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REGISTERED NUMBER: 00721983 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Thornville Garage Limited

Thornville Garage Limited (Registered number: 00721983)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thornville Garage Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr L N Brown
Mr J J Brown





SECRETARY: Mr J J Brown





REGISTERED OFFICE: 14-16 Thornville Road
Hartlepool
TS26 8DY





REGISTERED NUMBER: 00721983 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Thornville Garage Limited (Registered number: 00721983)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,574 32,238

CURRENT ASSETS
Debtors 5 303 341
Cash at bank and in hand 39,096 19,651
39,399 19,992
CREDITORS
Amounts falling due within one year 6 13,447 7,629
NET CURRENT ASSETS 25,952 12,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,526

44,601

PROVISIONS FOR LIABILITIES 7 870 426
NET ASSETS 58,656 44,175

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 44,060 44,060
Retained earnings 12,596 (1,885 )
SHAREHOLDERS' FUNDS 58,656 44,175

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

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

Thornville Garage Limited (Registered number: 00721983)

Balance Sheet - continued
30 April 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





Mr L N Brown - Director


Thornville Garage Limited (Registered number: 00721983)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Thornville 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

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.

Thornville Garage Limited (Registered number: 00721983)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 50,000 31,892 81,892
Additions - 2,995 2,995
At 30 April 2024 50,000 34,887 84,887
DEPRECIATION
At 1 May 2023 20,000 29,654 49,654
Charge for year 1,000 659 1,659
At 30 April 2024 21,000 30,313 51,313
NET BOOK VALUE
At 30 April 2024 29,000 4,574 33,574
At 30 April 2023 30,000 2,238 32,238

Freehold property was valued on an open market basis by the directors on 30 April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 303 341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 5,921 3,465
Other creditors 7,526 4,164
13,447 7,629

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 870 426

Thornville Garage Limited (Registered number: 00721983)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 426
Movement 444
Balance at 30 April 2024 870

8. RELATED PARTY DISCLOSURES

At 30 April 2024 the company owed its directors £4,983 (2023: £1,754)

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L N Brown.