HOWDEN ROAD GARAGE (SILSDEN) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Moors House |
11 South Hawksworth Street |
Ilkley |
West Yorkshire |
LS29 9DX |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052) |
BALANCE SHEET |
15TH NOVEMBER 2023 |
2023 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
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 director and authorised for issue on |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Howden Road Garage (Silsden) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Investment properties |
Investment properties are shown at their most recent valuation. Any resulting changes in market value is transferred to a revaluation reserve, unless a deficit on an individual investment property is expected to be permanent, in which case it is charged to the profit and loss account in the period. |
Depreciation is not provided in respect of freehold investment properties. Whilst this is a departure from generally accepted accounting principles, the directors consider that this is necessary in order that the financial statements give a true and fair view. The reporting of current values and of changes therein are of prime importance, rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. |
On the disposal of an investment property, the amount included in the profit and loss account represents the difference between the sale proceeds and the assets carrying value. Any realised revaluation surpluses are credited back to the profit and loss account, being shown as a movement on reserves. |
Taxation |
Taxation for the period 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. |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2023 TO 15TH NOVEMBER 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st June 2023 |
and 15th November 2023 |
DEPRECIATION |
At 1st June 2023 |
and 15th November 2023 |
NET BOOK VALUE |
At 15th November 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Trade creditors |
Corporation tax |
Accrued expenses |
The directors loan account is interest-free and repayable on demand. |
HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2023 TO 15TH NOVEMBER 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2023 |
value: | £ | £ |
Ordinary | 1 | 20,000 | 20,000 |