2023-04-012024-03-312024-03-31false06187501GROVE HILL GARAGE LIMITED2024-09-1745200iso4217:GBPxbrli:pure061875012023-04-01061875012024-03-31061875012023-04-012024-03-31061875012022-04-01061875012023-03-31061875012022-04-012023-03-3106187501bus:SmallEntities2023-04-012024-03-3106187501bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106187501bus:FullAccounts2023-04-012024-03-3106187501bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106187501core:WithinOneYear2024-03-3106187501core:AfterOneYear2024-03-3106187501core:WithinOneYear2023-03-3106187501core:AfterOneYear2023-03-3106187501core:ShareCapital2024-03-3106187501core:SharePremium2024-03-3106187501core:RevaluationReserve2024-03-3106187501core:OtherReservesSubtotal2024-03-3106187501core:RetainedEarningsAccumulatedLosses2024-03-3106187501core:ShareCapital2023-03-3106187501core:SharePremium2023-03-3106187501core:RevaluationReserve2023-03-3106187501core:OtherReservesSubtotal2023-03-3106187501core:RetainedEarningsAccumulatedLosses2023-03-3106187501core:LandBuildings2024-03-3106187501core:PlantMachinery2024-03-3106187501core:Vehicles2024-03-3106187501core:FurnitureFittings2024-03-3106187501core:OfficeEquipment2024-03-3106187501core:NetGoodwill2024-03-3106187501core:IntangibleAssetsOtherThanGoodwill2024-03-3106187501core:ListedExchangeTraded2024-03-3106187501core:UnlistedNon-exchangeTraded2024-03-3106187501core:LandBuildings2023-03-3106187501core:PlantMachinery2023-03-3106187501core:Vehicles2023-03-3106187501core:FurnitureFittings2023-03-3106187501core:OfficeEquipment2023-03-3106187501core:NetGoodwill2023-03-3106187501core:IntangibleAssetsOtherThanGoodwill2023-03-3106187501core:ListedExchangeTraded2023-03-3106187501core:UnlistedNon-exchangeTraded2023-03-3106187501core:LandBuildings2023-04-012024-03-3106187501core:PlantMachinery2023-04-012024-03-3106187501core:Vehicles2023-04-012024-03-3106187501core:FurnitureFittings2023-04-012024-03-3106187501core:OfficeEquipment2023-04-012024-03-3106187501core:NetGoodwill2023-04-012024-03-3106187501core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106187501core:ListedExchangeTraded2023-04-012024-03-3106187501core:UnlistedNon-exchangeTraded2023-04-012024-03-3106187501core:MoreThanFiveYears2023-04-012024-03-3106187501core:Non-currentFinancialInstruments2024-03-3106187501core:Non-currentFinancialInstruments2023-03-3106187501dpl:CostSales2023-04-012024-03-3106187501dpl:DistributionCosts2023-04-012024-03-3106187501core:LandBuildings2023-04-012024-03-3106187501core:PlantMachinery2023-04-012024-03-3106187501core:Vehicles2023-04-012024-03-3106187501core:FurnitureFittings2023-04-012024-03-3106187501core:OfficeEquipment2023-04-012024-03-3106187501dpl:AdministrativeExpenses2023-04-012024-03-3106187501core:NetGoodwill2023-04-012024-03-3106187501core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106187501dpl:GroupUndertakings2023-04-012024-03-3106187501dpl:ParticipatingInterests2023-04-012024-03-3106187501dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106187501core:ListedExchangeTraded2023-04-012024-03-3106187501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106187501core:UnlistedNon-exchangeTraded2023-04-012024-03-3106187501dpl:CostSales2022-04-012023-03-3106187501dpl:DistributionCosts2022-04-012023-03-3106187501core:LandBuildings2022-04-012023-03-3106187501core:PlantMachinery2022-04-012023-03-3106187501core:Vehicles2022-04-012023-03-3106187501core:FurnitureFittings2022-04-012023-03-3106187501core:OfficeEquipment2022-04-012023-03-3106187501dpl:AdministrativeExpenses2022-04-012023-03-3106187501core:NetGoodwill2022-04-012023-03-3106187501core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106187501dpl:GroupUndertakings2022-04-012023-03-3106187501dpl:ParticipatingInterests2022-04-012023-03-3106187501dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106187501core:ListedExchangeTraded2022-04-012023-03-3106187501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106187501core:UnlistedNon-exchangeTraded2022-04-012023-03-3106187501core:NetGoodwill2024-03-3106187501core:IntangibleAssetsOtherThanGoodwill2024-03-3106187501core:LandBuildings2024-03-3106187501core:PlantMachinery2024-03-3106187501core:Vehicles2024-03-3106187501core:FurnitureFittings2024-03-3106187501core:OfficeEquipment2024-03-3106187501core:AfterOneYear2024-03-3106187501core:WithinOneYear2024-03-3106187501core:ListedExchangeTraded2024-03-3106187501core:UnlistedNon-exchangeTraded2024-03-3106187501core:ShareCapital2024-03-3106187501core:SharePremium2024-03-3106187501core:RevaluationReserve2024-03-3106187501core:OtherReservesSubtotal2024-03-3106187501core:RetainedEarningsAccumulatedLosses2024-03-3106187501core:NetGoodwill2023-03-3106187501core:IntangibleAssetsOtherThanGoodwill2023-03-3106187501core:LandBuildings2023-03-3106187501core:PlantMachinery2023-03-3106187501core:Vehicles2023-03-3106187501core:FurnitureFittings2023-03-3106187501core:OfficeEquipment2023-03-3106187501core:AfterOneYear2023-03-3106187501core:WithinOneYear2023-03-3106187501core:ListedExchangeTraded2023-03-3106187501core:UnlistedNon-exchangeTraded2023-03-3106187501core:ShareCapital2023-03-3106187501core:SharePremium2023-03-3106187501core:RevaluationReserve2023-03-3106187501core:OtherReservesSubtotal2023-03-3106187501core:RetainedEarningsAccumulatedLosses2023-03-3106187501core:NetGoodwill2022-04-0106187501core:IntangibleAssetsOtherThanGoodwill2022-04-0106187501core:LandBuildings2022-04-0106187501core:PlantMachinery2022-04-0106187501core:Vehicles2022-04-0106187501core:FurnitureFittings2022-04-0106187501core:OfficeEquipment2022-04-0106187501core:AfterOneYear2022-04-0106187501core:WithinOneYear2022-04-0106187501core:ListedExchangeTraded2022-04-0106187501core:UnlistedNon-exchangeTraded2022-04-0106187501core:ShareCapital2022-04-0106187501core:SharePremium2022-04-0106187501core:RevaluationReserve2022-04-0106187501core:OtherReservesSubtotal2022-04-0106187501core:RetainedEarningsAccumulatedLosses2022-04-0106187501core:AfterOneYear2023-04-012024-03-3106187501core:WithinOneYear2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106187501core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3106187501core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3106187501core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3106187501core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3106187501core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3106187501bus:Director12023-04-012024-03-3106187501bus:Director22023-04-012024-03-3106187501bus:Director32023-04-012024-03-31

GROVE HILL GARAGE LIMITED

Registered Number
06187501
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

GROVE HILL GARAGE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WRIGHT, David John
WRIGHT, Nora
WRIGHT, Philip Ian

Company Secretary

NICOL, Catherine Jane

Registered Address

Grove Hill Garage Station Road
Bentham
Lancaster
LA2 7LH

Registered Number

06187501 (England and Wales)
GROVE HILL GARAGE LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets32573,338
Tangible assets4184,365177,748
184,622181,086
Current assets
Stocks573,42599,577
Debtors668,799135,255
Cash at bank and on hand38,7401,847
180,964236,679
Creditors amounts falling due within one year7(173,607)(233,469)
Net current assets (liabilities)7,3573,210
Total assets less current liabilities191,979184,296
Provisions for liabilities8(15,000)(13,600)
Net assets176,979170,696
Capital and reserves
Called up share capital88
Profit and loss account176,971170,688
Shareholders' funds176,979170,696
The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2024, and are signed on its behalf by:
WRIGHT, Philip Ian
Director
Registered Company No. 06187501
GROVE HILL GARAGE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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. Franchise are being amortised evenly over their estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings5
Plant and machinery15
Vehicles25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year1210
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2315,00015,000
At 31 March 2415,00015,000
Amortisation and impairment
At 01 April 2311,66211,662
Charge for year3,0813,081
At 31 March 2414,74314,743
Net book value
At 31 March 24257257
At 31 March 233,3383,338
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 April 23105,146191,659135,762432,567
Additions21,1283,2958,50032,923
Disposals--(8,550)(8,550)
At 31 March 24126,274194,954135,712456,940
Depreciation and impairment
At 01 April 2337,367138,53178,921254,819
Charge for year2,2238,14614,10724,476
On disposals--(6,720)(6,720)
At 31 March 2439,590146,67786,308272,575
Net book value
At 31 March 2486,68448,27749,404184,365
At 31 March 2367,77953,12856,841177,748
5.Stocks

2024

2023

££
Other stocks73,42599,577
Total73,42599,577
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables68,799133,779
Other debtors-1,476
Total68,799135,255
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables45,19658,228
Bank borrowings and overdrafts-35,509
Amounts owed to related parties97,263111,952
Taxation and social security27,35725,197
Accrued liabilities and deferred income3,7912,583
Total173,607233,469
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)15,00013,600
Total15,00013,600