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REGISTERED NUMBER: 00756025 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BUILTH WELLS GARAGES LIMITED

BUILTH WELLS GARAGES LIMITED (REGISTERED NUMBER: 00756025)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


BUILTH WELLS GARAGES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J G Evans
M A Evans
T J Evans



SECRETARY: M A Evans



REGISTERED OFFICE: The Garage
Llanelwedd
Builth Wells
Powys



REGISTERED NUMBER: 00756025 (England and Wales)



BANKERS: National Westminster Bank Plc
Brecon

BUILTH WELLS GARAGES LIMITED (REGISTERED NUMBER: 00756025)

ABRIDGED BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,316 156,865

CURRENT ASSETS
Stocks 483,998 372,546
Debtors 30,143 14,085
Cash at bank and in hand 178,948 217,726
693,089 604,357
CREDITORS
Amounts falling due within one year 260,102 216,795
NET CURRENT ASSETS 432,987 387,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,303

544,427

CAPITAL AND RESERVES
Called up share capital 900 900
Revaluation reserve 5 77,111 77,111
Retained earnings 504,292 466,416
SHAREHOLDERS' FUNDS 582,303 544,427

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.

BUILTH WELLS GARAGES LIMITED (REGISTERED NUMBER: 00756025)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2024 and were signed on its behalf by:





M A Evans - Director


BUILTH WELLS GARAGES LIMITED (REGISTERED NUMBER: 00756025)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Builth Wells Garages 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.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance and 10% 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.

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.

Payments in respect of other post-retirement benefits are charged to profit or loss so as to spread the cost over the service lives of employees to which the benefits relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 364,767
Additions 1,400
At 31 March 2024 366,167
DEPRECIATION
At 1 April 2023 207,902
Charge for year 8,949
At 31 March 2024 216,851
NET BOOK VALUE
At 31 March 2024 149,316
At 31 March 2023 156,865

BUILTH WELLS GARAGES LIMITED (REGISTERED NUMBER: 00756025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 77,111