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REGISTERED NUMBER: 05622974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BOSWORTH GARAGE LIMITED

BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)






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


BOSWORTH GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: L A Gower





REGISTERED OFFICE: 33 Coton Road
Nuneaton
Warwickshire
CV11 5TW





REGISTERED NUMBER: 05622974 (England and Wales)





ACCOUNTANTS: Ades Askews
33 Coton Road
Nuneaton
Warwickshire
CV11 5TW

BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 6,000
Tangible assets 5 1,300 1,733
Investments 6 56,150 56,150
61,950 63,883

CURRENT ASSETS
Stocks 4,686 4,463
Debtors 7 20,128 10,426
Cash at bank 11,779 7,866
36,593 22,755
CREDITORS
Amounts falling due within one year 8 85,483 52,376
NET CURRENT LIABILITIES (48,890 ) (29,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,060

34,262

CREDITORS
Amounts falling due after more than one
year

9

18,623

23,231
NET (LIABILITIES)/ASSETS (5,563 ) 11,031

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,564 ) 11,030
(5,563 ) 11,031

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.

BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

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 29 September 2023 and were signed by:





L A Gower - Director


BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

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

1. STATUTORY INFORMATION

Bosworth Garage 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 0, is being amortised evenly over its estimated useful life of nil 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

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

2. ACCOUNTING POLICIES - continued
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 5 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 30,000
AMORTISATION
At 1 January 2022 24,000
Charge for year 1,500
At 31 December 2022 25,500
NET BOOK VALUE
At 31 December 2022 4,500
At 31 December 2021 6,000

BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 11,277
DEPRECIATION
At 1 January 2022 9,544
Charge for year 433
At 31 December 2022 9,977
NET BOOK VALUE
At 31 December 2022 1,300
At 31 December 2021 1,733

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2022
and 31 December 2022 56,150
NET BOOK VALUE
At 31 December 2022 56,150
At 31 December 2021 56,150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 13,628 10,426
Amounts owed by group undertakings 6,500 -
20,128 10,426

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 13,684 -
Trade creditors 26,839 19,861
Taxation and social security 14,993 11,376
Other creditors 29,967 21,139
85,483 52,376

BOSWORTH GARAGE LIMITED (REGISTERED NUMBER: 05622974)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 18,623 23,231