IRIS Accounts Production v24.2.0.383 05014368 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050143682023-03-31050143682024-03-31050143682023-04-012024-03-31050143682022-03-31050143682022-04-012023-03-31050143682023-03-3105014368ns15:EnglandWales2023-04-012024-03-3105014368ns14:PoundSterling2023-04-012024-03-3105014368ns10:Director12023-04-012024-03-3105014368ns10:Director22023-04-012024-03-3105014368ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105014368ns10:SmallEntities2023-04-012024-03-3105014368ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105014368ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105014368ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105014368ns10:FullAccounts2023-04-012024-03-3105014368ns10:RegisteredOffice2023-04-012024-03-3105014368ns5:CurrentFinancialInstruments2024-03-3105014368ns5:CurrentFinancialInstruments2023-03-3105014368ns5:ShareCapital2024-03-3105014368ns5:ShareCapital2023-03-3105014368ns5:RetainedEarningsAccumulatedLosses2024-03-3105014368ns5:RetainedEarningsAccumulatedLosses2023-03-3105014368ns5:PlantMachinery2023-04-012024-03-3105014368ns5:FurnitureFittings2023-04-012024-03-3105014368ns5:MotorVehicles2023-04-012024-03-3105014368ns5:PlantMachinery2023-03-3105014368ns5:PlantMachinery2024-03-3105014368ns5:PlantMachinery2023-03-3105014368ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105014368ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 05014368 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Clacys Garage Limited

Clacys Garage Limited (Registered number: 05014368)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clacys Garage Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: G M Lillywhite
K E Lillywhite





REGISTERED OFFICE: London Street
Whitchurch
Hampshire
RG28 7LQ





REGISTERED NUMBER: 05014368 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Clacys Garage Limited (Registered number: 05014368)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,572 25,442

CURRENT ASSETS
Stocks 12,287 19,482
Debtors 5 56,047 35,284
Cash at bank and in hand 96,585 141,023
164,919 195,789
CREDITORS
Amounts falling due within one year 6 63,476 54,952
NET CURRENT ASSETS 101,443 140,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,015

166,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,915 166,179
SHAREHOLDERS' FUNDS 125,015 166,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Clacys Garage Limited (Registered number: 05014368)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 24th October 2024 and were signed on its behalf by:




G M Lillywhite - Director



K E Lillywhite - Director


Clacys Garage Limited (Registered number: 05014368)

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

1. STATUTORY INFORMATION

Clacys 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.

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 - 25% 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 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.

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.

Clacys Garage Limited (Registered number: 05014368)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 205,420
Additions 5,544
Disposals (1,500 )
At 31st March 2024 209,464
DEPRECIATION
At 1st April 2023 179,978
Charge for year 7,313
Eliminated on disposal (1,399 )
At 31st March 2024 185,892
NET BOOK VALUE
At 31st March 2024 23,572
At 31st March 2023 25,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,268 16,778
Prepayments 37,779 18,506
56,047 35,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 34,907 22,238
Social security and other taxes 6,358 5,674
VAT 15,955 15,531
Directors' current accounts 489 489
Accruals and other creditors 5,767 11,020
63,476 54,952