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REGISTERED NUMBER: 07689710 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Waggon Garage Ltd

Waggon Garage Ltd (Registered number: 07689710)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waggon Garage Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D J Ryan
R K Leszczynski





SECRETARY: D J Ryan





REGISTERED OFFICE: Waggon Garage
New Street
Milnrow
Rochdale
Lancashire
OL16 3PE





REGISTERED NUMBER: 07689710 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Waggon Garage Ltd (Registered number: 07689710)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,913 24,520

CURRENT ASSETS
Stocks 9,950 8,460
Debtors 5 1,241 889
Cash at bank and in hand 3,193 214
14,384 9,563
CREDITORS
Amounts falling due within one year 6 86,397 94,403
NET CURRENT LIABILITIES (72,013 ) (84,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,100

)

(60,320

)

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings (68,100 ) (80,320 )
(48,100 ) (60,320 )

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

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

Waggon Garage Ltd (Registered number: 07689710)

Balance Sheet - continued
31 July 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 3 November 2024 and were signed on its behalf by:





D J Ryan - Director


Waggon Garage Ltd (Registered number: 07689710)

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

1. STATUTORY INFORMATION

Waggon Garage Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.


Waggon Garage Ltd (Registered number: 07689710)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 45,885 - 45,885
Additions 3,364 4,000 7,364
At 31 July 2024 49,249 4,000 53,249
DEPRECIATION
At 1 August 2023 21,365 - 21,365
Charge for year 6,971 1,000 7,971
At 31 July 2024 28,336 1,000 29,336
NET BOOK VALUE
At 31 July 2024 20,913 3,000 23,913
At 31 July 2023 24,520 - 24,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,241 889

Waggon Garage Ltd (Registered number: 07689710)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,069 25,803
Trade creditors 7,701 13,227
Tax 94 93
Social security and other taxes 179 1,277
VAT 3,694 5,434
Other creditors 3,419 35,705
Directors' current accounts 62,241 12,864
86,397 94,403