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REGISTERED NUMBER: 06723347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lickey Hills Garage Limited

Lickey Hills Garage Limited (Registered number: 06723347)






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


Lickey Hills Garage Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G J Jennings





REGISTERED OFFICE: 283 Old Birmingham Road
Marlbrook
Bromsgrove
B60 1HQ





REGISTERED NUMBER: 06723347 (England and Wales)





ACCOUNTANTS: LR Business Services Limited
Old Orchard
Crown East Lane
Lower Broadheath
Worcester
Worcestershire
WR2 6RH

Lickey Hills Garage Limited (Registered number: 06723347)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,543 33,220

CURRENT ASSETS
Stocks 1,750 2,100
Debtors 5 172,703 87,037
Cash at bank and in hand 22,091 45,059
196,544 134,196
CREDITORS
Amounts falling due within one year 6 74,193 41,239
NET CURRENT ASSETS 122,351 92,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,894

126,177

CREDITORS
Amounts falling due after more than
one year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (6,914 ) (5,728 )
NET ASSETS 131,813 96,282

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,713 96,182
131,813 96,282

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.

Lickey Hills Garage Limited (Registered number: 06723347)

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 12 September 2024 and were signed by:





G J Jennings - Director


Lickey Hills Garage Limited (Registered number: 06723347)

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

1. STATUTORY INFORMATION

Lickey Hills 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Lickey Hills Garage Limited (Registered number: 06723347)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 3,655 104,473 15,497
Additions - 7,260 -
At 31 December 2023 3,655 111,733 15,497
DEPRECIATION
At 1 January 2023 3,655 78,125 9,625
Charge for year - 6,545 2,892
At 31 December 2023 3,655 84,670 12,517
NET BOOK VALUE
At 31 December 2023 - 27,063 2,980
At 31 December 2022 - 26,348 5,872

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 2,000 3,899 129,524
Additions - - 7,260
At 31 December 2023 2,000 3,899 136,784
DEPRECIATION
At 1 January 2023 1,000 3,899 96,304
Charge for year 500 - 9,937
At 31 December 2023 1,500 3,899 106,241
NET BOOK VALUE
At 31 December 2023 500 - 30,543
At 31 December 2022 1,000 - 33,220

Lickey Hills Garage Limited (Registered number: 06723347)

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

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 1,920 3,055
Amounts owed by participating interests - 71,500
Directors' current accounts 43,543 -
VAT - 2,512
Prepayments & accrued income 11,740 9,970
57,203 87,037

Amounts falling due after more than one year:
Amounts owed by participating interests 115,500 -

Aggregate amounts 172,703 87,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,742 22,229
Amounts owed to participating interests 15,000 -
Tax 11,581 833
Social security and other taxes 3,261 2,610
VAT 1,417 -
Other creditors 442 599
Directors' current accounts - 3,218
Accrued expenses 1,750 1,750
74,193 41,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

Lickey Hills Garage Limited (Registered number: 06723347)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
G J Jennings
Balance outstanding at start of year (3,218 ) 28,112
Amounts advanced 46,761 -
Amounts repaid - (31,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,543 (3,218 )