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Caerwent Garage Ltd
Registered Number:08006975
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Caerwent Garage Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08006975
As at 31 March 2024
Caerwent Garage Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,904
3,180
3
Financial assets
80
80
4
2,984
3,260
Current assets
Inventories
1,000
1,000
5
Trade and other receivables
2,826
3,482
6
3,890
Cash and cash equivalents
7,725
12,207
7,716
Trade and other payables: amounts falling due within one
year
(7,097)
(7,837)
7
619
4,370
Net current assets
Total assets less current liabilities
7,354
3,879
7,354
Net assets
3,879
Capital and reserves
Called up share capital
100
100
Retained earnings
7,254
3,779
7,354
3,879
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Tony Herbert Wallace Director
These financial statements were approved and authorised for issue by the Board on 26 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Caerwent Garage Ltd
Notes to the Financial Statements
Statutory Information
Caerwent Garage Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08006975.
Principal place of business:
Caerwent
Caldicot
Monmouthshire
NP26 5AX
Registered address:
33 Main Road
Portskewett
Caldicot
Monmouthshire
NP26 5SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, has been amortised evenly over its estimated useful life ..
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
20 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 4
5
For the year ended 31 March 2024
Caerwent Garage Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,600
At 31 March 2024
10,600
Amortisation
At 01 April 2023
10,600
At 31 March 2024
10,600
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
16,614
3,131
132
8,761
4,590
693
423
270
-
-
Additions
At 31 March 2024
8,761
402
3,554
17,307
4,590
Provision for depreciation and impairment
At 01 April 2023
13,434
2,035
39
7,273
4,087
Charge for year
969
380
91
372
126
At 31 March 2024
14,403
2,415
130
7,645
4,213
At 31 March 2024
Net book value
377
1,116
272
1,139
2,904
At 31 March 2023
503
1,488
93
1,096
3,180
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6
For the year ended 31 March 2024
Caerwent Garage Ltd
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 April 2023
80
80
Cost
£
£
At 31 March 2024
80
80
At 31 March 2024
Net book value
80
80
At 01 April 2023
80
80
5. Inventories
2023
2024
£
£
Stocks
1,000
1,000
6. Trade and other receivables
2023
2024
£
£
Other debtors
3,482
2,826
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
-
9
Taxation and social security
1,442
752
Other creditors
6,395
6,336
7,837
7,097
8. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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