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Company Registration No. 11729351 (England and Wales)
Gosport Automotive Accident Repair Centre Ltd Unaudited accounts for the year ended 31 December 2023
Gosport Automotive Accident Repair Centre Ltd Unaudited accounts Contents
Page
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Gosport Automotive Accident Repair Centre Ltd Company Information for the year ended 31 December 2023
Director
Paul Tegg
Company Number
11729351 (England and Wales)
Registered Office
UNIT 16 Toronto Place Gosport Hampshire PO12 4UZ United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Gosport Automotive Accident Repair Centre Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,579 
10,105 
Current assets
Debtors
22,774 
35,687 
Cash at bank and in hand
900 
58 
23,674 
35,745 
Creditors: amounts falling due within one year
(46,565)
(32,585)
Net current (liabilities)/assets
(22,891)
3,160 
Total assets less current liabilities
(15,312)
13,265 
Creditors: amounts falling due after more than one year
(6,332)
(14,578)
Net liabilities
(21,644)
(1,313)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,744)
(1,413)
Shareholders' funds
(21,644)
(1,313)
For the year ending 31 December 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 28 February 2024 and were signed on its behalf by
Paul Tegg Director Company Registration No. 11729351
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Gosport Automotive Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Gosport Automotive Accident Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 11729351. The registered office is UNIT 16, Toronto Place, Gosport, Hampshire, PO12 4UZ, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
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.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
19,500 
1,045 
20,545 
At 31 December 2023
19,500 
1,045 
20,545 
Depreciation
At 1 January 2023
9,940 
500 
10,440 
Charge for the year
2,390 
136 
2,526 
At 31 December 2023
12,330 
636 
12,966 
Net book value
At 31 December 2023
7,170 
409 
7,579 
At 31 December 2022
9,560 
545 
10,105 
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Gosport Automotive Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,383 
Accrued income and prepayments
2,324 
2,854 
Other debtors
20,450 
20,450 
22,774 
35,687 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,341 
5,221 
Trade creditors
843 
6,024 
Taxes and social security
- 
(475)
Other creditors
6,200 
5,084 
Loans from directors
24,118 
13,446 
Accruals
5,063 
3,285 
46,565 
32,585 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,332 
14,578 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Tegg
Director Loan Account
(13,446)
(11,399)
(727)
(24,118)
(13,446)
(11,399)
(727)
(24,118)
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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