Company Registration No. 13017360 (England and Wales)
Grandad's Garage Ltd
Unaudited accounts
for the year ended 30 November 2023
Grandad's Garage Ltd
Unaudited accounts
Contents
Grandad's Garage Ltd
Company Information
for the year ended 30 November 2023
Company Number
13017360 (England and Wales)
Registered Office
4 Ashgrove
Steeple Claydon
Buckingham
Buckinghamshire
MK18 2NW
England
Accountants
KLS Accountancy Services
Building 330 Office G8
Westcott Venture Park
Aylesbury
Buckinghamshire
HP18 0XB
Grandad's Garage Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
8,971
11,847
Cash at bank and in hand
3,740
2,254
Creditors: amounts falling due within one year
(16,909)
(20,024)
Net current liabilities
(12,880)
(16,880)
Net liabilities
(3,909)
(5,033)
Called up share capital
1,000
1,000
Profit and loss account
(4,909)
(6,033)
Shareholders' funds
(3,909)
(5,033)
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 22 August 2024 and were signed on its behalf by
Jason Bullock
Director
Company Registration No. 13017360
Grandad's Garage Ltd
Notes to the Accounts
for the year ended 30 November 2023
Grandad's Garage Ltd is a private company, limited by shares, registered in England and Wales, registration number 13017360. The registered office is 4 Ashgrove, Steeple Claydon, Buckingham, Buckinghamshire, MK18 2NW, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
15,757
2,525
18,282
At 30 November 2023
15,757
2,525
18,282
At 1 December 2022
5,638
797
6,435
Charge for the year
2,530
346
2,876
At 30 November 2023
8,168
1,143
9,311
At 30 November 2023
7,589
1,382
8,971
At 30 November 2022
10,119
1,728
11,847
Amounts falling due within one year
Grandad's Garage Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(4,539)
661
Loans from directors
18,063
18,063
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).