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REGISTERED NUMBER: 04719418 (England and Wales)















CENTRAL SERVICE GARAGE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024






CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL SERVICE GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: E Smith
Mrs J A Smith
T Draper



SECRETARY: E Smith



REGISTERED OFFICE: 24 High Road
Warmsworth
Doncaster
South Yorkshire
DN4 9LX



REGISTERED NUMBER: 04719418 (England and Wales)



ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB



BANKERS: Virgin Money
6A High Street
Mexborough
South Yorkshire
S64 9AP

CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,523 7,510
6,523 7,510

CURRENT ASSETS
Stocks 813,616 894,027
Debtors 6 27,227 45,492
Cash at bank 126,633 98,606
967,476 1,038,125
CREDITORS
Amounts falling due within one year 7 648,356 753,861
NET CURRENT ASSETS 319,120 284,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,643

291,774

CREDITORS
Amounts falling due after more than one
year

8

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (1,341 ) (1,524 )
NET ASSETS 311,802 267,750

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 311,800 267,748
SHAREHOLDERS' FUNDS 311,802 267,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

BALANCE SHEET - continued
29TH FEBRUARY 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2024 and were signed on its behalf by:




E Smith - Director



T Draper - Director


CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Central Service 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised evenly over the estimated useful life of the goodwill of four years, and has been fully written down to a nil value.

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 - 20% on cost 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 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.


CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 20,000
AMORTISATION
At 1st March 2023
and 29th February 2024 20,000
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 97,714
Additions 1,209
At 29th February 2024 98,923
DEPRECIATION
At 1st March 2023 90,204
Charge for year 2,196
At 29th February 2024 92,400
NET BOOK VALUE
At 29th February 2024 6,523
At 28th February 2023 7,510

CENTRAL SERVICE GARAGE LIMITED (REGISTERED NUMBER: 04719418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,637 29,605
Other debtors 9,590 15,887
27,227 45,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 117,050
Trade creditors 82,887 74,108
Taxation and social security 38,794 -
Other creditors 516,675 562,703
648,356 753,861

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A loan has been advanced to the company by two of the directors of the company, Mr E Smith and Mrs J A Smith, jointly, with the loan balance at the balance sheet date being £161,925 (2023: £175,925). No interest is payable in connection with the loan, which is repayable on demand.

The third company director Mr T Draper has also advanced the company a loan the balance of which is £322,124 (2023: £278,906) as at the balance sheet date. No interest is payable in connection with this loan which is also repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr E Smith and Mr T Draper who jointly hold 100% of the issued share capital of the company.