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Registration number: 04524696

Alhambra Garage Ltd

Unaudited Financial Statements

for the Period from 1 October 2022 to 29 September 2023

 

Alhambra Garage Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Alhambra Garage Ltd

(Registration number: 04524696)
Balance Sheet as at 29 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

15,265

20,500

Current assets

 

Stocks

5

500

500

Debtors

6

9,156

22,883

Cash at bank and in hand

 

9,286

35,887

 

18,942

59,270

Creditors: Amounts falling due within one year

7

(44,199)

(39,051)

Net current (liabilities)/assets

 

(25,257)

20,219

Total assets less current liabilities

 

(9,992)

40,719

Creditors: Amounts falling due after more than one year

7

(25,000)

(35,000)

Net (liabilities)/assets

 

(34,992)

5,719

Capital and reserves

 

Called up share capital

104

104

Retained earnings

(35,096)

5,615

Shareholders' (deficit)/funds

 

(34,992)

5,719

 

Alhambra Garage Ltd

(Registration number: 04524696)
Balance Sheet as at 29 September 2023

For the financial period ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 June 2024
 

.........................................
Mr T Hine
Director

 

Alhambra Garage Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Alhambra Garage Ltd Herbert Road
Normacot
Stoke-On-Trent
Staffordshire
ST3 4QR
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Alhambra Garage Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be
recognised in other operating income on a systematic basis over the periods in which the company recognises
the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

Tax

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% reducing balance

Motor vehicles

25% reducing balance

Fixtures & fittings

33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Alhambra Garage Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Alhambra Garage Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 October 2022

650

11,700

21,396

33,746

At 29 September 2023

650

11,700

21,396

33,746

Depreciation

At 1 October 2022

217

4,473

8,556

13,246

Charge for the period

216

1,809

3,210

5,235

At 29 September 2023

433

6,282

11,766

18,481

Carrying amount

At 29 September 2023

217

5,418

9,630

15,265

At 30 September 2022

433

7,227

12,840

20,500

5

Stocks

2023
£

2022
£

Other inventories

500

500

6

Debtors

Current

2023
£

2022
£

Trade debtors

7,884

8,513

Prepayments

1,272

1,264

Other debtors

-

13,106

 

9,156

22,883

 

Alhambra Garage Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 September 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

2,096

14,203

Taxation and social security

 

144

2,685

Accruals and deferred income

 

7,467

800

Other creditors

 

24,492

11,363

 

44,199

39,051

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

25,000

35,000