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Company Registration No. SC626252 (Scotland)
Roseburn Garage Limited Unaudited accounts for the year ended 30 April 2024
Roseburn Garage Limited Unaudited accounts Contents
Page
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Roseburn Garage Limited Company Information for the year ended 30 April 2024
Director
Mohammed Aslam Khalil
Company Number
SC626252 (Scotland)
Registered Office
35 Roseburn Street Edinburgh EH12 5PE
Accountants
Easy Tax Services 6 Drylaw Green Edinburgh EH4 2AZ
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Roseburn Garage Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,669 
18,186 
Current assets
Debtors
2,110 
2,345 
Cash at bank and in hand
43,337 
84,223 
45,447 
86,568 
Creditors: amounts falling due within one year
(16,873)
(80,972)
Net current assets
28,574 
5,596 
Total assets less current liabilities
40,243 
23,782 
Provisions for liabilities
Deferred tax
(409)
(563)
Net assets
39,834 
23,219 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
39,734 
23,119 
Shareholders' funds
39,834 
23,219 
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 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 31 January 2025 and were signed on its behalf by
Mohammed Aslam Khalil Director Company Registration No. SC626252
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Roseburn Garage Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Roseburn Garage Limited is a private company, limited by shares, registered in Scotland, registration number SC626252. The registered office is 35 Roseburn Street, Edinburgh, EH12 5PE.
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 remained unchanged from the previous year, and also 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.
Going concern
The financial statements have been prepared on a going concern basis. The director's going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Roseburn Garage Limited Notes to the Accounts for the year ended 30 April 2024
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
43,445 
At 30 April 2024
43,445 
Depreciation
At 1 May 2023
25,259 
Charge for the year
6,517 
At 30 April 2024
31,776 
Net book value
At 30 April 2024
11,669 
At 30 April 2023
18,186 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,110 
2,345 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
147 
22,343 
Trade creditors
2,340 
1,820 
Taxes and social security
5,625 
6,248 
Loans from directors
5,861 
49,211 
Accruals
2,900 
1,350 
16,873 
80,972 
7
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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