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REGISTERED NUMBER: 00693586 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

EXCHANGE GARAGE (LONG SUTTON) LIMITED

EXCHANGE GARAGE (LONG SUTTON) LIMITED (REGISTERED NUMBER: 00693586)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXCHANGE GARAGE (LONG SUTTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mrs A Tear





SECRETARY: Mrs A Tear





REGISTERED OFFICE: The Garage
Long Sutton
Spalding
Lincolnshire
PE12 9DE





REGISTERED NUMBER: 00693586 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

EXCHANGE GARAGE (LONG SUTTON) LIMITED (REGISTERED NUMBER: 00693586)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 493 660

CURRENT ASSETS
Debtors 5 4,564 3,900
Cash at bank 223,586 228,592
228,150 232,492
CREDITORS
Amounts falling due within one year 6 1,634 1,501
NET CURRENT ASSETS 226,516 230,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,009

231,651

CAPITAL AND RESERVES
Called up share capital 14,602 14,602
Capital redemption reserve 4,400 4,400
Retained earnings 208,007 212,649
SHAREHOLDERS' FUNDS 227,009 231,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 13 September 2022 and were signed by:





Mrs A Tear - Director


EXCHANGE GARAGE (LONG SUTTON) LIMITED (REGISTERED NUMBER: 00693586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Exchange Garage (Long Sutton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director believes that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 25,001 101,151 126,152
DEPRECIATION
At 1 April 2021 25,001 100,491 125,492
Charge for year - 167 167
At 31 March 2022 25,001 100,658 125,659
NET BOOK VALUE
At 31 March 2022 - 493 493
At 31 March 2021 - 660 660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 4,564 3,900

EXCHANGE GARAGE (LONG SUTTON) LIMITED (REGISTERED NUMBER: 00693586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other creditors 1,634 1,501

7. RELATED PARTY DISCLOSURES

During the year, rent of £120 (2021 - £120) was paid to D Tear.