Caseware UK (AP4) 2024.0.164 2024.0.164 2023-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 1354811 2023-05-01 2024-04-30 1354811 2022-05-01 2023-04-30 1354811 2024-04-30 1354811 2023-04-30 1354811 c:Director2 2023-05-01 2024-04-30 1354811 d:MotorVehicles 2023-05-01 2024-04-30 1354811 d:MotorVehicles 2024-04-30 1354811 d:MotorVehicles 2023-04-30 1354811 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 1354811 d:OfficeEquipment 2023-05-01 2024-04-30 1354811 d:OfficeEquipment 2024-04-30 1354811 d:OfficeEquipment 2023-04-30 1354811 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 1354811 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 1354811 d:OtherPropertyPlantEquipment 2024-04-30 1354811 d:OtherPropertyPlantEquipment 2023-04-30 1354811 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 1354811 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 1354811 d:CurrentFinancialInstruments 2024-04-30 1354811 d:CurrentFinancialInstruments 2023-04-30 1354811 c:FRS102 2023-05-01 2024-04-30 1354811 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 1354811 c:FullAccounts 2023-05-01 2024-04-30 1354811 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 1354811 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 1354811









BUNCOMBES GARAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 April 2024

 
BUNCOMBES GARAGE LIMITED
Registered number: 1354811

BALANCE SHEET
As at 30 April 2024

2024
2023
£
£


Fixed assets
29,181
29,152

Current assets
306,887
363,134

Creditors: amounts falling due within one year
(319,509)
(384,155)

Net current liabilities
 
 
(12,622)
 
 
(21,021)

Total assets less current liabilities
16,559
8,131


Net assets
16,559
8,131



Capital and reserves
16,559
8,131


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr. A. Buncombe
Director

Date: 13 January 2025

Page 1

 
BUNCOMBES GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

1.


General information

Buncombes Garage Ltd is a private compay limited by shares incorporated in England within the United Kingdom.The registered office is situated at Brue Farm, Merry Lane, East Huntspill, Highbridge, Somerset TA9 3PS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
BUNCOMBES GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%
Garage/Workshop
-
2%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a actual basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
BUNCOMBES GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 May 2023
5,590
6,132
43,221
54,943


Additions
-
1,745
-
1,745



At 30 April 2024

5,590
7,877
43,221
56,688



Depreciation


At 1 May 2023
5,568
4,505
15,718
25,791


Charge for the year on owned assets
6
845
865
1,716



At 30 April 2024

5,574
5,350
16,583
27,507



Net book value



At 30 April 2024
16
2,527
26,638
29,181



At 30 April 2023
22
1,627
27,503
29,152


5.


Debtors

2024
2023
£
£


Other debtors
2,342
1,080

2,342
1,080



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,684
88,208

18,684
88,208


Page 4

 
BUNCOMBES GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
11,025

Other creditors
223,509
264,150

Accruals and deferred income
96,000
108,980

319,509
384,155


 
Page 5