
At 31 March 2025	225,000	225,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Motor vehicles  £	Plant and equipment £	Total £
Cost or valuation
At 1 April 2024	60,400	185,333	245,733
Additions	-	9,867	9,867
At 31 March 2025	60,400	195,200	255,600
Depreciation
At 1 April 2024	38,604	127,510	166,114
Charge for the year	4,359	10,154	14,513
At 31 March 2025	42,963	137,664	180,627
Carrying amount
At 31 March 2025	17,437	57,536	74,973
At 31 March 2024	21,796	57,823	79,619

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Raw materials and consumables	12,061	15,051

7

Debtors

Current	2025 £	2024 £
Trade debtors	10,089	11,279
Prepayments	12,733	8,146
Other debtors	540,674	386,278
	563,496	405,703

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	10,000	10,000
Trade creditors		46,005	31,178
Amounts due to related parties		25,568	-
Taxation and social security		41,969	50,365
Accruals and deferred income		219	143
Other creditors		9,113	10,735
		132,874	102,421

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	1,682	11,695

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary GBP1.00 of £1 each	1	1	1	1
Redeemable GBP1.00 of £1 each	8	8	1	1
	9	9	2	2

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,682	11,695

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000

Bank borrowings

Barclays Bank Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 14 May 2026. The carrying amount at year end is £11,667 (2024 - £21,695).

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	928	-
Later than one year and not later than five years	2,863	-
	3,791	-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £851 (2024 - £Nil).

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £5,000.00 (2024 - £4,950.00) per each Ordinary GBP1.00		5,000		4,950
Final dividend of £Nil per each Redeemable GBP1.00		-		-
		5,000		4,950

Interim dividends paid

		2025 £		2024 £
Interim dividend of £10,500.00 (2024 - £10,000.00) per each Ordinary GBP1.00		10,500		10,000
Interim dividend of £5,000.00 per each Redeemable GBP1.00		40,000		5,000
		50,500		15,000

Recommended final dividends paid and not recognised in the accounts

The director is recommending the following final dividends:

£5,000.00 per each Ordinary GBP1.00 share totalling £5,000 (2024 - £5,000.00)

£- per each Redeemable GBP1.00 share totalling £- (2024 - £-)

These dividends have not been accrued in the balance sheet.