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WOOD STREET GARAGE (TAUNTON) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2023




















Company Registration Number - 12633698






















1.
WOOD STREET GARAGE (TAUNTON) LIMITED
COMPANY NUMBER - 12633698

Balance sheet as at 31 May 2023





2023
2022

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
15,600
19,061

Current assets




Debtors 5 15,275
5,838

Cash at bank and in hand
32,257
37,523




47,532
43,361
Current liabilities




Creditors - Amounts
falling due within one year 6 10,315
12,826


NET CURRENT ASSETS

37,217
30,535


Total assets less current liabilities

52,817
49,596












CAPITAL AND RESERVES

Called up share capital 7
100
100

Profit and Loss account

52,717
49,496


Shareholders' funds

52,817
49,596



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 May 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 21 November 2023
and signed on their behalf by:




MR S DAVEY



Director






The notes on pages 2 to 3 form an integral part of these accounts.


2.
WOOD STREET GARAGE (TAUNTON) LIMITED

Notes to the Financial Statements

For the year ended 31 May 2023


1. General Information

Wood Street Garage Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 12633698.


The company's registered office is 145 Staplegrove Road, Taunton, Somerset, TA2 6AF.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


3. Employees

The average number employed by the company (including directors) during the year 2023 was 1
and in the previous year 2022 was 1.

4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 June 2022 28,736
Additions 675

At 31 May 2023 29,411

Depreciation
At 1 June 2022 9,675
Charge for year 4,136

At 31 May 2023 13,811

Net book values
At 31 May 2023 15,600
At 1 June 2022 19,061




3.
WOOD STREET GARAGE (TAUNTON) LIMITED

Notes to the Financial Statements

For the year ended 31 May 2023




2023
2022


£
£
5. Debtors

Due within one year:



Trade debtors 6,347
5,838
Other debtors 8,928
-



15,275
5,838



Included in other debtors is an overdrawn current account in respect of Mr S Davey.
The liability under the loan at the beginning and end of the year respectively was £-718 and £8928.
The maximum amount of the loan outstanding during the year was £8928.


6. Creditors

Amounts falling due within one year:



Trade creditors 8,513
2,154
Taxation and social security 1,802
9,954
Director's Current Accounts -
718


10,315 12,826



7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 100
100