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Registration number: 04737975

Pentlepoir Garage Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Pentlepoir Garage Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Pentlepoir Garage Ltd

Company Information

Directors

Mrs J Colman

Mr P Colman

Registered office

Pentlepoir Road
Pentlepoir, Saundersfoot
Pembs
SA69 9BN

Accountants

AIMS Accountants for Business
 
C12
12 Cathedral Road
Cardiff
CF11 9LJ

 

Pentlepoir Garage Ltd

(Registration number: 04737975)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

11,040

14,720

Current assets

 

Stocks

2,560

4,895

Debtors

18,055

20,321

Cash at bank and in hand

 

115,862

129,421

 

136,477

154,637

Creditors: Amounts falling due within one year

4

(30,898)

(53,757)

Net current assets

 

105,579

100,880

Net assets

 

116,619

115,600

Capital and reserves

 

Called up share capital

2

2

Retained earnings

116,617

115,598

Shareholders' funds

 

116,619

115,600

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

.........................................
Mrs J Colman
Director

 

Pentlepoir Garage Ltd

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing Balance

Furniture and Fittings

25% Reducing Balance

 

Pentlepoir Garage Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

13,080

23,120

68,903

105,103

At 30 April 2024

13,080

23,120

68,903

105,103

Depreciation

At 1 May 2023

12,417

13,636

64,330

90,383

Charge for the year

166

2,371

1,143

3,680

At 30 April 2024

12,583

16,007

65,473

94,063

Carrying amount

At 30 April 2024

497

7,113

3,430

11,040

At 30 April 2023

663

9,484

4,573

14,720

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,843

1,418

Taxation and social security

9,500

15,549

Other creditors

19,555

36,790

30,898

53,757