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REGISTERED NUMBER: 12390990 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st January 2024

for

Garside J Limited

Garside J Limited (Registered number: 12390990)






Contents of the Financial Statements
For The Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Garside J Limited

Company Information
For The Year Ended 31st January 2024







DIRECTOR: J R Garside





REGISTERED OFFICE: 11 Jubilee Drive
Ash Vale
Aldershot
Hampshire
GU12 5JL





REGISTERED NUMBER: 12390990 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Garside J Limited (Registered number: 12390990)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,183 24,292

CURRENT ASSETS
Stocks 5 90,791 93,831
Debtors 6 122,054 83,701
Cash at bank 31,228 44,723
244,073 222,255
CREDITORS
Amounts falling due within one year 7 115,271 87,956
NET CURRENT ASSETS 128,802 134,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,985

158,591

CREDITORS
Amounts falling due after more than one
year

8

(71,285

)

(67,918

)

PROVISIONS FOR LIABILITIES 10 (16,945 ) (4,858 )
NET ASSETS 129,755 85,815

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 129,754 85,814
SHAREHOLDERS' FUNDS 129,755 85,815

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

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

Garside J Limited (Registered number: 12390990)

Balance Sheet - continued
31st January 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 and authorised for issue by the director and authorised for issue on 29th November 2024 and were signed by:





J R Garside - Director


Garside J Limited (Registered number: 12390990)

Notes to the Financial Statements
For The Year Ended 31st January 2024

1. STATUTORY INFORMATION

Garside J 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.
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Garside J Limited (Registered number: 12390990)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st February 2023 47,200
Additions 88,448
Disposals (43,500 )
At 31st January 2024 92,148
DEPRECIATION
At 1st February 2023 22,908
Charge for year 7,882
Eliminated on disposal (27,825 )
At 31st January 2024 2,965
NET BOOK VALUE
At 31st January 2024 89,183
At 31st January 2023 24,292

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 90,791 93,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 118,762 80,904
SOT Reserve Account 3,292 2,797
122,054 83,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 10,485 20,072
VAT 31,491 16,337
Trade Creditors 42,929 30,289
Directors' current accounts 24,100 18,171
Accrued expenses 6,266 3,087
115,271 87,956

Garside J Limited (Registered number: 12390990)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 27,500 37,500
Hire purchase contracts 43,785 30,418
71,285 67,918

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,500 37,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Snap-On U.K. Holdings Limited 86,713 60,707

There is a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 16,945 4,858

Deferred
tax
£   
Balance at 1st February 2023 4,858
Charge to Income Statement during year 12,087
Balance at 31st January 2024 16,945

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

Garside J Limited (Registered number: 12390990)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

12. RESERVES
Retained
earnings
£   

At 1st February 2023 85,814
Profit for the year 63,940
Dividends (20,000 )
At 31st January 2024 129,754

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £20,000) were paid to the director .

14. ULTIMATE CONTROLLING PARTY

The controlling party is J R Garside.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Garside J Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Garside J Limited for the year ended 31st January 2024 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Garside J Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garside J Limited and state those matters that we have agreed to state to the director of Garside J Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Garside J Limited 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 Garside J Limited. You consider that Garside J Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Garside J Limited. 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.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 29th November 2024