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REGISTERED NUMBER: 04467557















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

West Hoe Garage Ltd.

West Hoe Garage Ltd. (Registered number: 04467557)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


West Hoe Garage Ltd.

COMPANY INFORMATION
for the year ended 30 June 2024







Directors: P Reinecke
R J Jeffery





Secretary: P Reinecke





Registered office: Abacus House
129 North Hill
Mutley
Plymouth
Devon
PL4 8JY





Business address: 9 Richmond Walk
Stonehouse
Plymouth
Devon
PL1 4LL





Registered number: 04467557





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

West Hoe Garage Ltd. (Registered number: 04467557)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 55,706 57,513
55,706 57,513

Current assets
Stocks 12,995 1,495
Debtors 6 18,990 13,882
Cash at bank and in hand 37,933 20,375
69,918 35,752
Creditors
Amounts falling due within one year 7 74,598 59,199
Net current liabilities (4,680 ) (23,447 )
Total assets less current liabilities 51,026 34,066

Creditors
Amounts falling due after more than
one year

8

(9,750

)

(17,250

)

Provisions for liabilities 10 (13,927 ) (14,210 )
Net assets 27,349 2,606

Capital and reserves
Called up share capital 11 100 100
Profit and loss account 27,249 2,506
Shareholders' funds 27,349 2,606

West Hoe Garage Ltd. (Registered number: 04467557)

BALANCE SHEET - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





R J Jeffery - Director


West Hoe Garage Ltd. (Registered number: 04467557)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

West Hoe Garage Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of parts and from the rendering of services both of which are recognised upon invoicing.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tools & equipment - 20% on reducing balance
Motor vehicles - 25% on 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.

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.

Creditors and provisions
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 detrmined using the effective interest method.

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.ed cost determined using the effective interest method.

West Hoe Garage Ltd. (Registered number: 04467557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
These financial statements have been prepared on a going concern basis. The company is dependent on the support of the creditors which includes shareholders' loan account balances of £9,842 included in creditors due within one year. The financial statements do not include any adjustments that might result from a withdrawal of such support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 16,000
Amortisation
At 1 July 2023
and 30 June 2024 16,000
Net book value
At 30 June 2024 -
At 30 June 2023 -

West Hoe Garage Ltd. (Registered number: 04467557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Tools & Motor
equipment vehicles Totals
£    £    £   
Cost
At 1 July 2023 56,579 17,000 73,579
Additions 14,801 - 14,801
Disposals (4,988 ) - (4,988 )
At 30 June 2024 66,392 17,000 83,392
Depreciation
At 1 July 2023 11,816 4,250 16,066
Charge for year 11,420 3,188 14,608
Eliminated on disposal (2,988 ) - (2,988 )
At 30 June 2024 20,248 7,438 27,686
Net book value
At 30 June 2024 46,144 9,562 55,706
At 30 June 2023 44,763 12,750 57,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,525 9,166
Other debtors 5,465 4,716
18,990 13,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,285 9,000
Trade creditors 197 2,641
Taxation and social security 26,318 9,990
Other creditors 39,798 37,568
74,598 59,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,750 17,250

West Hoe Garage Ltd. (Registered number: 04467557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,500 12,366
Between one and five years 62,000 49,464
In more than five years 59,417 59,769
136,917 121,599

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,927 14,210

Deferred
tax
£   
Balance at 1 July 2023 14,210
Provided during year (283 )
Balance at 30 June 2024 13,927

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary shares £1 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Reinecke.