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REGISTERED NUMBER: 10691705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Supreme Garage Doors Limited

Supreme Garage Doors Limited (Registered number: 10691705)






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


Supreme Garage Doors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K A Robinson





REGISTERED OFFICE: 14 Salis Close
Acklam
Middlesbrough
TS5 8FB





REGISTERED NUMBER: 10691705 (England and Wales)





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

Supreme Garage Doors Limited (Registered number: 10691705)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,654 20,722

CURRENT ASSETS
Debtors 5 72,199 72,894
Cash at bank 42,279 47,971
114,478 120,865
CREDITORS
Amounts falling due within one year 6 47,555 45,894
NET CURRENT ASSETS 66,923 74,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,577

95,693

CREDITORS
Amounts falling due after more than one
year

7

(8,753

)

(15,750

)

PROVISIONS FOR LIABILITIES 8 (2,024 ) (3,937 )
NET ASSETS 66,800 76,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,700 75,906
66,800 76,006

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 director acknowledges his 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.

Supreme Garage Doors Limited (Registered number: 10691705)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





K A Robinson - Director


Supreme Garage Doors Limited (Registered number: 10691705)

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

1. STATUTORY INFORMATION

Supreme Garage Doors 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.
Plant and machinery etc - 25% on cost

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.

Supreme Garage Doors Limited (Registered number: 10691705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 46,764
DEPRECIATION
At 1 April 2023 26,042
Charge for year 10,068
At 31 March 2024 36,110
NET BOOK VALUE
At 31 March 2024 10,654
At 31 March 2023 20,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 695
Other debtors 72,199 72,199
72,199 72,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 27,848 24,849
Taxation and social security 11,002 12,490
Other creditors 1,705 1,555
47,555 45,894

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,753 15,750

Supreme Garage Doors Limited (Registered number: 10691705)

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

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 2,024 3,937

Deferred
tax
£   
Balance at 1 April 2023 3,937
Timing differences (1,913 )
Balance at 31 March 2024 2,024

9. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed Mr K Robinson £193 (2023: £696)

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K Robinson.