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REGISTERED NUMBER: SC538287 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

NEVILLE GARAGE LIMITED

NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

NEVILLE GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: G Neville





REGISTERED OFFICE: 1 Broompark Crescent
Murthly
Perth
Perthshire
PH1 4HH





REGISTERED NUMBER: SC538287 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,789 27,845

CURRENT ASSETS
Stocks 786 1,062
Debtors 5 33,475 32,324
Cash at bank and in hand 10,557 14,534
44,818 47,920
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

45,710

42,435
NET CURRENT (LIABILITIES)/ASSETS (892 ) 5,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,897

33,330

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(62,009

)

(26,629

)

PROVISIONS FOR LIABILITIES 9 (17,053 ) (6,601 )
NET (LIABILITIES)/ASSETS (11,165 ) 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,265 ) -
SHAREHOLDERS' FUNDS (11,165 ) 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 22 October 2024 and were signed by:





G Neville - Director


NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Neville Garage Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 4,319 35,128 208
Additions - 1,084 -
Disposals - (1,151 ) -
At 30 June 2024 4,319 35,061 208
DEPRECIATION
At 1 July 2023 2,880 28,267 38
Charge for year 864 2,458 42
Eliminated on disposal - (746 ) -
At 30 June 2024 3,744 29,979 80
NET BOOK VALUE
At 30 June 2024 575 5,082 128
At 30 June 2023 1,439 6,861 170

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 70,417 4,253 114,325
Additions 64,278 676 66,038
Disposals (26,426 ) - (27,577 )
At 30 June 2024 108,269 4,929 152,786
DEPRECIATION
At 1 July 2023 52,087 3,208 86,480
Charge for year 20,371 954 24,689
Eliminated on disposal (26,426 ) - (27,172 )
At 30 June 2024 46,032 4,162 83,997
NET BOOK VALUE
At 30 June 2024 62,237 767 68,789
At 30 June 2023 18,330 1,045 27,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,704 2,284
Other debtors 10,133 1,856
Directors' current accounts 18,526 17,542
Tax - 10,047
Prepayments and accrued income 2,112 595
33,475 32,324

NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,035 3,956
Hire purchase contracts (see note 8) 20,037 8,798
Trade creditors 16,659 19,838
Tax - 5,024
Social security and other taxes 890 1,401
VAT 4,089 3,418
45,710 42,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,035 3,956
Bank loans - 2-5 years 3,162 7,276
Hire purchase contracts (see note 8) 54,812 15,397
62,009 26,629

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,037 8,798
Between one and five years 54,812 15,397
74,849 24,195

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,215 6,774
Between one and five years 3,835 10,050
10,050 16,824

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,053 6,601

Deferred
tax
£   
Balance at 1 July 2023 6,601
Movement in provision 10,452
Balance at 30 June 2024 17,053

NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
G Neville
Balance outstanding at start of year 17,542 30,871
Amounts advanced 1,901 983
Amounts repaid (917 ) (14,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,526 17,542

This loan has been charged interest using the official rate of interest and has no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEVILLE GARAGE LIMITED (REGISTERED NUMBER: SC538287)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neville Garage Limited for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Neville Garage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neville Garage Limited and state those matters that we have agreed to state to the director of Neville Garage Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Neville Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Neville Garage Limited. You consider that Neville Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neville Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


22 October 2024