Company registration number 09394376 (England and Wales)
Horbury Garage Ltd
Unaudited
financial statements
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Horbury Garage Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Horbury Garage Ltd
Statement Of Financial Position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
260,485
28,287
Investment properties
4
356,071
356,071
616,556
384,358
Current assets
Stocks
5,800
6,000
Debtors
1,185
1,077
Cash at bank and in hand
94,422
262,173
101,407
269,250
Creditors: amounts falling due within one year
(140,661)
(152,531)
Net current (liabilities)/assets
(39,254)
116,719
Total assets less current liabilities
577,302
501,077
Creditors: amounts falling due after more than one year
(62,254)
(76,467)
Provisions for liabilities
(9,423)
(7,071)
Net assets
505,625
417,539
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
505,525
417,439
Total equity
505,625
417,539
Horbury Garage Ltd
Statement Of Financial Position (continued)
as at 30 April 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
A Pickles
Director
Company Registration No. 09394376
Horbury Garage Ltd
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and is recognised on date on invoice.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Not depreciated
Plant and machinery
20% Reducing balance
Fixtures, fittings & equipment
33% Straight line
Motor vehicles
25% Reducing balance
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks

Stock is recorded at the lower of cost and net realisable value.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Horbury Garage Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
-
0
36,421
6,752
36,105
79,278
Additions
222,795
4,496
872
10,629
238,792
At 30 April 2024
222,795
40,917
7,624
46,734
318,070
Depreciation and impairment
At 1 May 2023
-
0
30,445
2,087
18,459
50,991
Depreciation charged in the year
-
0
1,789
37
4,768
6,594
At 30 April 2024
-
0
32,234
2,124
23,227
57,585
Carrying amount
At 30 April 2024
222,795
8,683
5,500
23,507
260,485
At 30 April 2023
-
0
5,976
4,665
17,646
28,287
4
Investment property
2024
£
Fair value
At 1 May 2023 and 30 April 2024
356,071
5
Company information

Horbury Garage Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.

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