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REGISTERED NUMBER: 00494479 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Burns' Garages,limited

Burns' Garages,limited (Registered number: 00494479)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burns' Garages,limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R I Burns
R E Burns





REGISTERED OFFICE: Canal Street
Congleton
CW12 3AA





REGISTERED NUMBER: 00494479 (England and Wales)





ACCOUNTANTS: DHP Acountants Ltd
15 Buxton Old Road
Disley
Stockport
SK12 2BB

Burns' Garages,limited (Registered number: 00494479)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,836 101,289

CURRENT ASSETS
Stocks 1,163,648 1,164,378
Debtors 5 42,958 172,509
Investments 6 67 67
Cash at bank and in hand 155,008 109,737
1,361,681 1,446,691
CREDITORS
Amounts falling due within one year 7 371,104 281,491
NET CURRENT ASSETS 990,577 1,165,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,413

1,266,489

PROVISIONS FOR LIABILITIES 5,555 18,720
NET ASSETS 1,016,858 1,247,769

CAPITAL AND RESERVES
Called up share capital 5,267 5,267
Capital redemption reserve 933 933
Retained earnings 1,010,658 1,241,569
1,016,858 1,247,769

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

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

Burns' Garages,limited (Registered number: 00494479)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





R E Burns - Director


Burns' Garages,limited (Registered number: 00494479)

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

1. STATUTORY INFORMATION

Burns' Garages,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.

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 - 25% on cost, 20% on cost and 15% on cost

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Burns' Garages,limited (Registered number: 00494479)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 895,129
Additions 1,550
Disposals (56,090 )
At 31 December 2023 840,589
DEPRECIATION
At 1 January 2023 793,840
Charge for year 14,913
At 31 December 2023 808,753
NET BOOK VALUE
At 31 December 2023 31,836
At 31 December 2022 101,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,787 114,293
Other debtors 20,171 58,216
42,958 172,509

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Unlisted investments 67 67

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 217,714 197,349
Taxation and social security 91,580 18,783
Other creditors 61,810 65,359
371,104 281,491

Burns' Garages,limited (Registered number: 00494479)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Vehicle creditors 173,219 134,763

9. RELATED PARTY DISCLOSURES

During the year the company paid dividends amounting to £76,320 (2022: £2,002,017) to Burns' Garages, (Holdings) Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Burn's Garages,(Holdings) Ltd .