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REGISTERED NUMBER: 06762681 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Station Garages (East Boldon) Limited

Station Garages (East Boldon) Limited (Registered number: 06762681)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Station Garages (East Boldon) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: E Thorius





SECRETARY:





REGISTERED OFFICE: Station Garage
Station Approach
East Boldon
Tyne and Wear
NE36 0AB





REGISTERED NUMBER: 06762681 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Station Garages (East Boldon) Limited (Registered number: 06762681)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 26,000
Tangible assets 5 83,404 75,367
107,404 101,367

CURRENT ASSETS
Stocks (329 ) 94,245
Debtors 6 34,431 6,703
Cash at bank and in hand 18,105 128,046
52,207 228,994
CREDITORS
Amounts falling due within one year 7 40,027 123,917
NET CURRENT ASSETS 12,180 105,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,584

206,444

CAPITAL AND RESERVES
Called up share capital 45,004 45,004
Retained earnings 74,580 161,440
119,584 206,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 February 2024 and were signed by:



E Thorius - Director


Station Garages (East Boldon) Limited (Registered number: 06762681)

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

1. STATUTORY INFORMATION

Station Garages (East Boldon) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Station Garages (East Boldon) Limited (Registered number: 06762681)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 40,000
AMORTISATION
At 1 January 2023 14,000
Charge for year 2,000
At 31 December 2023 16,000
NET BOOK VALUE
At 31 December 2023 24,000
At 31 December 2022 26,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 45,000 132,934 177,934
Additions - 22,645 22,645
At 31 December 2023 45,000 155,579 200,579
DEPRECIATION
At 1 January 2023 9,900 92,667 102,567
Charge for year - 14,608 14,608
At 31 December 2023 9,900 107,275 117,175
NET BOOK VALUE
At 31 December 2023 35,100 48,304 83,404
At 31 December 2022 35,100 40,267 75,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,328
Other debtors 34,431 5,375
34,431 6,703

Station Garages (East Boldon) Limited (Registered number: 06762681)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 19,020 36,009
Taxation and social security 17,081 55,698
Other creditors 3,926 32,210
40,027 123,917