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Company Registration No. 04662334 (England and Wales)
Ladyroyd Garage Limited Unaudited accounts for the year ended 31 March 2023
Ladyroyd Garage Limited Unaudited accounts Contents
Page
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Ladyroyd Garage Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
1,183,696 
875,256 
1,183,697 
875,257 
Current assets
Inventories
2,275 
2,405 
Debtors
244,654 
282,620 
Cash at bank and in hand
679,517 
732,326 
926,446 
1,017,351 
Creditors: amounts falling due within one year
(580,560)
(452,377)
Net current assets
345,886 
564,974 
Total assets less current liabilities
1,529,583 
1,440,231 
Creditors: amounts falling due after more than one year
(25,046)
(35,652)
Provisions for liabilities
Deferred tax
(278,193)
(152,836)
Net assets
1,226,344 
1,251,743 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
1,224,344 
1,249,743 
Shareholders' funds
1,226,344 
1,251,743 
For the year ending 31 March 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 20 November 2023 and were signed on its behalf by
David Thornes Director Company Registration No. 04662334
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Ladyroyd Garage Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Ladyroyd Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 04662334. The registered office is 507 Thornton Road, Girlington, Bradford, West Yorkshire, BD8 9RB.
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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services in the normal course of business, and is shown net of VAT.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
15% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Ladyroyd Garage Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
142,000 
At 31 March 2023
142,000 
Amortisation
At 1 April 2022
141,999 
At 31 March 2023
141,999 
Net book value
At 31 March 2023
1 
At 31 March 2022
1 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
330,281 
1,517,580 
1,847,861 
Additions
- 
618,819 
618,819 
Disposals
- 
(111,495)
(111,495)
At 31 March 2023
330,281 
2,024,904 
2,355,185 
Depreciation
At 1 April 2022
259,422 
713,183 
972,605 
Charge for the year
2,126 
196,758 
198,884 
At 31 March 2023
261,548 
909,941 
1,171,489 
Net book value
At 31 March 2023
68,733 
1,114,963 
1,183,696 
At 31 March 2022
70,859 
804,397 
875,256 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
187,662 
120,708 
Other debtors
56,992 
161,912 
244,654 
282,620 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
465,391 
331,775 
Taxes and social security
43,269 
82,426 
Other creditors
61,900 
28,176 
580,560 
452,377 
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Ladyroyd Garage Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,046 
35,652 
9
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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