Company registration number 04794653 (England and Wales)
West Street Garage (Normanton) Limited
Unaudited
Financial Statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
West Street Garage (Normanton) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
West Street Garage (Normanton) Limited
Statement Of Financial Position
as at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
12,000
15,000
Tangible assets
4
12,090
14,315
24,090
29,315
Current assets
Stocks
1,500
2,000
Debtors
6,719
6,794
Cash at bank and in hand
214,123
153,778
222,342
162,572
Creditors: amounts falling due within one year
(83,495)
(91,146)
Net current assets
138,847
71,426
Total assets less current liabilities
162,937
100,741
Provisions for liabilities
(3,022)
(2,720)
Net assets
159,915
98,021
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
159,815
97,921
Total equity
159,915
98,021
West Street Garage (Normanton) Limited
Statement Of Financial Position (continued)
as at 30 June 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 October 2023 and are signed on its behalf by:
D P Bolton
G Stakes
Director
Director
Company Registration No. 04794653
West Street Garage (Normanton) Limited
Notes to the Financial Statements
for the year ended 30 June 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised on date of invoice.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Acquired goodwill is reviewed annually and once its estimated useful economic life is considered to have become finite it will be written off by instalments over the remaining life.

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance basis
Fixtures, fittings & equipment
15% reducing balance basis
Computer equipment
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Stocks

S tock is stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

West Street Garage (Normanton) Limited
Notes to the Financial Statements (continued)
for the year ended 30 June 2023
1
Accounting policies
(continued)
- 4 -
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 represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
30,000
Amortisation and impairment
At 1 July 2022
15,000
Amortisation charged for the year
3,000
At 30 June 2023
18,000
Carrying amount
At 30 June 2023
12,000
At 30 June 2022
15,000
West Street Garage (Normanton) Limited
Notes to the Financial Statements (continued)
for the year ended 30 June 2023
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2022 and 30 June 2023
66,761
13,019
5,152
5,100
90,032
Depreciation and impairment
At 1 July 2022
59,929
7,502
3,914
4,372
75,717
Depreciation charged in the year
1,025
827
191
182
2,225
At 30 June 2023
60,954
8,329
4,105
4,554
77,942
Carrying amount
At 30 June 2023
5,807
4,690
1,047
546
12,090
At 30 June 2022
6,832
5,517
1,238
728
14,315
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Controlling interest

The company was controlled throughout the year by the directors who together own 100% of the issued share capital.

7
Company information

West Street Garage (Normanton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 87 Queen Street, Normanton, West Yorkshire, WF6 1AF.

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