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REGISTERED NUMBER: 01389829 (England and Wales)





















CENTRAL GARAGE (RAUNDS)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CENTRAL GARAGE (RAUNDS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: S J Abraham





SECRETARY: Mrs S M Abraham





REGISTERED OFFICE: 23 Enterprise Road
Raunds
Northamptonshire
NN9 6JE





REGISTERED NUMBER: 01389829 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,842 50,634

CURRENT ASSETS
Stocks 5 6,348 6,050
Debtors 6 29,649 16,693
Cash at bank 4,249 6,824
40,246 29,567
CREDITORS
Amounts falling due within one year 7 43,114 37,822
NET CURRENT LIABILITIES (2,868 ) (8,255 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,974 42,379

CAPITAL AND RESERVES
Called up share capital 8 200 200
Revaluation reserve 9 50,000 50,000
Retained earnings (226 ) (7,821 )
SHAREHOLDERS' FUNDS 49,974 42,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

BALANCE SHEET - continued
30 APRIL 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





S J Abraham - Director


CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Central Garage (Raunds) 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 as modified by the revaluation of certain assets.

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.
Freehold property - not provided
Plant and machinery - 15% on reducing balance

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.


CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 50,000 24,086 74,086
Additions - 2,595 2,595
At 30 April 2023 50,000 26,681 76,681
DEPRECIATION
At 1 May 2022 - 23,452 23,452
Charge for year - 387 387
At 30 April 2023 - 23,839 23,839
NET BOOK VALUE
At 30 April 2023 50,000 2,842 52,842
At 30 April 2022 50,000 634 50,634

Cost or valuation at 30 April 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2019 50,000 26,681 76,681

Freehold land and buildings were valued on an open market basis on 30 April 2019 by an independent valuer .

5. STOCKS
2023 2022
£    £   
Stocks 6,348 6,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,963 15,575
Prepayments 686 1,118
29,649 16,693

CENTRAL GARAGE (RAUNDS)
LIMITED (REGISTERED NUMBER: 01389829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,616 16,207
Social security and other taxes 1,270 1,042
VAT 10,513 7,005
Credit Card 4,855 624
Pension control 237 -
Directors' current accounts 11,516 11,366
Accruals and deferred income 1,107 1,578
43,114 37,822

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 50,000