Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity11false2023-05-01false12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03671349 2023-05-01 2024-04-30 03671349 2022-05-01 2023-04-30 03671349 2024-04-30 03671349 2023-04-30 03671349 c:Director1 2023-05-01 2024-04-30 03671349 d:Buildings 2023-05-01 2024-04-30 03671349 d:Buildings 2024-04-30 03671349 d:Buildings 2023-04-30 03671349 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03671349 d:PlantMachinery 2023-05-01 2024-04-30 03671349 d:MotorVehicles 2023-05-01 2024-04-30 03671349 d:FurnitureFittings 2023-05-01 2024-04-30 03671349 d:OfficeEquipment 2023-05-01 2024-04-30 03671349 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03671349 d:OtherPropertyPlantEquipment 2024-04-30 03671349 d:OtherPropertyPlantEquipment 2023-04-30 03671349 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03671349 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03671349 d:Goodwill 2024-04-30 03671349 d:Goodwill 2023-04-30 03671349 d:CurrentFinancialInstruments 2024-04-30 03671349 d:CurrentFinancialInstruments 2023-04-30 03671349 d:Non-currentFinancialInstruments 2024-04-30 03671349 d:Non-currentFinancialInstruments 2023-04-30 03671349 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03671349 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03671349 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03671349 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03671349 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 03671349 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03671349 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 03671349 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03671349 d:ShareCapital 2024-04-30 03671349 d:ShareCapital 2023-04-30 03671349 d:RetainedEarningsAccumulatedLosses 2024-04-30 03671349 d:RetainedEarningsAccumulatedLosses 2023-04-30 03671349 c:FRS102 2023-05-01 2024-04-30 03671349 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03671349 c:FullAccounts 2023-05-01 2024-04-30 03671349 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03671349 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03671349









MILLERS GARAGE (NEWBURY) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MILLERS GARAGE (NEWBURY) LIMITED
03671349

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
53,577
16,361

  
53,577
16,361

Current assets
  

Stocks
  
41,961
50,186

Debtors: amounts falling due after more than one year
 6 
1,248
-

Debtors: amounts falling due within one year
 6 
32,492
28,988

Cash at bank and in hand
 7 
27,902
21,517

  
103,603
100,691

Creditors: amounts falling due within one year
 8 
(123,134)
(93,339)

Net current (liabilities)/assets
  
 
 
(19,531)
 
 
7,352

Total assets less current liabilities
  
34,046
23,713

Creditors: amounts falling due after more than one year
 9 
(14,983)
(23,668)

  

Net assets
  
19,063
45


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
18,963
(55)

  
19,063
45


Page 1

 
MILLERS GARAGE (NEWBURY) LIMITED
03671349
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 statement of income and retained earnings 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 on 17 January 2025.




G Miller
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Millers Garage (Newbury) Limited is a private limited company limited by share capital. The Company is registered in England and Wales, (company number 3671349). The registered office of the Company is located at 24-25 Bone Lane, Newbury Berkshire RG14 5SH.  

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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.

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:

Plant & machinery
-
20%
Motor vehicles
-
25%
Fixtures & fittings
-
20%
Office equipment
-
33%

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.

Page 4

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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 first in, first out 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.

 
2.9

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.

 
2.10

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.

 
2.11

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 12 (2023 - 11).

Page 5

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
20,000



At 30 April 2024

20,000



Amortisation


At 1 May 2023
20,000



At 30 April 2024

20,000



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 6

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2023
1,850
134,264
136,114


Additions
-
48,195
48,195



At 30 April 2024

1,850
182,459
184,309



Depreciation


At 1 May 2023
1,830
117,922
119,752


Charge for the year on owned assets
20
10,960
10,980



At 30 April 2024

1,850
128,882
130,732



Net book value



At 30 April 2024
-
53,577
53,577



At 30 April 2023
20
16,341
16,361


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
1,248
-

1,248
-


2024
2023
£
£

Due within one year

Trade debtors
11,343
10,892

Other debtors
5,320
5,000

Prepayments and accrued income
15,829
13,096

32,492
28,988


Page 7

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
27,902
21,517

27,902
21,517



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
8,000
7,813

Trade creditors
87,368
47,032

Other taxation and social security
16,609
29,959

Obligations under finance lease and hire purchase contracts
-
1,458

Other creditors
9,957
5,877

Accruals and deferred income
1,200
1,200

123,134
93,339



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
14,983
23,668

14,983
23,668


Page 8

 
MILLERS GARAGE (NEWBURY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
8,000
7,813


8,000
7,813

Amounts falling due 1-2 years

Other loans
8,000
8,017


8,000
8,017

Amounts falling due 2-5 years

Other loans
6,983
15,651


6,983
15,651


22,983
31,481


 
Page 9