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REGISTERED NUMBER: 05525066 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Modurdy Henblas Garage Limited

Modurdy Henblas Garage Limited (Registered number: 05525066)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Modurdy Henblas Garage Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs A Pritchard
Mr K Pritchard
Mr D Pritchard





SECRETARY: Mrs A Pritchard





REGISTERED OFFICE: 26 High Street
Bala
Gwynedd
LL23 7AG





REGISTERED NUMBER: 05525066 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Modurdy Henblas Garage Limited (Registered number: 05525066)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 13,500
Tangible assets 5 83,772 65,580
92,772 79,080

CURRENT ASSETS
Stocks 26,000 25,880
Debtors 6 68,211 83,747
Cash at bank 55,187 29,570
149,398 139,197
CREDITORS
Amounts falling due within one year 7 146,065 106,397
NET CURRENT ASSETS 3,333 32,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,105

111,880

PROVISIONS FOR LIABILITIES 16,888 12,410
NET ASSETS 79,217 99,470

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 78,317 98,570
79,217 99,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Modurdy Henblas Garage Limited (Registered number: 05525066)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2024 and were signed on its behalf by:




Mrs A Pritchard - Director Mr K Pritchard - Director




Mr D Pritchard - Director


Modurdy Henblas Garage Limited (Registered number: 05525066)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Modurdy Henblas Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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 year was 3 (2022 - 3 ) .

Modurdy Henblas Garage Limited (Registered number: 05525066)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 90,000
AMORTISATION
At 1 September 2022 76,500
Charge for year 4,500
At 31 August 2023 81,000
NET BOOK VALUE
At 31 August 2023 9,000
At 31 August 2022 13,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 123,381
Additions 27,500
At 31 August 2023 150,881
DEPRECIATION
At 1 September 2022 57,801
Charge for year 9,308
At 31 August 2023 67,109
NET BOOK VALUE
At 31 August 2023 83,772
At 31 August 2022 65,580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 68,211 83,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 21,334 16,689
Taxation and social security 26,733 34,562
Other creditors 97,998 55,146
146,065 106,397