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REGISTERED NUMBER: 01399913 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Lower End Garage Limited

Lower End Garage Limited (Registered number: 01399913)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lower End Garage Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M J Keen
Lodders Nominees Limited





REGISTERED OFFICE: Lower End Garage, Marsworth
Nr. Tring
Hertfordshire
HP23 4NB





REGISTERED NUMBER: 01399913 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Lower End Garage Limited (Registered number: 01399913)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 412,729 412,897

CURRENT ASSETS
Stocks 2,528 3,159
Debtors 5 79,469 69,700
Cash at bank 8,987 10,081
90,984 82,940
CREDITORS
Amounts falling due within one year 6 125,062 121,403
NET CURRENT LIABILITIES (34,078 ) (38,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,651

374,434

PROVISIONS FOR LIABILITIES 751 1,029
NET ASSETS 377,900 373,405

CAPITAL AND RESERVES
Called up share capital 60 60
Share premium 84,000 84,000
Revaluation reserve 7 232,400 232,400
Retained earnings 61,440 56,945
377,900 373,405

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

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

Lower End Garage Limited (Registered number: 01399913)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

Approved by L Igoe on behalf of Lodders Nominees Limited the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Lodders Nominees Limited - Director


Lower End Garage Limited (Registered number: 01399913)

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

1. STATUTORY INFORMATION

Lower End 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Lower End Garage Limited (Registered number: 01399913)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 400,000 27,488 427,488
DEPRECIATION
At 1 February 2023 - 14,591 14,591
Charge for year - 168 168
At 31 January 2024 - 14,759 14,759
NET BOOK VALUE
At 31 January 2024 400,000 12,729 412,729
At 31 January 2023 400,000 12,897 412,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 79,469 69,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed to participating interests 115,569 114,697
Taxation and social security 3,194 4,207
Other creditors 6,299 2,499
125,062 121,403

7. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 232,400