Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05928521 Mr D J Medcalf Ms C J Medcalf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05928521 2022-11-30 05928521 2023-11-30 05928521 2022-12-01 2023-11-30 05928521 frs-core:FurnitureFittings 2022-12-01 2023-11-30 05928521 frs-core:NetGoodwill 2022-12-01 2023-11-30 05928521 frs-core:MotorVehicles 2022-12-01 2023-11-30 05928521 frs-core:PlantMachinery 2022-12-01 2023-11-30 05928521 frs-core:ShareCapital 2023-11-30 05928521 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05928521 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05928521 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 05928521 frs-bus:SmallEntities 2022-12-01 2023-11-30 05928521 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05928521 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05928521 frs-bus:Director1 2022-12-01 2023-11-30 05928521 frs-bus:Director1 2022-11-30 05928521 frs-bus:Director1 2023-11-30 05928521 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 05928521 frs-countries:EnglandWales 2022-12-01 2023-11-30 05928521 2021-11-30 05928521 2022-11-30 05928521 2021-12-01 2022-11-30 05928521 frs-core:ShareCapital 2022-11-30 05928521 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 05928521
Lavender Hill Garage Enfield Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—8
Page 1
Company Information
Director Mr D J Medcalf
Secretary Ms C J Medcalf
Company Number 05928521
Registered Office 78 The Ridgeway
Enfield
Middlesex
EN2 8JF
Accountants Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
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Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Lavender Hill Garage Enfield Limited for the year ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lavender Hill Garage Enfield Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Lavender Hill Garage Enfield Limited , as a body, in accordance with our terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Lavender Hill Garage Enfield Limited and state those matters that we have agreed to state to the director of Lavender Hill Garage Enfield Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavender Hill Garage Enfield Limited and its director as a body for our work or for this report.
It is your duty to ensure that Lavender Hill Garage Enfield 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 or loss of Lavender Hill Garage Enfield Limited . You consider that Lavender Hill Garage Enfield 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 Lavender Hill Garage Enfield 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 financial statements.
Signed
21st August 2024
Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
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Page 3
Abridged Balance Sheet
Registered number: 05928521
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 75 100
Tangible Assets 5 84,793 53,469
84,868 53,569
CURRENT ASSETS
Stocks 68,030 102,938
Debtors 89,398 195,444
Cash at bank and in hand 789,949 454,623
947,377 753,005
Creditors: Amounts Falling Due Within One Year (238,766 ) (191,619 )
NET CURRENT ASSETS (LIABILITIES) 708,611 561,386
TOTAL ASSETS LESS CURRENT LIABILITIES 793,479 614,955
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,779 ) (10,159 )
NET ASSETS 783,700 604,796
CAPITAL AND RESERVES
Called up share capital 6 1,100 1,100
Profit and Loss Account 782,600 603,696
SHAREHOLDERS' FUNDS 783,700 604,796
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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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D J Medcalf
Director
21st August 2024
The notes on pages 5 to 8 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Lavender Hill Garage Enfield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05928521 . The registered office is 78 The Ridgeway, Enfield, Middlesex, EN2 8JF.
The presentation currency of the accounts is in Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts, other sales taxes and value added tax.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's
interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is being amortised on a straight-line basis over its estimated useful life of twenty years in connection with
the acquisition of a business in 2006.
Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value
assumed to be zero, over its useful economic life.
Goodwill amortisation is included in administrative expenses in the statement of comprehensive income.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in
circumstances indicate that the carrying value may not be recoverable.
The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the profit and loss account and included in the other operating income.
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2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.
Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.
2.8. Taxation
Taxaion for the year comprises the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.11. Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.12. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense in the period in which they are incurred.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.13. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 10)
10 10
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 500
As at 30 November 2023 500
Amortisation
As at 1 December 2022 400
Provided during the period 25
As at 30 November 2023 425
Net Book Value
As at 30 November 2023 75
As at 1 December 2022 100
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5. Tangible Assets
Total
£
Cost
As at 1 December 2022 127,680
Additions 52,522
As at 30 November 2023 180,202
Depreciation
As at 1 December 2022 74,211
Provided during the period 21,198
As at 30 November 2023 95,409
Net Book Value
As at 30 November 2023 84,793
As at 1 December 2022 53,469
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,100 1,100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr David Medcalf 105,495 107,949 (213,444 ) - -
The above loans are unsecured and repayable on demand. Where applicable interest has been charged on these loans by the company at the average official rate of interest. 
8. Particulars of a Mortgage or Charge
There is a legal charge registered securing all monies due from the company to Shell UK Limited.
Liability Limitation Agreement With The Accountant
The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited in respect of advice given and the preparation of any financial statements. The liability agreement strictly restricts the liability of Lee Christian & Co Limited solely to   Lavender Hill Garage Enfield Limited (the company) and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee Christian & Co Limited engagement letter and terms and conditions.
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