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REGISTERED NUMBER: 07242691 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TC GARAGE EQUIPMENT LIMITED

TC GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 07242691)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TC GARAGE EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 July 2023







DIRECTOR: T C Wilks





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 07242691 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

TC GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 07242691)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,419 1,893

CURRENT ASSETS
Stocks 1,600 2,000
Debtors 5 95,880 111,485
Cash at bank 211,963 182,826
309,443 296,311
CREDITORS
Amounts falling due within one year 6 39,540 35,448
NET CURRENT ASSETS 269,903 260,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,322

262,756

PROVISIONS FOR LIABILITIES 270 360
NET ASSETS 271,052 262,396

CAPITAL AND RESERVES
Called up share capital 5 5
Capital redemption reserve 5 5
Retained earnings 271,042 262,386
SHAREHOLDERS' FUNDS 271,052 262,396

TC GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 07242691)

BALANCE SHEET - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





T C Wilks - Director


TC GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 07242691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023


1. STATUTORY INFORMATION

TC Garage Equipment Limited 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TC GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 07242691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 6,726 1,887 5,277 3,532 17,422
DEPRECIATION
At 1 August 2022 5,709 1,437 5,109 3,274 15,529
Charge for year 254 113 42 65 474
At 31 July 2023 5,963 1,550 5,151 3,339 16,003
NET BOOK VALUE
At 31 July 2023 763 337 126 193 1,419
At 31 July 2022 1,017 450 168 258 1,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,447 24,796
Other debtors 86,433 86,689
95,880 111,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,710 13,250
Taxation and social security 22,823 20,389
Other creditors 2,007 1,809
39,540 35,448

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
T C Wilks
Balance outstanding at start of year 58,960 71,798
Amounts repaid (330 ) (12,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,630 58,960