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REGISTERED NUMBER: 04802945 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WEST HOATHLY GARAGE LIMITED

WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST HOATHLY GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A E Denne
J Denne
R Denne





REGISTERED OFFICE: Selsfield Road
West Hoathly
West Sussex
RH19 4QL





REGISTERED NUMBER: 04802945 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,313 33,203
35,313 33,203

CURRENT ASSETS
Stocks 61,655 145,630
Debtors 6 110,927 102,248
Cash at bank and in hand 85,164 97,447
257,746 345,325
CREDITORS
Amounts falling due within one year 7 (191,257 ) (207,351 )
NET CURRENT ASSETS 66,489 137,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,802

171,177

PROVISIONS FOR LIABILITIES (5,646 ) (5,646 )
NET ASSETS 96,156 165,531

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 96,056 165,431
96,156 165,531

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.

WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

BALANCE SHEET - continued
31 MARCH 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 4 November 2024 and were signed on its behalf by:





J Denne - Director


WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

West Hoathly 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 55,125
AMORTISATION
At 1 April 2023
and 31 March 2024 55,125
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 34,065 85,505 2,624
Additions - 12,396 -
At 31 March 2024 34,065 97,901 2,624
DEPRECIATION
At 1 April 2023 25,103 64,366 2,347
Charge for year 1,251 9,270 65
At 31 March 2024 26,354 73,636 2,412
NET BOOK VALUE
At 31 March 2024 7,711 24,265 212
At 31 March 2023 8,962 21,139 277

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 14,323 7,859 144,376
Additions - 1,186 13,582
At 31 March 2024 14,323 9,045 157,958
DEPRECIATION
At 1 April 2023 14,323 5,034 111,173
Charge for year - 886 11,472
At 31 March 2024 14,323 5,920 122,645
NET BOOK VALUE
At 31 March 2024 - 3,125 35,313
At 31 March 2023 - 2,825 33,203

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,927 102,248

WEST HOATHLY GARAGE LIMITED (REGISTERED NUMBER: 04802945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,576 -
Trade creditors 21,722 42,063
Tax 23,860 27,398
Social security and other taxes 5,434 4,987
VAT 40,543 49,886
Other creditors 2,742 5,410
Directors' current accounts 405 632
Accrued expenses 76,975 76,975
191,257 207,351

The bank overdraft facility of £60,000 is secured by means of personal guarantees from the directors.

8. CALLED UP SHARE CAPITAL

2022 2021
£ £
Allotted, called up and fully paid
Class A ordinary shares of £1 each 70 75
Class B ordinary shares of £1 each 15 15
Class C ordinary shares of £1 each 5 5
Class D ordinary shares of £1 each 5 5
Class E ordinary shares of £1 each 5 -
100 100

Any dividend payable on any class of share may be decided at the discretion of the Company, may vary from time to time and may be payable on one class of share only or any class of shares as may be.

Save as aforesaid, the Class "A", "B", "C" ,"D" and "E" Ordinary voting shares of the Company rank pari passu in every other respect with each other.