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REGISTERED NUMBER: 08351045 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cyprus Garage Limited

Cyprus Garage Limited (Registered number: 08351045)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Cyprus Garage Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: G Noble





REGISTERED OFFICE: 652 Leeds Road
Thackley
Bradford
BD10 8JP





REGISTERED NUMBER: 08351045 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Cyprus Garage Limited (Registered number: 08351045)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,996 51,703

CURRENT ASSETS
Stocks 207,874 260,072
Debtors 5 4,248 13,499
Cash at bank and in hand 244,106 197,033
456,228 470,604
CREDITORS
Amounts falling due within one year 6 159,971 177,280
NET CURRENT ASSETS 296,257 293,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,253

345,027

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 347,153 344,927
SHAREHOLDERS' FUNDS 347,253 345,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cyprus Garage Limited (Registered number: 08351045)

Balance Sheet - continued
30 April 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 director and authorised for issue on 12 December 2024 and were signed by:





G Noble - Director


Cyprus Garage Limited (Registered number: 08351045)

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

1. STATUTORY INFORMATION

Cyprus 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance and not provided
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 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.


Cyprus Garage Limited (Registered number: 08351045)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

Cyprus Garage Limited (Registered number: 08351045)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 47,800 78 8,505 6,797 63,180
DEPRECIATION
At 1 May 2023 - 70 5,813 5,594 11,477
Charge for year - 2 404 301 707
At 30 April 2024 - 72 6,217 5,895 12,184
NET BOOK VALUE
At 30 April 2024 47,800 6 2,288 902 50,996
At 30 April 2023 47,800 8 2,692 1,203 51,703

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 3,800
DEPRECIATION
At 1 May 2023 2,897
Charge for year 226
At 30 April 2024 3,123
NET BOOK VALUE
At 30 April 2024 677
At 30 April 2023 903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,248 13,499

Cyprus Garage Limited (Registered number: 08351045)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 20,900 30,900
Trade creditors 26,342 12,197
Tax 8,088 21,436
Social security and other taxes 440 292
VAT 3,720 11,285
Other creditors 45,077 45,077
Directors' current accounts 53,674 54,500
Accrued expenses 1,730 1,593
159,971 177,280

The directors loan account balance is interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100