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Registered number: 05204038

Red Oak Garage Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023

Prepared By:
J D Services (South East) Limited
Chartered Certified Accountants
95 London Road
Maidstone
Kent
ME16 0EB

Red Oak Garage Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
DIRECTORS
Rebecca Louise Reeves
Simon John Reeves
SECRETARY
Rebecca Louise Reeves
REGISTERED OFFICE
Unit 7 Buckland Road Industrial Estate
Maidstone
Kent
ME16 0SL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05204038
ACCOUNTANTS
J D Services (South East) Limited
Chartered Certified Accountants
95 London Road
Maidstone
Kent
ME16 0EB

Red Oak Garage Limited

ACCOUNTS
FOR THEYEARENDED31/08/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Red Oak Garage Limited

BALANCE SHEET AT 31/08/2023
20232022
Notes££
FIXED ASSETS
Tangible assets218,80231,019
CURRENT ASSETS
Stock3,5153,750
Debtors4154,138135,773
Cash at bank and in hand318,425507,666
476,078647,189
CREDITORS: Amounts falling due within one year5112,933100,520
NET CURRENT ASSETS363,145546,669
TOTAL ASSETS LESS CURRENT LIABILITIES381,947577,688
PROVISIONS FOR LIABILITIES AND CHARGES72,7755,090
NET ASSETS379,172572,598
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account379,170572,596
SHAREHOLDERS' FUNDS379,172572,598
For the year ending 31/08/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/03/2024 and signed on their behalf by
.............................
Simon John Reeves
Director
.............................
Rebecca Louise Reeves
Director

Red Oak Garage Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Commercial Vehiclesreducing balance 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Red Oak Garage Limited

2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercial
PropertiesMachineryVehiclesEquipmentTotal
£££££
Cost
At 01/09/20222,500129,15429,01815,026175,698
Additions---5,9145,914
Disposals--(1,350)-(1,350)
Revaluation-(79,562)-(9,309)(88,871)
At 31/08/20232,50049,59227,66811,63191,391
Depreciation
At 01/09/2022-112,07620,33812,265144,679
Disposals--(1,085)-(1,085)
Revaluation-(79,562)-(9,309)(88,871)
For the year-10,2815,2722,31317,866
At 31/08/2023-42,79524,5255,26972,589
Net Book Amounts
At 31/08/20232,5006,7973,1436,36218,802
At 31/08/20222,50017,0788,6802,76131,019
3. STOCK 20232022
££
Stock comprises:
Stock of parts and consumables3,5153,750
3,5153,750
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors144,894128,804
Other debtors9,2446,969
154,138135,773

Red Oak Garage Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax27,77828,350
VAT12,86215,498
Directors current account1,19069
Bank loans and overdrafts823-
Trade creditors60,69349,381
Other creditors & accruals9,5877,222
112,933100,520
Other creditors include £8,237 (2022: £5,872) in respect of payroll liabilities and £1,350 (2022: £1,350) in respect of accrued expenses.
6. EMPLOYEES
20232022
No.No.
Average number of employees1011
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,7755,090
2,7755,090
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. CONTROLLING PARTY
The directors consider that there is no ultimate controlling party.