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REGISTERED NUMBER: 09195370 (England and Wales)














Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

Greens Garage Ltd

Greens Garage Ltd (Registered number: 09195370)

Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Greens Garage Ltd

Company Information
for the Period 1 April 2023 to 30 June 2024







Directors: S P Sleet
Mrs M E Sleet





Registered office: 27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA





Business address: 24 Church Street
Northborough
Peterborough
PE6 9BN





Registered number: 09195370 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Greens Garage Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Greens Garage Ltd for the period ended 30 June 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Greens Garage Ltd, as a body, in accordance with the terms of our engagement letter dated 20 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Greens Garage Ltd and state those matters that we have agreed to state to the Board of Directors of Greens Garage Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Greens Garage Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Greens Garage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greens Garage Ltd. You consider that Greens Garage Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Greens Garage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


14 November 2024

Greens Garage Ltd (Registered number: 09195370)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 - 17,925

Current assets
Stocks - 3,171
Debtors 6 4,583 49,520
Prepayments and accrued income 5,353 -
Cash at bank 20,391 20,031
30,327 72,722
Creditors
Amounts falling due within one year 7 22,426 26,084
Net current assets 7,901 46,638
Total assets less current liabilities 7,901 64,563

Creditors
Amounts falling due after more than one
year

8

-

(10,201

)

Provisions for liabilities - (2,766 )

Accruals and deferred income (4,526 ) (2,465 )
Net assets 3,375 49,131

Capital and reserves
Called up share capital 9 100 100
Retained earnings 3,275 49,031
Shareholders' funds 3,375 49,131

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

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

Greens Garage Ltd (Registered number: 09195370)

Statement of Financial Position - continued
30 June 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 14 November 2024 and were signed on its behalf by:





Mrs M E Sleet - Director


Greens Garage Ltd (Registered number: 09195370)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024


1. Statutory information

Greens 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Due to a change in the company's year end, the current financial statements cover a period of 15 months, whereas, the comparative figures cover a period of 12 months. Therefore the comparative figures may not be entirely comparable.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 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 period 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 statement of financial position date.


Greens Garage Ltd (Registered number: 09195370)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

4. Employees and directors

The average number of employees during the period was 4 (2023 - 6 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 43,018
Disposals (43,018 )
At 30 June 2024 -
Depreciation
At 1 April 2023 25,093
Eliminated on disposal (25,093 )
At 30 June 2024 -
Net book value
At 30 June 2024 -
At 31 March 2023 17,925

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,583 49,520

Greens Garage Ltd (Registered number: 09195370)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 1,654
Trade creditors 577 14,155
Taxation and social security 20,760 8,570
Other creditors 1,089 1,705
22,426 26,084

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 10,201

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 3,584

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100