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REGISTERED NUMBER: 09842971 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Bagshot Garage (Surrey) Limited

Bagshot Garage (Surrey) Limited (Registered number: 09842971)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bagshot Garage (Surrey) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Ludlam





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW





REGISTERED NUMBER: 09842971 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Bagshot Garage (Surrey) Limited (Registered number: 09842971)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,998 13,504

CURRENT ASSETS
Cash at bank and in hand 35,427 37,407

CREDITORS
Amounts falling due within one year 5 27,246 33,273
NET CURRENT ASSETS 8,181 4,134
TOTAL ASSETS LESS CURRENT LIABILITIES 22,179 17,638

PROVISIONS FOR LIABILITIES 2,660 2,566
NET ASSETS 19,519 15,072

CAPITAL AND RESERVES
Called up share capital 6 20 20
Retained earnings 7 19,499 15,052
SHAREHOLDERS' FUNDS 19,519 15,072

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.

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 19 July 2024 and were signed by:





P Ludlam - Director


Bagshot Garage (Surrey) Limited (Registered number: 09842971)

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

1. STATUTORY INFORMATION

Bagshot Garage (Surrey) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 23,530 8,600 603 32,733
Additions 3,195 - - 3,195
At 31 October 2023 26,725 8,600 603 35,928
DEPRECIATION
At 1 November 2022 14,890 3,736 603 19,229
Charge for year 1,728 973 - 2,701
At 31 October 2023 16,618 4,709 603 21,930
NET BOOK VALUE
At 31 October 2023 10,107 3,891 - 13,998
At 31 October 2022 8,640 4,864 - 13,504

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 7,987 15,481
Tax 3,529 3,206
Social security and other taxes 1,474 1,178
VAT 3,537 2,533
Directors' current accounts 119 275
Accrued expenses 10,600 10,600
27,246 33,273

Bagshot Garage (Surrey) Limited (Registered number: 09842971)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
20 Ordinary A 1 20 20

7. RESERVES
Retained
earnings
£   

At 1 November 2022 15,052
Profit for the year 15,447
Dividends (11,000 )
At 31 October 2023 19,499