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REGISTERED NUMBER: 03946644 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Select Garage Doors Limited

Select Garage Doors Limited (Registered number: 03946644)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Select Garage Doors Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Mrs Susan Gibson
Mr Andrew Mark Gibson
Mr Christopher Paul Gibson



SECRETARY: Mrs Susan Gibson



REGISTERED OFFICE: Unit 20
Oakhill Trading Estate
Devonshire Road
Worsley
M28 3PT



REGISTERED NUMBER: 03946644 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank Plc

Select Garage Doors Limited (Registered number: 03946644)

Abridged Balance Sheet
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,913 83,479

CURRENT ASSETS
Stocks 50,000 45,000
Debtors 312,633 264,270
Cash at bank and in hand 129,877 96,644
492,510 405,914
CREDITORS
Amounts falling due within one year 194,301 171,982
NET CURRENT ASSETS 298,209 233,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,122

317,411

PROVISIONS FOR LIABILITIES 5 10,985 9,383
NET ASSETS 379,137 308,028

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 379,037 307,928
SHAREHOLDERS' FUNDS 379,137 308,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

Select Garage Doors Limited (Registered number: 03946644)

Abridged Balance Sheet - continued
30 April 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2022 and were signed on its behalf by:





Mrs Susan Gibson - Director


Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Select Garage Doors 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.

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 - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% 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.

Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2021 205,617
Additions 36,168
Disposals (47,880 )
At 30 April 2022 193,905
DEPRECIATION
At 1 May 2021 122,138
Charge for year 27,734
Eliminated on disposal (47,880 )
At 30 April 2022 101,992
NET BOOK VALUE
At 30 April 2022 91,913
At 30 April 2021 83,479

5. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Capital allowances in excess of
depreciation

10,985

9,383

Deferred
tax
£   
Balance at 1 May 2021 9,383
Provided during year 1,602
Balance at 30 April 2022 10,985

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. ULTIMATE PARENT COMPANY

G A & S Holdings Ltd is regarded by the directors as being the company's ultimate parent company.