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REGISTERED NUMBER: 11850185 (England and Wales)


Financial Statements for the Year Ended 29 February 2024

for

Mitcheldean Garage Services Ltd

Mitcheldean Garage Services Ltd (Registered number: 11850185)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mitcheldean Garage Services Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr Harinder Singh Khaira





REGISTERED OFFICE: Bridge House
9 -13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 11850185 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Mitcheldean Garage Services Ltd (Registered number: 11850185)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,022 13,364

CURRENT ASSETS
Inventories 12,350 12,018
Debtors 5 14,392 240
Cash at bank and in hand 28,510 35,089
55,252 47,347
CREDITORS
Amounts falling due within one year 6 47,897 44,956
NET CURRENT ASSETS 7,355 2,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,377

15,755

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 17,277 15,655
SHAREHOLDERS' FUNDS 17,377 15,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Mitcheldean Garage Services Ltd (Registered number: 11850185)

Statement of Financial Position - continued
29 February 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 20 November 2024 and were signed by:





Mr Harinder Singh Khaira - Director


Mitcheldean Garage Services Ltd (Registered number: 11850185)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Mitcheldean Garage Services 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 represents net sales of invoiced goods and services excluding Value Added Tax.

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 reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 20,002
DEPRECIATION
At 1 March 2023 6,638
Charge for year 3,342
At 29 February 2024 9,980
NET BOOK VALUE
At 29 February 2024 10,022
At 28 February 2023 13,364

Mitcheldean Garage Services Ltd (Registered number: 11850185)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 14,060 -
Other debtors 332 240
14,392 240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 4,346 5,375
Taxation and social security 3,625 3,318
Other creditors 39,926 36,263
47,897 44,956

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the period, the Company has paid rent of £12,000 (£12,000: 2022) in respect of use of business property owned by the Director.