Company Registration No. SC378395 (Scotland)
Clydeside Garage Ltd
Unaudited accounts
for the year ended 31 May 2024
Clydeside Garage Ltd
Unaudited accounts
Contents
Clydeside Garage Ltd
Company Information
for the year ended 31 May 2024
Company Number
SC378395 (Scotland)
Registered Office
94 HOPE STREET
SUITE 2.11
GLASGOW
G2 6PH
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Clydeside Garage Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
12,356
11,371
Cash at bank and in hand
25,298
23,613
Creditors: amounts falling due within one year
(11,299)
(11,262)
Net current assets
13,999
12,351
Total assets less current liabilities
26,355
23,722
Creditors: amounts falling due after more than one year
(18,021)
(24,505)
Net assets/(liabilities)
8,334
(783)
Called up share capital
100
100
Profit and loss account
8,234
(883)
Shareholders' funds
8,334
(783)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2025 and were signed on its behalf by
Richard Neeson
Director
Company Registration No. SC378395
Clydeside Garage Ltd
Notes to the Accounts
for the year ended 31 May 2024
Clydeside Garage Ltd is a private company, limited by shares, registered in Scotland, registration number SC378395. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
41,261
1,150
42,411
At 31 May 2024
46,365
1,150
47,515
At 1 June 2023
30,162
878
31,040
Charge for the year
4,051
68
4,119
At 31 May 2024
34,213
946
35,159
At 31 May 2024
12,152
204
12,356
At 31 May 2023
11,099
272
11,371
Clydeside Garage Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,259
4,259
Obligations under finance leases and hire purchase contracts
4,617
4,617
Taxes and social security
2,423
661
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,559
16,783
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).