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REGISTERED NUMBER: 12267130 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hatton Garage Services Ltd

Hatton Garage Services Ltd (Registered number: 12267130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Hatton Garage Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: F Frixou





REGISTERED OFFICE: 109-111 Derby Road
Duffield
Derbyshire
DE56 4FQ





REGISTERED NUMBER: 12267130 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Hatton Garage Services Ltd (Registered number: 12267130)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 407,016 401,555
408,016 403,555

CURRENT ASSETS
Stocks 4,053 2,687
Debtors 6 8,406 6,267
Cash at bank and in hand 54,851 64,074
67,310 73,028
CREDITORS
Amounts falling due within one year 7 (233,122 ) (285,678 )
NET CURRENT LIABILITIES (165,812 ) (212,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,204

190,905

PROVISIONS FOR LIABILITIES (2,788 ) (893 )
NET ASSETS 239,416 190,012

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 238,416 189,012
SHAREHOLDERS' FUNDS 239,416 190,012

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hatton Garage Services Ltd (Registered number: 12267130)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





F Frixou - Director


Hatton Garage Services Ltd (Registered number: 12267130)

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

1. STATUTORY INFORMATION

Hatton Garage Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Hatton Garage Services Ltd (Registered number: 12267130)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 5,000
AMORTISATION
At 1 November 2022 3,000
Amortisation for year 1,000
At 31 October 2023 4,000
NET BOOK VALUE
At 31 October 2023 1,000
At 31 October 2022 2,000

Hatton Garage Services Ltd (Registered number: 12267130)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 391,575 7,824 10,000 500 409,899
Additions - 7,635 - 1,000 8,635
At 31 October 2023 391,575 15,459 10,000 1,500 418,534
DEPRECIATION
At 1 November 2022 - 3,245 4,880 219 8,344
Charge for year - 1,934 1,024 216 3,174
At 31 October 2023 - 5,179 5,904 435 11,518
NET BOOK VALUE
At 31 October 2023 391,575 10,280 4,096 1,065 407,016
At 31 October 2022 391,575 4,579 5,120 281 401,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,870 2,680
Other debtors 5,536 3,587
8,406 6,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,322 15,105
Taxation and social security 23,555 38,333
Other creditors 197,245 232,240
233,122 285,678

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

Benz Bavarian Limited - an associated company

At 31 October 2023 included in other creditors is an amount outstanding of £148,000 from Benz Bavarian Limited a company in which F Frixou is a director and shareholder. This is an interest free loan. (2022: £172,000).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hatton Garage Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hatton Garage Services Ltd for the year ended 31 October 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hatton Garage Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hatton Garage Services Ltd and state those matters that we have agreed to state to the director of Hatton Garage Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hatton Garage Services Ltd and its director for our work or for this report.

It is your duty to ensure that Hatton Garage Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hatton Garage Services Ltd. You consider that Hatton Garage Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hatton Garage Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


5 February 2024