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REGISTERED NUMBER: 13507555 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Booth's Garage Ltd

Booth's Garage Ltd (Registered number: 13507555)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Booth's Garage Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N Thornton
W A Wild





REGISTERED OFFICE: Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston
PR2 9WT





REGISTERED NUMBER: 13507555 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR

Booth's Garage Ltd (Registered number: 13507555)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,200 215,600
Investments 5 246,917 245,987
458,117 461,587

CURRENT ASSETS
Debtors 6 204 204
Cash at bank 5,475 1,230
5,679 1,434
CREDITORS
Amounts falling due within one year 7 344,443 336,291
NET CURRENT LIABILITIES (338,764 ) (334,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,353

126,730

CREDITORS
Amounts falling due after more than one
year

8

132,000

132,000
NET LIABILITIES (12,647 ) (5,270 )

RESERVES
Retained earnings (12,647 ) (5,270 )
(12,647 ) (5,270 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Booth's Garage Ltd (Registered number: 13507555)

Balance Sheet - continued
31 July 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 11 March 2024 and were signed on its behalf by:





N Thornton - Director


Booth's Garage Ltd (Registered number: 13507555)

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

1. STATUTORY INFORMATION

Booth's Garage Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 2 (2022 - 2 ) .

Booth's Garage Ltd (Registered number: 13507555)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2022
and 31 July 2023 220,000
DEPRECIATION
At 1 August 2022 4,400
Charge for year 4,400
At 31 July 2023 8,800
NET BOOK VALUE
At 31 July 2023 211,200
At 31 July 2022 215,600

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022 245,987
Additions 930
At 31 July 2023 246,917
NET BOOK VALUE
At 31 July 2023 246,917
At 31 July 2022 245,987

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset 204 204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 337,217 335,217
Non-refundable deposit received 5,000 -
Accrued expenses 2,226 1,074
344,443 336,291

Booth's Garage Ltd (Registered number: 13507555)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts 132,000 132,000