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REGISTERED NUMBER: 04234663 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Logwood Garage Limited

Logwood Garage Limited (Registered number: 04234663)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Logwood Garage Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: B N Matthewman





SECRETARY:





REGISTERED OFFICE: Log Wood Garage
Sheffield Road
New Mill
Holmfirth
HD9 7JQ





REGISTERED NUMBER: 04234663 (England and Wales)





ACCOUNTANTS: Phillips, Cross & Co Limited
15 Valley Road
Simmondley
Glossop
Derbyshire
SK13 6YN

Logwood Garage Limited (Registered number: 04234663)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 135,584 140,480
135,584 140,480

CURRENT ASSETS
Debtors 6 260,762 260,762

CREDITORS
Amounts falling due within one year 7 183,584 186,283
NET CURRENT ASSETS 77,178 74,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,762

214,959

PROVISIONS FOR LIABILITIES 190 285
NET ASSETS 212,572 214,674

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 202,572 204,674
SHAREHOLDERS' FUNDS 212,572 214,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Logwood Garage Limited (Registered number: 04234663)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 19 September 2024 and were signed by:





B N Matthewman - Director


Logwood Garage Limited (Registered number: 04234663)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Logwood Garage 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Logwood Garage Limited (Registered number: 04234663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 131,000
AMORTISATION
At 1 January 2023
and 31 December 2023 131,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 219,771 68,136 287,907
DEPRECIATION
At 1 January 2023 80,791 66,636 147,427
Charge for year 4,396 500 4,896
At 31 December 2023 85,187 67,136 152,323
NET BOOK VALUE
At 31 December 2023 134,584 1,000 135,584
At 31 December 2022 138,980 1,500 140,480

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 260,762 260,762

Amounts owed to the company by a debtor currently in liquidation.

The accounts state a loan to be repaid to the company of £260,762.00. This amount is repayable by a company which is currently going through liquidation proceedings. At the balance sheet date, and also the date the accounts were signed by the director, there was no indication how much of the £260,762.00 was to be received through the liquidation process prior to the debtor being dissolved.

Logwood Garage Limited (Registered number: 04234663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 19,665 18,569
Taxation and social security 626 637
Other creditors 163,293 167,077
183,584 186,283