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REGISTRAR OF COMPANIES

Registration number: 11569711

Davidsons Garage Holdings Limited

Unaudited Financial Statements

31 December 2023

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Davidsons Garage Holdings Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Davidsons Garage Holdings Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Davidsons Garage Holdings Limited for the year ended 31 December 2023 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Davidsons Garage Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 2 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of Davidsons Garage Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Davidsons Garage Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Davidsons Garage Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Davidsons Garage Holdings 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 results of Davidsons Garage Holdings Limited. You consider that Davidsons Garage Holdings 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 Davidsons Garage Holdings 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 statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

19 April 2024

 

Davidsons Garage Holdings Limited

(Registration number: 11569711)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

236,424

236,424

Current assets

 

Debtors

5

632,621

720,545

Creditors: Amounts falling due within one year

6

(131,618)

(219,542)

Net current assets

 

501,003

501,003

Net assets

 

737,427

737,427

Capital and reserves

 

Allotted, called up and fully paid share capital

2,500

2,500

Profit and loss account

734,927

734,927

Total equity

 

737,427

737,427

 

Davidsons Garage Holdings Limited

(Registration number: 11569711)
Balance Sheet as at 31 December 2023 (continued)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 April 2024 and signed on its behalf by:
 

.........................................

A C Armstrong

Director

.........................................

W E Stamper

Director

.........................................

J J Stamper

Director

 

Davidsons Garage Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Group accounts not prepared

The company is exempt from preparing group accounts in accordance with s399 of the Companies Act 2006 as it is subject to the small companies regime.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Davidsons Garage Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

236,424

236,424

Subsidiaries

£

Cost or valuation

At 1 January 2023

1,877,497

At 31 December 2023

1,877,497

Provision

At 1 January 2023

1,641,073

At 31 December 2023

1,641,073

Carrying amount

At 31 December 2023

236,424

At 31 December 2022

236,424

 

Davidsons Garage Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Debtors

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

632,621

720,545

632,621

720,545

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

131,618

219,542

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

131,618

219,542