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REGISTERED NUMBER: 01985629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Haskins Garage Limited

Haskins Garage Limited (Registered number: 01985629)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Haskins Garage Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S J Veale





SECRETARY: Mrs C L Veale





REGISTERED OFFICE: Haskins Garage
High Steet
Wroughton
Swindon
Wiltshire
SN4 9JX





REGISTERED NUMBER: 01985629 (England and Wales)





ACCOUNTANTS: David Starbuck
4 Dorcan Business Village
Murdock Road
Swindon
SN3 5HY

Haskins Garage Limited (Registered number: 01985629)

Abridged Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,918 7,714
Investment property 5 359,878 359,878
366,796 367,592

CURRENT ASSETS
Stocks 30,500 37,500
Debtors 120,924 175,623
Cash at bank 368,272 295,329
519,696 508,452
CREDITORS
Amounts falling due within one year 559,063 624,522
NET CURRENT LIABILITIES (39,367 ) (116,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,429

251,522

PROVISIONS FOR LIABILITIES 701 701
NET ASSETS 326,728 250,821

CAPITAL AND RESERVES
Called up share capital 170,000 170,000
Share premium 169,000 169,000
Retained earnings (12,272 ) (88,179 )
326,728 250,821

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.

Haskins Garage Limited (Registered number: 01985629)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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:





S J Veale - Director


Haskins Garage Limited (Registered number: 01985629)

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

1. STATUTORY INFORMATION

Haskins 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Haskins Garage Limited (Registered number: 01985629)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 70,955
Additions 966
At 31 December 2022 71,921
DEPRECIATION
At 1 January 2022 63,241
Charge for year 1,762
At 31 December 2022 65,003
NET BOOK VALUE
At 31 December 2022 6,918
At 31 December 2021 7,714

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 359,878
NET BOOK VALUE
At 31 December 2022 359,878
At 31 December 2021 359,878

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
S J Veale
Balance outstanding at start of year 132,880 445,201
Amounts repaid (64,808 ) (312,321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,072 132,880

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £505,518 (2021: £585,351) to Haskins 1999 Limited, the parent undertaking.