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REGISTERED NUMBER: 04061454 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Ady Godwin Specialist Car Body Repairs
Limited

Ady Godwin Specialist Car Body Repairs
Limited (Registered number: 04061454)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ady Godwin Specialist Car Body Repairs
Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: A G Godwin
Mrs J L Godwin
B R Godwin





SECRETARY: Mrs J L Godwin





REGISTERED OFFICE: Orwell House
50 High Street
Hungerford
Berkshire
RG17 0NE





REGISTERED NUMBER: 04061454 (England and Wales)





ACCOUNTANTS: LJ Smith Accountants Ltd
Orwell House
50 High Street
Hungerford
Berkshire
RG17 0NE

Ady Godwin Specialist Car Body Repairs
Limited (Registered number: 04061454)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,258 1,943

CURRENT ASSETS
Stocks 9,200 9,750
Debtors 5 29,685 25,086
Cash at bank 28,573 39,385
67,458 74,221
CREDITORS
Amounts falling due within one year 6 42,346 36,670
NET CURRENT ASSETS 25,112 37,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,370

39,494

CREDITORS
Amounts falling due after more than one
year

7

14,531

14,549
NET ASSETS 36,839 24,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,739 24,845
SHAREHOLDERS' FUNDS 36,839 24,945

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ady Godwin Specialist Car Body Repairs
Limited (Registered number: 04061454)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 10th September 2024 and were signed on its behalf by:





A G Godwin - Director


Ady Godwin Specialist Car Body Repairs
Limited (Registered number: 04061454)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Ady Godwin Specialist Car Body Repairs Limited 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.

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.

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 - 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Ady Godwin Specialist Car Body Repairs
Limited (Registered number: 04061454)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 49,312 12,784 62,096
Additions 1,200 29,990 31,190
At 31st March 2024 50,512 42,774 93,286
DEPRECIATION
At 1st April 2023 47,369 12,784 60,153
Charge for year 877 5,998 6,875
At 31st March 2024 48,246 18,782 67,028
NET BOOK VALUE
At 31st March 2024 2,266 23,992 26,258
At 31st March 2023 1,943 - 1,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,407 25,086
Other debtors 4,278 -
29,685 25,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,018 4,894
Hire purchase contracts 3,333 -
Trade creditors 24,049 16,045
Taxation and social security 6,796 15,031
Other creditors 3,150 700
42,346 36,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,531 14,549
Hire purchase contracts 5,000 -
14,531 14,549