Company Registration No. SC378395 (Scotland)
Clydeside Garage Ltd
Unaudited accounts
for the year ended 31 May 2023
Clydeside Garage Ltd
Unaudited accounts
Contents
Clydeside Garage Ltd
Company Information
for the year ended 31 May 2023
Company Number
SC378395 (Scotland)
Registered Office
94 HOPE STREET
SUITE 2.11
GLASGOW
G2 6PH
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Clydeside Garage Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
11,371
5,562
Cash at bank and in hand
23,613
12,846
Creditors: amounts falling due within one year
(11,262)
(6,238)
Net current assets
12,351
6,608
Total assets less current liabilities
23,722
12,170
Creditors: amounts falling due after more than one year
(24,505)
(11,981)
Net (liabilities)/assets
(783)
189
Called up share capital
100
100
Profit and loss account
(883)
89
Shareholders' funds
(783)
189
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 8 February 2024 and were signed on its behalf by
Richard Neeson
Director
Company Registration No. SC378395
Clydeside Garage Ltd
Notes to the Accounts
for the year ended 31 May 2023
Clydeside Garage Ltd is a private company, limited by shares, registered in Scotland, registration number SC378395. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
31,662
1,150
32,812
At 31 May 2023
41,261
1,150
42,411
At 1 June 2022
26,463
787
27,250
Charge for the year
3,699
91
3,790
At 31 May 2023
30,162
878
31,040
At 31 May 2023
11,099
272
11,371
At 31 May 2022
5,199
363
5,562
Clydeside Garage Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,259
4,259
Obligations under finance leases and hire purchase contracts
4,617
-
Taxes and social security
661
1,094
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,783
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).