1 April 2022 false No description of principal activity Taxfiler 2023.12 08532428business:PrivateLimitedCompanyLtd2022-04-012023-03-31 085324282022-03-31 085324282022-04-012023-03-31 08532428business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 08532428business:FilletedAccounts2022-04-012023-03-31 085324282023-03-31 08532428business:Director12022-04-012023-03-31 08532428business:Director22022-04-012023-03-31 08532428business:RegisteredOffice2022-04-012023-03-31 085324282022-03-31 08532428core:WithinOneYear2023-03-31 08532428core:WithinOneYear2022-03-31 08532428core:AfterOneYear2023-03-31 08532428core:AfterOneYear2022-03-31 08532428core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08532428core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 08532428core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08532428core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 08532428core:PreviouslyStatedAmount2023-03-31 08532428core:PreviouslyStatedAmount2022-03-31 08532428business:SmallEntities2022-04-012023-03-31 08532428countries:EnglandWales2022-04-012023-03-31 08532428core:LandBuildings2022-04-012023-03-31 08532428core:PlantMachinery2022-04-012023-03-31 08532428core:Goodwill2022-03-31 08532428core:Goodwill2022-04-012023-03-31 08532428core:Goodwill2023-03-31 08532428core:LandBuildings2022-03-31 08532428core:PlantMachinery2022-03-31 08532428core:LandBuildings2023-03-31 08532428core:PlantMachinery2023-03-31 085324282021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08532428 (England and Wales)
CADNAM GARAGE LTD Unaudited accounts for the year ended 31 March 2023
CADNAM GARAGE LTD Unaudited accounts Contents
Page
- 2 -
CADNAM GARAGE LTD Company Information for the year ended 31 March 2023
Directors
Adrian Colin Frost Sarah Jayne Frost
Company Number
08532428 (England and Wales)
Registered Office
CADNAM GARAGE SOUTHAMPTON ROAD CADNAM SOUTHAMPTON HAMPSHIRE SO40 2NB United Kingdom
Accountants
Accountancy Solutions (Winchester) Limited Lancaster House 8 Barnes Wallis Road Fareham Hampshire PO15 5TU
- 3 -
CADNAM GARAGE LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,857 
36,000 
Tangible assets
44,522 
46,526 
72,379 
82,526 
Current assets
Inventories
65,879 
62,878 
Debtors
10,693 
7,932 
Cash at bank and in hand
39,575 
55,813 
116,147 
126,623 
Creditors: amounts falling due within one year
(98,502)
(66,748)
Net current assets
17,645 
59,875 
Total assets less current liabilities
90,024 
142,401 
Creditors: amounts falling due after more than one year
(34,750)
(97,513)
Provisions for liabilities
Deferred tax
(5,864)
(6,890)
Net assets
49,410 
37,998 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,310 
37,898 
Shareholders' funds
49,410 
37,998 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
Adrian Colin Frost Director Company Registration No. 08532428
- 4 -
CADNAM GARAGE LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
CADNAM GARAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 08532428. The registered office is CADNAM GARAGE SOUTHAMPTON ROAD, CADNAM, SOUTHAMPTON, HAMPSHIRE, SO40 2NB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
33% on Cost, 20% on Cost, 10% on Cost
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
120,000 
Additions
3,857 
At 31 March 2023
123,857 
Amortisation
At 1 April 2022
84,000 
Charge for the year
12,000 
At 31 March 2023
96,000 
Net book value
At 31 March 2023
27,857 
At 31 March 2022
36,000 
- 5 -
CADNAM GARAGE LTD Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
10,385 
64,167 
74,552 
Additions
3,500 
6,744 
10,244 
At 31 March 2023
13,885 
70,911 
84,796 
Depreciation
At 1 April 2022
122 
27,904 
28,026 
Charge for the year
103 
12,145 
12,248 
At 31 March 2023
225 
40,049 
40,274 
Net book value
At 31 March 2023
13,660 
30,862 
44,522 
At 31 March 2022
10,263 
36,263 
46,526 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,302 
3,193 
Accrued income and prepayments
6,391 
4,739 
10,693 
7,932 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
23,382 
3,587 
VAT
12,964 
14,461 
Obligations under finance leases and hire purchase contracts
4,334 
4,006 
Trade creditors
36,098 
26,363 
Taxes and social security
13,865 
11,643 
Other creditors
- 
538 
Accruals
7,859 
6,150 
98,502 
66,748 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,662 
73,579 
Obligations under finance leases and hire purchase contracts
4,662 
8,996 
Other creditors
564 
- 
Loans from directors
(138)
14,938 
34,750 
97,513 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
- 6 -