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REGISTERED NUMBER: 00705690 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HAYWARDS GIRTON GARAGE LIMITED

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYWARDS GIRTON GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: D J Hayward
A J Chapman





REGISTERED OFFICE: Haywards Garage
Huntingdon Road
Girton
Cambridge
CB3 0LQ





REGISTERED NUMBER: 00705690 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 577,019 432,833
577,019 432,833

CURRENT ASSETS
Stocks 172,034 174,409
Debtors 7 3,800 4,500
Cash at bank 20 9
175,854 178,918
CREDITORS
Amounts falling due within one year 8 (471,211 ) (411,124 )
NET CURRENT LIABILITIES (295,357 ) (232,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,662

200,627

CREDITORS
Amounts falling due after more than
one year

9

(113,008

)

(117,517

)

PROVISIONS FOR LIABILITIES (121,032 ) (92,501 )
NET ASSETS/(LIABILITIES) 47,622 (9,391 )

CAPITAL AND RESERVES
Called up share capital 11 9,000 9,000
Capital contribution reserve 162,072 162,072
Property revaluation reserve 637,749 487,749
Retained earnings (761,199 ) (668,212 )
SHAREHOLDERS' FUNDS 47,622 (9,391 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





A J Chapman - Director


HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Haywards Girton 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration receivable.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. Revenue from services is recognised when those services are performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is amortised evenly over its useful life of 5 years.

Tangible fixed assets
Land and buildings used in the company's own activities are stated at their revalued amounts. The revalued amounts equate to the market value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not differ materially from using the market value at the balance sheet date. Any revaluation increase or decrease is credited to the property revaluation reserve.

Other tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of fixed assets, less their estimated residual value, over their estimated useful life:-
Buildings2% on cost
Plant and machinery33% on cost
Motor vehicles15% on cost
Computer equipment33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the immediate future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 33,000
AMORTISATION
At 1 January 2022
and 31 December 2022 33,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

6. TANGIBLE FIXED ASSETS
Freehold
land and Plant and Motor Computer
buildings machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2022 500,000 92,222 3,825 9,738 605,785
Revaluations 150,000 - - - 150,000
At 31 December 2022 650,000 92,222 3,825 9,738 755,785
DEPRECIATION
At 1 January 2022 67,167 92,222 3,825 9,738 172,952
Charge for year 5,814 - - - 5,814
At 31 December 2022 72,981 92,222 3,825 9,738 178,766
NET BOOK VALUE
At 31 December 2022 577,019 - - - 577,019
At 31 December 2021 432,833 - - - 432,833

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2022 is represented by:

Freehold
land and Plant and Motor Computer
buildings machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 650,000 - - - 650,000
Cost - 92,222 3,825 9,738 105,785
650,000 92,222 3,825 9,738 755,785

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 12,251 12,251
Aggregate depreciation 1,815 1,815

Value of land in freehold land and buildings 650,000 500,000

Freehold land and buildings were valued on a market value basis on 31 December 2022 by Cheffins .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,799 4,500
Other debtors 1 -
3,800 4,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 67,755 80,527
Other loans 74,873 47,067
Trade creditors 121,350 81,468
Social security and other taxes 68,745 86,498
Other creditors 34,430 22,382
Director's loan account 104,058 93,182
471,211 411,124

The director's current account and director's loan account are both repayable on demand and interest free.

HAYWARDS GIRTON GARAGE LIMITED (REGISTERED NUMBER: 00705690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 21,960 21,960
Bank loans - 2-5 years 6,718 11,227
Other loans 84,330 84,330
113,008 117,517

The other loan relates to an amount due to a third party. This amount is unsecured, and is repayable after more than five years.

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 39,774 54,542

The bank borrowings are secured by a debenture in favour of Lloyds, created on 3 July 2012.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
9,000 Ordinary £1 9,000 9,000

12. OTHER FINANCIAL COMMITMENTS

At 31 December 2022, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £0 (2021 £424).