GATEACRE PARK MOTORS LIMITED

Company Registration Number:
06649656 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

GATEACRE PARK MOTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

GATEACRE PARK MOTORS LIMITED

Company Information

for the Period Ended 31 July 2023




Director: john collins
Registered office: Essar House
Unit 14
Thurne Way
Liverpool
England
L25 4SQ
Company Registration Number: 06649656 (England and Wales)

GATEACRE PARK MOTORS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 545,142 420,624
Total fixed assets: 545,142 420,624
Current assets
Stocks: 34,624 11,248
Debtors: 24,487 25,626
Cash at bank and in hand: 68,909 27,472
Total current assets: 128,020 64,346
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 65,106 ) ( 39,783 )
Net current assets (liabilities): 62,914 24,563
Total assets less current liabilities: 608,056 445,187
Creditors: amounts falling due after more than one year: ( 313,779 ) ( 166,163 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 294,277 279,024

The notes form part of these financial statements

GATEACRE PARK MOTORS LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 40,000 40,000
Revaluation reserve: 6 124,518 79,146
Profit and loss account: 129,759 159,878
Shareholders funds: 294,277 279,024

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 April 2024
And Signed On Behalf Of The Board By:

Name: john collins
Status: Director

The notes form part of these financial statements

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 10 6

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 August 2022 0
    Additions 0
    Disposals -
    Revaluations 0
    Transfers -
    At 31 July 2023 0
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 July 2023 -
    Net book value
    Net book value at 31 July 2023 0
    Net book value at 31 July 2022 0

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Tangible Assets

Total
Cost £
At 01 August 2022 420,624
Additions -
Disposals -
Revaluations 124,518
Transfers -
At 31 July 2023 545,142
Depreciation
At 01 August 2022 -
Charge for year -
On disposals -
Other adjustments -
At 31 July 2023 -
Net book value
At 31 July 2023 545,142
At 31 July 2022 420,624

GATEACRE PARK MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Revaluation reserve


2023
£
Balance at 01 August 2022 79,146
Surplus or deficit after revaluation 45,372
Balance at 31 July 2023 124,518