Registered Number:08006975 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
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
Caerwent Garage Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
2,904
3,180
3
80
80
4
2,984
3,260
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
100
100
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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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
33 Main Road
Portskewett
Caldicot
Monmouthshire
NP26 5SA
The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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. |
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For the year ended 31 March 2024
Caerwent Garage Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
10,600
10,600
10,600
10,600
-
-
3. Property, plant and equipment |
Motor vehicles
16,614
3,131
132
8,761
4,590
693
423
270
-
-
8,761
402
3,554
17,307
4,590
Provision for depreciation and impairment |
13,434
2,035
39
7,273
4,087
Charge for year
969
380
91
372
126
14,403
2,415
130
7,645
4,213
377
1,116
272
1,139
2,904
503
1,488
93
1,096
3,180
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For the year ended 31 March 2024
Caerwent Garage Ltd
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
80
80
80
80
80
80
80
80
2023
2024
1,000
1,000
6. Trade and other receivables |
2023
2024
3,482
2,826
7. Trade and other payables: amounts falling due within one year |
2023
2024
-
9
Taxation and social security |
1,442
752
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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