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REGISTERED NUMBER: 09779482 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ROBERTSONS GARAGE LIMITED

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)






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


ROBERTSONS GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: N A Robertson
H Robertson



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 09779482 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Santander UK plc
Bridle Road
Bootle
L30 4GB

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,478 221,718

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 13,224 14,679
Cash at bank and in hand 369,448 244,785
387,672 264,464
CREDITORS
Amounts falling due within one year 7 152,017 115,486
NET CURRENT ASSETS 235,655 148,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,133

370,696

PROVISIONS FOR LIABILITIES 8 25,636 19,792
NET ASSETS 414,497 350,904

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 414,495 350,902
SHAREHOLDERS' FUNDS 414,497 350,904

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.

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

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 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 17th October 2024 and were signed on its behalf by:





N A Robertson - Director


ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

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

1. STATUTORY INFORMATION

Robertsons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - The length of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
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.

3. EMPLOYEES AND DIRECTORS

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

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2023 71,729 247,120 13,894
Additions 15,047 - -
At 31st March 2024 86,776 247,120 13,894
DEPRECIATION
At 1st April 2023 58,662 82,543 6,667
Charge for year 4,687 24,709 1,389
At 31st March 2024 63,349 107,252 8,056
NET BOOK VALUE
At 31st March 2024 23,427 139,868 5,838
At 31st March 2023 13,067 164,577 7,227

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 68,153 2,779 403,675
Additions - 4,136 19,183
At 31st March 2024 68,153 6,915 422,858
DEPRECIATION
At 1st April 2023 32,616 1,469 181,957
Charge for year 4,404 1,234 36,423
At 31st March 2024 37,020 2,703 218,380
NET BOOK VALUE
At 31st March 2024 31,133 4,212 204,478
At 31st March 2023 35,537 1,310 221,718

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,574 12,160
Prepayments 2,650 2,519
13,224 14,679

ROBERTSONS GARAGE LIMITED (REGISTERED NUMBER: 09779482)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 37,839 38,410
Tax 70,822 39,645
Social security and other taxes 5,002 -
VAT 23,636 19,444
Directors' current accounts 11,953 17,987
Accruals and deferred income 2,765 -
152,017 115,486

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 25,636 19,792

Deferred
tax
£   
Balance at 1st April 2023 19,792
Movement in the year due to:
changes in tax rates 6,250
changes in allowances (406 )
Balance at 31st March 2024 25,636

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 £1 2 2

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -