Registered Number:05379402 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Oaksey Garage Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Oaksey Garage Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,888
3,530
2
5,888
3,530
1,500
2,250
3
Trade and other receivables |
17,624
21,564
4
18,420
Cash and cash equivalents |
11,239
35,053
37,544
Trade and other payables: amounts falling due within one year |
(18,531)
(23,991)
5
19,013
11,062
Net current assets
Total assets less current liabilities |
16,950
22,543
Trade and other payables: amounts falling due after more than one |
year |
(21,935)
(14,989)
6
(1,119)
(487)
Provisions for liabilities |
842
Net assets
121
100
100
742
21
842
121
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2023
Oaksey Garage Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 30 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Oaksey Garage Limited
Notes to the Financial Statements
Statutory Information
Oaksey Garage Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
05379402. |
Principal place of business: |
Unit 6
Pat Yat
Kemble
Gloucestershire
GL7 6AY
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and estimated selling price less costs to sell.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 March 2023
Oaksey Garage Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
8,111
4,240
2,000
1,871
4,000
-
4,000
-
1,871
6,000
4,240
12,111
Provision for depreciation and impairment |
4,581
1,975
875
1,731
Charge for year
1,642
340
1,281
21
6,223
2,315
2,156
1,752
119
3,844
1,925
5,888
140
1,125
2,265
3,530
2022
2023
2,250
1,500
4. Trade and other receivables |
2022
2023
21,564
17,624
5. Trade and other payables: amounts falling due within one year |
2022
2023
9,208
9,208
9,421
4,910
Taxation and social security |
3,760
2,810
1,602
1,603
23,991
18,531
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For the year ended 31 March 2023
Oaksey Garage Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
14,989
21,935
7. Guarantees and other financial commitments |
At 31 March 2023 the company had annual commitments under non-cancellable operating leases as set out below: |
2022
2023
Operating leases which expire: |
13,200
13,200
13,200
13,200
8. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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