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Registration number: 08491876

Station Garage Flaxton Limited

trading as CH Render

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Station Garage Flaxton Limited

trading as CH Render

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Station Garage Flaxton Limited

trading as CH Render

(Registration number: 08491876)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

50,185

51,911

Current assets

 

Stocks

7

915,829

914,634

Debtors

8

290,033

168,606

Cash at bank and in hand

 

106,653

171,401

 

1,312,515

1,254,641

Creditors: Amounts falling due within one year

9

(473,324)

(457,631)

Net current assets

 

839,191

797,010

Total assets less current liabilities

 

889,376

848,921

Creditors: Amounts falling due after more than one year

9

(31,515)

(60,606)

Provisions for liabilities

(2,892)

(2,482)

Net assets

 

854,969

785,833

Capital and reserves

 

Called up share capital

200

200

Revaluation reserve

34,965

38,850

Retained earnings

819,804

746,783

Shareholders' funds

 

854,969

785,833

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

 

Station Garage Flaxton Limited

trading as CH Render

(Registration number: 08491876)
Balance Sheet as at 30 April 2024

Mr D N Crow
Director

Mr D Wellard
Director

 
     
 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Computer equipment

33% straight line

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 12).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

3,197

2,314

 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

118,000

118,000

At 30 April 2024

118,000

118,000

Amortisation

At 1 May 2023

118,000

118,000

At 30 April 2024

118,000

118,000

Carrying amount

At 30 April 2024

-

-

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

6,056

500

115,642

122,198

Additions

1,000

-

4,356

5,356

At 30 April 2024

7,056

500

119,998

127,554

Depreciation

At 1 May 2023

5,645

472

64,170

70,287

Charge for the year

426

7

6,649

7,082

At 30 April 2024

6,071

479

70,819

77,369

Carrying amount

At 30 April 2024

985

21

49,179

50,185

At 30 April 2023

411

28

51,472

51,911

 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Stocks

2024
£

2023
£

Other inventories

915,829

914,634

8

Debtors

Current

2024
£

2023
£

Trade debtors

71,073

28,021

Prepayments

4,809

19,757

Other debtors

214,151

120,828

 

290,033

168,606

 

Station Garage Flaxton Limited

trading as CH Render

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

187,532

118,786

Trade creditors

 

72,734

136,047

Taxation and social security

 

126,347

116,084

Accruals and deferred income

 

99

99

Other creditors

 

86,612

86,615

 

473,324

457,631

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

31,515

60,606

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,515

60,606

Current loans and borrowings

2024
£

2023
£

Bank borrowings

29,091

30,528

Other borrowings

158,441

88,258

187,532

118,786