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REGISTERED NUMBER: 08428246 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THREE ARCH GARAGE LIMITED

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)






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


THREE ARCH GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Jenkins
Mrs J Jenkins





SECRETARY: Mrs J Jenkins





REGISTERED OFFICE: 143 Godstone Road
Caterham
Surrey
CR3 6RF





REGISTERED NUMBER: 08428246 (England and Wales)





ACCOUNTANTS: Sophic Finance Ltd
Chartered Accountants
Little Coombe
Longfield Road
Dorking
Surrey
RH4 3DE

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 11,903 11,962
11,903 14,462

CURRENT ASSETS
Stocks 6 57,000 66,950
Debtors 7 9,026 5,189
Cash at bank and in hand 88,925 123,379
154,951 195,518
CREDITORS
Amounts falling due within one year 8 62,058 59,323
NET CURRENT ASSETS 92,893 136,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,796

150,657

CREDITORS
Amounts falling due after more than one
year

9

15,834

25,833
NET ASSETS 88,962 124,824

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,862 124,724
88,962 124,824

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.

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mrs J Jenkins - Director


THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Three Arch Garage 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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.

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 97,500
Charge for year 2,500
At 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2,500

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 6,399 12,634 7,170
Additions - 2,694 -
At 31 March 2024 6,399 15,328 7,170
DEPRECIATION
At 1 April 2023 - 8,928 6,809
Charge for year - 1,882 103
At 31 March 2024 - 10,810 6,912
NET BOOK VALUE
At 31 March 2024 6,399 4,518 258
At 31 March 2023 6,399 3,706 361

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 17,034 8,593 51,830
Additions - 103 2,797
At 31 March 2024 17,034 8,696 54,627
DEPRECIATION
At 1 April 2023 16,154 7,977 39,868
Charge for year 220 651 2,856
At 31 March 2024 16,374 8,628 42,724
NET BOOK VALUE
At 31 March 2024 660 68 11,903
At 31 March 2023 880 616 11,962

6. STOCKS
2024 2023
£    £   
Second hand cars 57,000 66,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,968 4,561
Other debtors 1,058 628
9,026 5,189

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,424 17,072
Taxation and social security 31,891 29,453
Other creditors 2,743 2,798
62,058 59,323

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,834 25,833

THREE ARCH GARAGE LIMITED (REGISTERED NUMBER: 08428246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,834 15,833