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REGISTERED NUMBER: 03653803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Rochfords Garages Limited

Rochfords Garages Limited (Registered number: 03653803)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rochfords Garages Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr M Rochford





SECRETARY: Mrs J A Rochford





REGISTERED OFFICE: Durham Road
Esh Winning
Durham
DH7 9NR





REGISTERED NUMBER: 03653803 (England and Wales)





ACCOUNTANTS: CM Sewell & Company
53 Welby Drive
Ushaw Moor
Durham
Co. Durham
DH7 7GA

Rochfords Garages Limited (Registered number: 03653803)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,867,337 1,926,663
2,867,337 1,926,663

CURRENT ASSETS
Stocks 60,000 60,000
Debtors 6 1,238,659 971,432
Cash at bank and in hand 275,844 194,993
1,574,503 1,226,425
CREDITORS
Amounts falling due within one year 7 1,146,711 959,370
NET CURRENT ASSETS 427,792 267,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,295,129

2,193,718

CREDITORS
Amounts falling due after more than one
year

8

(1,402,150

)

(846,009

)

PROVISIONS FOR LIABILITIES (287,354 ) (253,686 )
NET ASSETS 1,605,625 1,094,023

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,605,525 1,093,923
SHAREHOLDERS' FUNDS 1,605,625 1,094,023

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Rochfords Garages Limited (Registered number: 03653803)

Balance Sheet - continued
31 December 2022


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 28 February 2023 and were signed by:





Mr M Rochford - Director


Rochfords Garages Limited (Registered number: 03653803)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Rochfords 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost and 10% 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rochfords Garages Limited (Registered number: 03653803)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

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 74 (2021 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 2,000
AMORTISATION
At 1 January 2022
and 31 December 2022 2,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 332,897 2,616,283 2,949,180
Additions 88,026 1,425,726 1,513,752
Disposals - (113,593 ) (113,593 )
At 31 December 2022 420,923 3,928,416 4,349,339
DEPRECIATION
At 1 January 2022 - 1,022,517 1,022,517
Charge for year 17,799 469,324 487,123
Eliminated on disposal - (27,638 ) (27,638 )
At 31 December 2022 17,799 1,464,203 1,482,002
NET BOOK VALUE
At 31 December 2022 403,124 2,464,213 2,867,337
At 31 December 2021 332,897 1,593,766 1,926,663

Rochfords Garages Limited (Registered number: 03653803)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2022 1,513,418
Additions 1,258,398
Disposals (102,843 )
At 31 December 2022 2,668,973
DEPRECIATION
At 1 January 2022 408,133
Charge for year 323,652
Eliminated on disposal (20,023 )
At 31 December 2022 711,762
NET BOOK VALUE
At 31 December 2022 1,957,211
At 31 December 2021 1,105,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 1,188,882 929,966
Other debtors 49,777 41,466
1,238,659 971,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 38,746 68,787
Hire purchase contracts 431,791 239,948
Trade creditors 365,556 328,541
Taxation and social security 206,679 186,302
Other creditors 103,939 135,792
1,146,711 959,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 170,788 192,067
Hire purchase contracts 1,097,753 555,199
Other creditors 133,609 98,743
1,402,150 846,009

Rochfords Garages Limited (Registered number: 03653803)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.22 31.12.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 110,168 111,461

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Bank overdrafts 17,192 46,652
Bank loans 192,342 214,202
Hire purchase contracts 1,529,544 795,147
1,739,078 1,056,001