Registered number
09287545
Bobby's Garage Ltd
Filleted Accounts
30 April 2024
Bobby's Garage Ltd
Registered number: 09287545
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,065 1,281
Current assets
Stocks 1,027 1,027
Debtors 4 566 367
Cash at bank and in hand 11,294 11,517
12,887 12,911
Creditors: amounts falling due within one year 5 (7,049) (7,056)
Net current assets 5,838 5,855
Net assets 6,903 7,136
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,902 7,135
Shareholder's funds 6,903 7,136
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harbinder Singh Gill
Director
Approved by the board on 16 January 2025
Bobby's Garage Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicle 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 3,500 3,500 7,000
At 30 April 2024 3,500 3,500 7,000
Depreciation
At 1 May 2023 2,689 3,030 5,719
Charge for the year 122 94 216
At 30 April 2024 2,811 3,124 5,935
Net book value
At 30 April 2024 689 376 1,065
At 30 April 2023 811 470 1,281
4 Debtors 2024 2023
£ £
Other debtors 566 367
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,903 3,934
Other creditors 3,146 3,122
7,049 7,056
6 Controlling party
The company is under the control of it's director Mr Gill by virtue of his shareholding in the issued share capital of the company.
7 Other information
Bobby's Garage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Granville Road
Hayes
Middlesex
UB3 4PL
Bobby's Garage Ltd 09287545 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Harbinder Singh Gill No description of principal activity 09287545 2022-05-01 2023-04-30 09287545 core:WithinOneYear 2023-04-30 09287545 core:ShareCapital 2023-04-30 09287545 core:RetainedEarningsAccumulatedLosses 2023-04-30 09287545 2023-05-01 2024-04-30 09287545 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09287545 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09287545 bus:Director40 2023-05-01 2024-04-30 09287545 1 2023-05-01 2024-04-30 09287545 2 2023-05-01 2024-04-30 09287545 core:PlantMachinery 2023-05-01 2024-04-30 09287545 core:Vehicles 2023-05-01 2024-04-30 09287545 countries:England 2023-05-01 2024-04-30 09287545 bus:FRS102 2023-05-01 2024-04-30 09287545 bus:FilletedAccounts 2023-05-01 2024-04-30 09287545 2024-04-30 09287545 core:WithinOneYear 2024-04-30 09287545 core:ShareCapital 2024-04-30 09287545 core:RetainedEarningsAccumulatedLosses 2024-04-30 09287545 core:PlantMachinery 2024-04-30 09287545 core:Vehicles 2024-04-30 09287545 2023-04-30 09287545 core:PlantMachinery 2023-04-30 09287545 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure