Company Registration No. 5497353 (England and Wales)
VICTORIA GARAGE (PENARTH) LIMITED
Unaudited accounts
for the year ended 31 July 2023
VICTORIA GARAGE (PENARTH) LIMITED
Unaudited accounts
Contents
VICTORIA GARAGE (PENARTH) LIMITED
Company Information
for the year ended 31 July 2023
Directors
Thomas Luck
Simon Prosser
Company Number
5497353 (England and Wales)
Registered Office
1 Redlands Road
Penarth
Vale Of Glamorgan
CF64 2WD
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
VICTORIA GARAGE (PENARTH) LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
7,936
13,363
Cash at bank and in hand
25,959
18,410
Creditors: amounts falling due within one year
(61,420)
(66,890)
Net current assets
13,555
10,999
Total assets less current liabilities
21,491
24,362
Creditors: amounts falling due after more than one year
(19,922)
(29,689)
Net assets/(liabilities)
1,569
(5,327)
Called up share capital
4
4
Profit and loss account
1,565
(5,331)
Shareholders' funds
1,569
(5,327)
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
Simon Prosser
Director
Company Registration No. 5497353
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2023
VICTORIA GARAGE (PENARTH) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5497353. The registered office is 1 Redlands Road, Penarth, Vale Of Glamorgan, CF64 2WD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
10 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
94,758
22,678
3,908
121,344
At 31 July 2023
97,978
22,678
3,908
124,564
At 1 August 2022
87,939
17,664
2,378
107,981
Charge for the year
6,554
1,764
329
8,647
At 31 July 2023
94,493
19,428
2,707
116,628
At 31 July 2023
3,485
3,250
1,201
7,936
At 31 July 2022
6,819
5,014
1,530
13,363
Amounts falling due within one year
Trade debtors
4,717
19,716
Other debtors
39,299
34,763
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
17,506
24,696
Taxes and social security
17,551
20,733
Other creditors
(651)
1,216
8
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
34,763
4,536
-
39,299
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2023
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).