FIRTHWOOD GARAGE LIMITED

Company Registration Number:
08417985 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

FIRTHWOOD GARAGE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

FIRTHWOOD GARAGE LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 20,928 22,502
Total fixed assets: 20,928 22,502
Current assets
Stocks: 3,980 5,045
Debtors:   19,752 10,973
Cash at bank and in hand: 90,683 87,812
Total current assets: 114,415 103,830
Creditors: amounts falling due within one year:   (78,779) (69,076)
Net current assets (liabilities): 35,636 34,754
Total assets less current liabilities: 56,564 57,256
Creditors: amounts falling due after more than one year:   (9,168) (19,734)
Provision for liabilities: (5,231) (3,837)
Total net assets (liabilities): 42,165 33,685
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 42,065 33,585
Shareholders funds: 42,165 33,685

The notes form part of these financial statements

FIRTHWOOD GARAGE LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2024
and signed on behalf of the board by:

Name: M Tittcomb
Status: Director

The notes form part of these financial statements

FIRTHWOOD GARAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

Tangible fixed assets and depreciation policy

Tangible fixed assets Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. Plant and machinery etc 25% on cost, 20% on cost

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

FIRTHWOOD GARAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

FIRTHWOOD GARAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 114,258
Additions 7,090
At 28 February 2024 121,348
Depreciation
At 01 March 2023 91,756
Charge for year 8,664
At 28 February 2024 100,420
Net book value
At 28 February 2024 20,928
At 28 February 2023 22,502