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Company Registration No. 09856485 (England and Wales)
Smallbills Garage Limited Unaudited accounts for the year ended 30 November 2023
Smallbills Garage Limited Unaudited accounts Contents
Page
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Smallbills Garage Limited Company Information for the year ended 30 November 2023
Director
Mr Derek John Flynn
Company Number
09856485 (England and Wales)
Registered Office
Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Smallbills Garage Limited Accountants' report
Accountants' report to the director of Smallbills Garage Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Smallbills Garage Limited for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Smallbills Garage Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Smallbills Garage Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smallbills Garage Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Smallbills Garage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Smallbills Garage Limited. You consider that Smallbills Garage Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Smallbills Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 15 August 2024
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Smallbills Garage Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,489 
24,641 
Current assets
Inventories
11,420 
6,110 
Debtors
22,610 
18,636 
Cash at bank and in hand
5,027 
15,766 
39,057 
40,512 
Creditors: amounts falling due within one year
(30,785)
(29,793)
Net current assets
8,272 
10,719 
Total assets less current liabilities
25,761 
35,360 
Creditors: amounts falling due after more than one year
(25,214)
(35,214)
Net assets
547 
146 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
447 
46 
Shareholders' funds
547 
146 
For the year ending 30 November 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2024 and were signed on its behalf by
Mr Derek John Flynn Director Company Registration No. 09856485
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Smallbills Garage Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Smallbills Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 09856485. The registered office is Morritt House, 54-60 Station Approach, South Ruislip, Ruislip, HA4 6SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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Smallbills Garage Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
35,759 
At 30 November 2023
35,759 
Depreciation
At 1 December 2022
11,118 
Charge for the year
7,152 
At 30 November 2023
18,270 
Net book value
At 30 November 2023
17,489 
At 30 November 2022
24,641 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,342 
14,653 
Accrued income and prepayments
10,268 
3,983 
22,610 
18,636 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,518 
6,963 
Trade creditors
13,066 
8,727 
Taxes and social security
4,358 
3,437 
Other creditors
- 
742 
Loans from directors
7,530 
9,776 
Accruals
313 
148 
30,785 
29,793 
Included above is a loan of £7,530 (2022 - £9,776) from Derek John Flynn, the company director
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,214 
35,214 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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