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REGISTERED NUMBER: 10499007 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD.

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T M Reynolds-Duffy





REGISTERED OFFICE: Central Garage
Four Lanes
Redruth
Cornwall
TR16 6QW





REGISTERED NUMBER: 10499007 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,843 10,373
Tangible assets 5 7,245 9,976
15,088 20,349

CURRENT ASSETS
Debtors 6 2,925 1,410
Cash at bank and in hand 10,832 1,550
13,757 2,960
CREDITORS
Amounts falling due within one year 7 49,931 40,330
NET CURRENT LIABILITIES (36,174 ) (37,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,086

)

(17,021

)

CREDITORS
Amounts falling due after more than one
year

8

35,781

45,485
NET LIABILITIES (56,867 ) (62,506 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (56,868 ) (62,507 )
(56,867 ) (62,506 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

BALANCE SHEET - continued
31 MARCH 2024


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 25 August 2024 and were signed by:





T M Reynolds-Duffy - Director


CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Central Garage MOT and Repair Centre Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2016, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The company has net liabilities and is reliant upon the continued support of its director. The director believes the going concern basis of preparing the financial statements to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,300
AMORTISATION
At 1 April 2023 14,927
Charge for year 2,530
At 31 March 2024 17,457
NET BOOK VALUE
At 31 March 2024 7,843
At 31 March 2023 10,373

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 24,486 - 6,999 3,491 34,976
Additions 1,224 232 - 538 1,994
At 31 March 2024 25,710 232 6,999 4,029 36,970
DEPRECIATION
At 1 April 2023 20,801 - 1,400 2,799 25,000
Charge for year 2,663 46 1,400 616 4,725
At 31 March 2024 23,464 46 2,800 3,415 29,725
NET BOOK VALUE
At 31 March 2024 2,246 186 4,199 614 7,245
At 31 March 2023 3,685 - 5,599 692 9,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 1,517 442
Other debtors 1,408 968
2,925 1,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 13,015 21,425
Trade creditors 22,161 12,681
Taxation and social security 3,231 3,083
Other creditors 11,524 3,141
49,931 40,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 17,025 21,799
Other creditors 18,756 23,686
35,781 45,485

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £162 (2023 - £162).

CENTRAL GARAGE MOT AND REPAIR CENTRE
LTD. (REGISTERED NUMBER: 10499007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
T M Reynolds-Duffy
Balance outstanding at start of year 87 814
Amounts advanced 7,634 1,275
Amounts repaid (13,955 ) (2,002 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,234 ) 87