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REGISTERED NUMBER: 09779482 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ROBERTSONS GARAGE LIMITED

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERTSONS GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: N A Robertson
Mrs H Robertson



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 09779482 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Santander UK plc
Bridle Road
Bootle
L30 4GB

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,718 194,650

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 14,679 12,829
Cash at bank and in hand 244,785 216,060
264,464 233,889
CREDITORS
Amounts falling due within one year 7 115,486 112,717
NET CURRENT ASSETS 148,978 121,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,696

315,822

PROVISIONS FOR LIABILITIES 8 19,792 12,908
NET ASSETS 350,904 302,914

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 350,902 302,912
SHAREHOLDERS' FUNDS 350,904 302,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

BALANCE SHEET - continued
31ST MARCH 2023


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 Board of Directors and authorised for issue on 7th September 2023 and were signed on its behalf by:





N A Robertson - Director


ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Robertsons 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.

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.

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.
Improvements to property - The length of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 56,049 236,120 13,894
Additions 15,680 11,000 -
At 31st March 2023 71,729 247,120 13,894
DEPRECIATION
At 1st April 2022 55,867 58,573 5,272
Charge for year 2,795 23,970 1,395
At 31st March 2023 58,662 82,543 6,667
NET BOOK VALUE
At 31st March 2023 13,067 164,577 7,227
At 31st March 2022 182 177,547 8,622

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 34,118 2,495 342,676
Additions 34,035 284 60,999
At 31st March 2023 68,153 2,779 403,675
DEPRECIATION
At 1st April 2022 27,584 730 148,026
Charge for year 5,032 739 33,931
At 31st March 2023 32,616 1,469 181,957
NET BOOK VALUE
At 31st March 2023 35,537 1,310 221,718
At 31st March 2022 6,534 1,765 194,650

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,160 10,937
Prepayments 2,519 1,892
14,679 12,829

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 38,410 31,595
Tax 39,645 46,002
VAT 19,444 20,609
Directors' current accounts 17,987 14,511
115,486 112,717

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 19,792 12,908

Deferred
tax
£   
Balance at 1st April 2022 12,908
Capital allowances 6,884
Balance at 31st March 2023 19,792

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 £1 2 2

10. RESERVES
Retained
earnings
£   

At 1st April 2022 302,912
Profit for the year 173,990
Dividends (126,000 )
At 31st March 2023 350,902