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REGISTERED NUMBER: 04710692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ince Blundell Garages Limited

Ince Blundell Garages Limited (Registered number: 04710692)






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


Ince Blundell Garages Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R G Blackwell
M R Blackwell





SECRETARY: Mrs S Blackwell





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 04710692 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Ince Blundell Garages Limited (Registered number: 04710692)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 36,000 38,400
Tangible assets 5 1,270 504
37,270 38,904

CURRENT ASSETS
Stocks 187,712 149,547
Debtors 6 146,461 146,798
Investments 7 52,036 32,036
Cash at bank 39,996 8,403
426,205 336,784
CREDITORS
Amounts falling due within one year 8 188,425 170,821
NET CURRENT ASSETS 237,780 165,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,050

204,867

CREDITORS
Amounts falling due after more than one
year

9

246,683

103,684
NET ASSETS 28,367 101,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,267 101,083
28,367 101,183

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 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.

Ince Blundell Garages Limited (Registered number: 04710692)

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





R G Blackwell - Director


Ince Blundell Garages Limited (Registered number: 04710692)

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

1. STATUTORY INFORMATION

Ince Blundell Garages 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 2018, 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.
Plant and machinery etc - 25% reducing balance and 20% on reducing balance

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.

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 4 (2022 - 5 ) .

Ince Blundell Garages Limited (Registered number: 04710692)

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 48,000
AMORTISATION
At 1 January 2023 9,600
Charge for year 2,400
At 31 December 2023 12,000
NET BOOK VALUE
At 31 December 2023 36,000
At 31 December 2022 38,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 6,492
Additions 3,321
Disposals (5,222 )
At 31 December 2023 4,591
DEPRECIATION
At 1 January 2023 5,988
Charge for year 930
Eliminated on disposal (3,597 )
At 31 December 2023 3,321
NET BOOK VALUE
At 31 December 2023 1,270
At 31 December 2022 504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 45,024 61,973
Other debtors 101,437 84,825
146,461 146,798

Ince Blundell Garages Limited (Registered number: 04710692)

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

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£ £
Unlisted investments 52,036 32,036

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 18,688 51,697
Trade creditors 120,074 41,949
Taxation and social security 42,020 68,339
Other creditors 7,643 8,836
188,425 170,821

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 246,683 103,684

10. ULTIMATE CONTROLLING PARTY

The controlling party is R G Blackwell.