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REGISTERED NUMBER: 05493692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Weston Garages (Bath) Ltd

Weston Garages (Bath) Ltd (Registered number: 05493692)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weston Garages (Bath) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Morris
Mr T Morris





REGISTERED OFFICE: 1-2 High Street
Weston
Bath
BA1 4BX





REGISTERED NUMBER: 05493692 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Weston Garages (Bath) Ltd (Registered number: 05493692)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,645 28,322
33,645 28,322

CURRENT ASSETS
Stocks 21,711 21,711
Debtors 6 35,906 5,000
Cash at bank 118,363 121,412
175,980 148,123
CREDITORS
Amounts falling due within one year 7 77,661 80,638
NET CURRENT ASSETS 98,319 67,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,964

95,807

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 131,854 95,697
SHAREHOLDERS' FUNDS 131,964 95,807

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

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

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 22 October 2024 and were signed on its behalf by:



Mr J Morris - Director


Weston Garages (Bath) Ltd (Registered number: 05493692)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Weston Garages (Bath) Ltd 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 the business has now been fully amortised.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Weston Garages (Bath) Ltd (Registered number: 05493692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

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 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 32,000
AMORTISATION
At 1 April 2023
and 31 March 2024 32,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 57,903 6,352 49,571 6,393 120,219
Additions 14,869 648 - 1,330 16,847
At 31 March 2024 72,772 7,000 49,571 7,723 137,066
DEPRECIATION
At 1 April 2023 36,823 3,083 46,081 5,910 91,897
Charge for year 8,987 979 873 685 11,524
At 31 March 2024 45,810 4,062 46,954 6,595 103,421
NET BOOK VALUE
At 31 March 2024 26,962 2,938 2,617 1,128 33,645
At 31 March 2023 21,080 3,269 3,490 483 28,322

Weston Garages (Bath) Ltd (Registered number: 05493692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,958 2,934
Amounts owed by group undertakings 339 326
Other debtors 33,609 1,740
35,906 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,667 31,667
Trade creditors 9,919 7,064
Taxation and social security 33,948 28,233
Other creditors 12,127 13,674
77,661 80,638

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the year, as stated in the report of the director's.

Interest was charged on the overdrawn directors' loan account balances at the official rate of 2.25%.