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REGISTERED NUMBER: 04872050 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Station Garage (Knutsford) Limited

Station Garage (Knutsford) Limited (Registered number: 04872050)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Station Garage (Knutsford) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J E Groves
Mrs D Groves





SECRETARY: Mrs D Groves





REGISTERED OFFICE: King Street
Knutsford
WA16 8BW





REGISTERED NUMBER: 04872050 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Station Garage (Knutsford) Limited (Registered number: 04872050)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,600 10,800
Tangible assets 5 32,738 28,594
42,338 39,394

CURRENT ASSETS
Stocks 3,600 4,000
Debtors 6 81,703 99,106
Cash at bank 12,748 -
98,051 103,106
CREDITORS
Amounts falling due within one year 7 84,169 87,661
NET CURRENT ASSETS 13,882 15,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,220

54,839

CREDITORS
Amounts falling due after more than one year 8 46,667 54,437
NET ASSETS 9,553 402

CAPITAL AND RESERVES
Called up share capital 9 400 400
Retained earnings 10 9,153 2
SHAREHOLDERS' FUNDS 9,553 402

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

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

Station Garage (Knutsford) Limited (Registered number: 04872050)

Balance Sheet - continued
31 January 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 12 October 2023 and were signed on its behalf by:





J E Groves - Director


Station Garage (Knutsford) Limited (Registered number: 04872050)

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

1. STATUTORY INFORMATION

Station Garage (Knutsford) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


Station Garage (Knutsford) Limited (Registered number: 04872050)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 24,000
AMORTISATION
At 1 February 2022 13,200
Amortisation for year 1,200
At 31 January 2023 14,400
NET BOOK VALUE
At 31 January 2023 9,600
At 31 January 2022 10,800

Station Garage (Knutsford) Limited (Registered number: 04872050)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2022 9,467 49,263 8,366
Additions - 877 -
At 31 January 2023 9,467 50,140 8,366
DEPRECIATION
At 1 February 2022 9,467 41,015 4,980
Charge for year - 1,368 508
At 31 January 2023 9,467 42,383 5,488
NET BOOK VALUE
At 31 January 2023 - 7,757 2,878
At 31 January 2022 - 8,248 3,386

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 30,325 5,561 102,982
Additions 12,079 432 13,388
At 31 January 2023 42,404 5,993 116,370
DEPRECIATION
At 1 February 2022 14,887 4,039 74,388
Charge for year 6,879 489 9,244
At 31 January 2023 21,766 4,528 83,632
NET BOOK VALUE
At 31 January 2023 20,638 1,465 32,738
At 31 January 2022 15,438 1,522 28,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,270 1,034
Other debtors 80,433 98,072
81,703 99,106

Station Garage (Knutsford) Limited (Registered number: 04872050)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts - 10,756
Hire purchase contracts 3,320 3,320
Trade creditors 30,830 25,233
Corporation tax 30,074 34,298
Social security and other taxes 2,731 2,515
VAT 10,370 6,540
Other creditors 1,057 963
Company credit card 3,571 1,616
Accrued expenses 2,216 2,420
84,169 87,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 2-5 years 41,410 45,860
Hire purchase contracts 5,257 8,577
46,667 54,437

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
400 Ordinary Shares £1 400 400

10. RESERVES
Retained
earnings
£   

At 1 February 2022 2
Profit for the year 92,011
Dividends (82,860 )
At 31 January 2023 9,153