1 May 2023 false No description of principal activity Taxfiler 2024.6 14547652business:PrivateLimitedCompanyLtd2023-05-012024-04-30 145476522023-04-30 145476522023-05-012024-04-30 14547652business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 14547652business:FilletedAccounts2023-05-012024-04-30 145476522024-04-30 14547652core:WithinOneYear2024-04-30 14547652core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 14547652core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 14547652core:PreviouslyStatedAmount2024-04-30 14547652business:SmallEntities2023-05-012024-04-30 14547652business:Director22023-05-012024-04-30 14547652countries:EnglandWales2023-05-012024-04-30 14547652business:RegisteredOffice2023-05-012024-04-30 14547652business:OrdinaryShareClass12023-05-012024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14547652 (England and Wales)
GREY GABLES GARAGE SERVICES LTD Unaudited accounts for the year ended 30 April 2024
GREY GABLES GARAGE SERVICES LTD Unaudited accounts Contents
Page
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GREY GABLES GARAGE SERVICES LTD Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Current assets
Inventories
9,900 
Cash at bank and in hand
279,998 
289,898 
Creditors: amounts falling due within one year
(150,037)
Net current assets
139,861 
Net assets
139,861 
Capital and reserves
Called up share capital
2 
Profit and loss account
139,859 
Shareholders' funds
139,861 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
MARK GARDNER Director Company Registration No. 14547652
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GREY GABLES GARAGE SERVICES LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GREY GABLES GARAGE SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 14547652. The registered office is 2 Chapel Close, Leafield, Witney, Oxfordshire, OX29 9NS, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution pension scheme in compliance with the auto-enrolment obligations under the Pensions Act 2008. Contributions payable to the scheme are recognised in the profit and loss account when due. The company has no further obligations once the contributions have been paid.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing difference between the treatment of certain items for accounts purposes and their treatment for tax purpose. Tax deferred or accelerated is accounted for in respect of all material timing differences.
4
Inventories
2024 
£ 
Raw materials
9,900 
9,900 
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GREY GABLES GARAGE SERVICES LTD Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
18,780 
Trade creditors
4,050 
Taxes and social security
61,898 
Loans from directors
65,309 
150,037 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
7
Average number of employees
During the year the average number of employees was 4.
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