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Company Registration No. SC378395 (Scotland)
Clydeside Garage Ltd Unaudited accounts for the year ended 31 May 2023
Clydeside Garage Ltd Unaudited accounts Contents
Page
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Clydeside Garage Ltd Company Information for the year ended 31 May 2023
Director
Richard Neeson
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
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Clydeside Garage Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,371 
5,562 
Current assets
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 
Capital and reserves
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
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Clydeside Garage Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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.
Turnover
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 
Additions
9,599 
- 
9,599 
At 31 May 2023
41,261 
1,150 
42,411 
Depreciation
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 
Net book value
At 31 May 2023
11,099 
272 
11,371 
At 31 May 2022
5,199 
363 
5,562 
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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 
- 
Trade creditors
1,725 
885 
Taxes and social security
661 
1,094 
11,262 
6,238 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,722 
11,981 
Obligations under finance leases and hire purchase contracts
16,783 
- 
24,505 
11,981 
7
Share capital
2023 
2022 
£ 
£ 
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).
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