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REGISTERED NUMBER: 07976865 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Jubilee Garage (Deeside) Ltd

Jubilee Garage (Deeside) Ltd (Registered number: 07976865)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jubilee Garage (Deeside) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Ellis
P Ellis





SECRETARY:





REGISTERED OFFICE: Unit 8
Evans Way
Rowleys Park
Shotton
Flintshire
CH5 1QT





REGISTERED NUMBER: 07976865 (England and Wales)





ACCOUNTANTS: Peter J Gibbons FCPFA
35 Whitelands Meadow
Upton
Wirral
CH49 6PA

Jubilee Garage (Deeside) Ltd (Registered number: 07976865)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 88,650 92,085
88,650 92,085

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 6 12,095 15,850
Cash at bank and in hand 65,001 63,912
84,096 86,762
CREDITORS
Amounts falling due within one year 7 105,316 107,195
NET CURRENT LIABILITIES (21,220 ) (20,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,430

71,652

CREDITORS
Amounts falling due after more than one
year

8

41,707

47,104
NET ASSETS 25,723 24,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,623 24,448
SHAREHOLDERS' FUNDS 25,723 24,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Jubilee Garage (Deeside) Ltd (Registered number: 07976865)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





C Ellis - Director


Jubilee Garage (Deeside) Ltd (Registered number: 07976865)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jubilee Garage (Deeside) Ltd 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 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance and 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.

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.

Jubilee Garage (Deeside) Ltd (Registered number: 07976865)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 25,000
AMORTISATION
At 1 April 2022
and 31 March 2023 25,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 323,861
Additions 14,263
At 31 March 2023 338,124
DEPRECIATION
At 1 April 2022 231,776
Charge for year 17,698
At 31 March 2023 249,474
NET BOOK VALUE
At 31 March 2023 88,650
At 31 March 2022 92,085

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,095 15,850

Jubilee Garage (Deeside) Ltd (Registered number: 07976865)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 33,161 25,756
Taxation and social security 33,146 31,430
Other creditors 39,009 50,009
105,316 107,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 41,707 47,104