Registered Number:06049454 |
For the year ended 05 April 2024
England and Wales
Unaudited Financial Statements
Kirkburton Garages Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
12,065
13,025
3
12,065
13,025
650
500
4
Trade and other receivables |
41,191
47,782
5
39,600
Cash and cash equivalents |
31,602
79,884
81,441
Trade and other payables: amounts falling due within one |
year |
(38,832)
(40,817)
6
42,609
39,067
Net current assets
Total assets less current liabilities |
51,132
55,634
Trade and other payables: amounts falling due after more |
than one year |
(22,500)
(12,500)
7
38,632
Net assets
33,134
10
10
38,622
33,124
38,632
33,134
Shareholders' funds
For the year ended 05 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 05 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 21 May 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 05 April 2024
Kirkburton Garages Ltd
Notes to the Financial Statements
Statutory Information
Kirkburton Garages Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06049454. |
Springfield Mills
Kirkburton
Huddersfield
HD7 7TH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 05 April 2024
Kirkburton Garages Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
36,000
36,000
36,000
36,000
-
-
3. Property, plant and equipment |
Motor vehicles
26,568
6,600
19,968
2,062
-
2,062
22,030
6,600
28,630
Provision for depreciation and impairment |
13,543
6,375
7,168
Charge for year
3,022
50
2,972
16,565
6,425
10,140
11,890
175
12,065
12,800
225
13,025
2023
2024
500
650
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For the year ended 05 April 2024
Kirkburton Garages Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
34,260
32,386
Amounts owed by directors |
13,522
8,805
41,191
47,782
6. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
5,418
13,712
Taxation and social security |
21,051
12,970
Accruals and deferred income |
4,348
2,150
40,817
38,832
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
12,500
22,500
8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
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