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REGISTERED NUMBER: 02457663 (England and Wales)















HOLTON-LE-CLAY GARAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






HOLTON-LE-CLAY GARAGE LIMITED (REGISTERED NUMBER: 02457663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


HOLTON-LE-CLAY GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: J E Allen
E M Allen





SECRETARY: E M Allen





REGISTERED OFFICE: 77 Louth Road
Holton-le-Clay
Grimsby
N E Lincolnshire
DN36 5AA





REGISTERED NUMBER: 02457663 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HOLTON-LE-CLAY GARAGE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holton-le-Clay Garage Limited for the year ended 28th February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Holton-le-Clay Garage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Holton-le-Clay Garage Limited and state those matters that we have agreed to state to the Board of Directors of Holton-le-Clay Garage Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Holton-le-Clay Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Holton-le-Clay Garage Limited. You consider that Holton-le-Clay Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Holton-le-Clay Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB


3rd November 2023

HOLTON-LE-CLAY GARAGE LIMITED (REGISTERED NUMBER: 02457663)

BALANCE SHEET
28TH FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,543 33,940
Investment property 6 35,358 35,358
67,901 69,298

CURRENT ASSETS
Stocks 2,022 1,854
Debtors 7 1,291 1,540
Cash at bank 15 15
3,328 3,409
CREDITORS
Amounts falling due within one year 8 78,956 73,503
NET CURRENT LIABILITIES (75,628 ) (70,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,727

)

(796

)

PROVISIONS FOR LIABILITIES 173 224
NET LIABILITIES (7,900 ) (1,020 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,902 ) (1,022 )
SHAREHOLDERS' FUNDS (7,900 ) (1,020 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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 3rd November 2023 and were signed on its behalf by:





E M Allen - Director


HOLTON-LE-CLAY GARAGE LIMITED (REGISTERED NUMBER: 02457663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Holton-le-Clay 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.

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 represents invoiced services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress 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.

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.

HOLTON-LE-CLAY GARAGE LIMITED (REGISTERED NUMBER: 02457663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 15,223
AMORTISATION
At 1st March 2022
and 28th February 2023 15,223
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022
and 28th February 2023 56,484 41,451 10,000 107,935
DEPRECIATION
At 1st March 2022 23,725 40,270 10,000 73,995
Charge for year 1,129 268 - 1,397
At 28th February 2023 24,854 40,538 10,000 75,392
NET BOOK VALUE
At 28th February 2023 31,630 913 - 32,543
At 28th February 2022 32,759 1,181 - 33,940

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022
and 28th February 2023 35,358
NET BOOK VALUE
At 28th February 2023 35,358
At 28th February 2022 35,358

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,291 1,540

HOLTON-LE-CLAY GARAGE LIMITED (REGISTERED NUMBER: 02457663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,086 9,383
Trade creditors 2,725 2,206
Taxation and social security 2,409 1,093
Other creditors 63,736 60,821
78,956 73,503