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REGISTERED NUMBER: 04712075 (England and Wales)






















Station Garage (Little Weighton) Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Station Garage (Little Weighton) Limited (Registered number: 04712075)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Station Garage (Little Weighton) Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: C R Almond
Mrs K Almond





REGISTERED OFFICE: 45 Rowley Road
Little Weighton
East Yorkshire
HU20 3XJ





REGISTERED NUMBER: 04712075 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Station Garage (Little Weighton) Limited (Registered number: 04712075)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,958 9,349
7,958 9,349

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 7,965 8,937
Cash at bank and in hand 36,248 34,861
45,213 44,798
CREDITORS
Amounts falling due within one year 7 39,870 39,879
NET CURRENT ASSETS 5,343 4,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,301

14,268

CREDITORS
Amounts falling due after more than one
year

8

(3,500

)

(6,500

)

PROVISIONS FOR LIABILITIES (1,704 ) (1,461 )
NET ASSETS 8,097 6,307

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 8,095 6,305
SHAREHOLDERS' FUNDS 8,097 6,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Station Garage (Little Weighton) Limited (Registered number: 04712075)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2024 and were signed on its behalf by:




C R Almond - Director



Mrs K Almond - Director


Station Garage (Little Weighton) Limited (Registered number: 04712075)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Station Garage (Little Weighton) 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.

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% on reducing balance and 15% 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 Statement of Income and Retained Earnings, 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.

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 (2023 - 4 ) .

Station Garage (Little Weighton) Limited (Registered number: 04712075)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 6,500
AMORTISATION
At 1st April 2023
and 31st March 2024 6,500
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 67,101
Additions 1,771
At 31st March 2024 68,872
DEPRECIATION
At 1st April 2023 57,752
Charge for year 3,162
At 31st March 2024 60,914
NET BOOK VALUE
At 31st March 2024 7,958
At 31st March 2023 9,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,408 1,507
Other debtors 3,557 7,430
7,965 8,937

Station Garage (Little Weighton) Limited (Registered number: 04712075)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 16,667 19,953
Taxation and social security 17,200 13,873
Other creditors 3,003 3,053
39,870 39,879

Bank overdraft is secured by a personal guarantee by the directors for up to £15,000. In 2021 the company obtained finance through the government's Bounce-back Loan Scheme. The scheme provides a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loan.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,500 6,500

In 2021 the company obtained finance through the government's Bounce-back Loan Scheme. The scheme provides a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 'A' Ordinary Shares of £1 each 1 1 1
1 'B' Ordinary Shares of £1 each 1 1 1
2 2

10. OTHER FINANCIAL COMMITMENTS

The company operates a defined contribution pension scheme for its emplyees. Included within other creditors are unpaid amounts due to the fund of £77 (2023: £NIL).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £NIL (2023 - £4,087) by the directors. This comprises a balance brought forward of £4,087, advances of nil and repayments of £4,087. No interest is charged on the loan and the amount is repayable on demand.