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REGISTERED NUMBER: 02081513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

MOORSIDE GARAGE LIMITED

MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MOORSIDE GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: M J Weidner
Mrs K L Weidner





SECRETARY: Mrs K L Weidner





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 02081513 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)

ABRIDGED BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,733 9,173
Tangible assets 5 21,727 28,870
28,460 38,043

CURRENT ASSETS
Stocks 91,677 75,379
Debtors 27,135 25,132
Cash at bank and in hand 124,588 166,515
243,400 267,026
CREDITORS
Amounts falling due within one year 61,967 98,220
NET CURRENT ASSETS 181,433 168,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,893

206,849

CREDITORS
Amounts falling due after more than one
year

22,232

32,195
NET ASSETS 187,661 174,654

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,927 19,927
Retained earnings 167,634 154,627
SHAREHOLDERS' FUNDS 187,661 174,654

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

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

MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





M J Weidner - Director


MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Moorside 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. 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 businesses in 1990 and 2006, are being amortised evenly over their estimated useful life of 25 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 61,000
AMORTISATION
At 1 June 2022 51,827
Amortisation for year 2,440
At 31 May 2023 54,267
NET BOOK VALUE

At 31 May 2023 6,733
At 31 May 2022 9,173

MOORSIDE GARAGE LIMITED (REGISTERED NUMBER: 02081513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 185,236
Additions 490
Disposals (7,048 )
At 31 May 2023 178,678
DEPRECIATION
At 1 June 2022 156,366
Charge for year 2,739
Eliminated on disposal (2,154 )
At 31 May 2023 156,951
NET BOOK VALUE
At 31 May 2023 21,727
At 31 May 2022 28,870

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 June 2022
and 31 May 2023 55,255
DEPRECIATION
At 1 June 2022 53,711
Charge for year 386
At 31 May 2023 54,097
NET BOOK VALUE
At 31 May 2023 1,158
At 31 May 2022 1,544

6. LEASING AGREEMENTS
As at 31st May 2023 the total value of rent commitments is £93,000.

7. RELATED PARTY DISCLOSURES

At the end of the year the company owed the directors £5,982 (2022 - £36,591) which is included in other creditors.