Decka's Garage Ltd 09110990 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true true 09110990 2022-08-01 2023-07-31 09110990 2023-07-31 09110990 bus:OrdinaryShareClass1 2023-07-31 09110990 bus:OrdinaryShareClass2 2023-07-31 09110990 bus:OrdinaryShareClass3 2023-07-31 09110990 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09110990 core:Non-currentFinancialInstruments 2023-07-31 09110990 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 09110990 core:OtherPropertyPlantEquipment 2023-07-31 09110990 bus:SmallEntities 2022-08-01 2023-07-31 09110990 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09110990 bus:FilletedAccounts 2022-08-01 2023-07-31 09110990 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09110990 bus:RegisteredOffice 2022-08-01 2023-07-31 09110990 bus:Director1 2022-08-01 2023-07-31 09110990 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09110990 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 09110990 bus:OrdinaryShareClass3 2022-08-01 2023-07-31 09110990 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09110990 core:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 09110990 core:PlantMachinery 2022-08-01 2023-07-31 09110990 countries:AllCountries 2022-08-01 2023-07-31 09110990 2022-07-31 09110990 core:OtherPropertyPlantEquipment 2022-07-31 09110990 2021-08-01 2022-07-31 09110990 2022-07-31 09110990 bus:OrdinaryShareClass1 2022-07-31 09110990 bus:OrdinaryShareClass2 2022-07-31 09110990 bus:OrdinaryShareClass3 2022-07-31 09110990 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 09110990 core:Non-currentFinancialInstruments 2022-07-31 09110990 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 09110990 core:OtherPropertyPlantEquipment 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09110990

Decka's Garage Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Decka's Garage Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Decka's Garage Ltd

Company Information

Director

Mr Oriosvaldo Beserra Lima

Registered office

12 Carlisle Road
London
NW9 0HL

Accountants

Loyal Accountancy Ltd
Suite 2.04
Oxford House
49 Oxford Road
London
N4 3EY

 

Decka's Garage Ltd

(Registration number: 09110990)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,301

1,531

Current assets

 

Cash at bank and in hand

 

5,702

1,051

Creditors: Amounts falling due within one year

4

(42,890)

(58,186)

Net current liabilities

 

(37,188)

(57,135)

Total assets less current liabilities

 

(35,887)

(55,604)

Creditors: Amounts falling due after more than one year

4

(37,919)

(43,892)

Net liabilities

 

(73,806)

(99,496)

Capital and reserves

 

Called up share capital

5

1,002

1,002

Retained earnings

(74,808)

(100,498)

Shareholders' deficit

 

(73,806)

(99,496)

 

Decka's Garage Ltd

(Registration number: 09110990)
Balance Sheet as at 31 July 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2023
 

.........................................
Mr Oriosvaldo Beserra Lima
Director

 

Decka's Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

 

Decka's Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Decka's Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2022

6,622

6,622

At 31 July 2023

6,622

6,622

Depreciation

At 1 August 2022

5,091

5,091

Charge for the year

230

230

At 31 July 2023

5,321

5,321

Carrying amount

At 31 July 2023

1,301

1,301

At 31 July 2022

1,531

1,531

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

42,890

58,186

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

37,919

43,892

 

Decka's Garage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

Ordinary A share of £1 each

1

1

1

1

Ordinary B share of £1 each

1

1

1

1

1,002

1,002

1,002

1,002

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

37,919

43,892