Registered number: 08607417 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Cowperthwaites Garage Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 2 | |||||||
Notes To The Accounts | 3 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Cowperthwaites Garage Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
397,713 | 298,797 | |||||||||
CREDITORS: Amounts falling due within one year | 8 | |||||||||
NET CURRENT ASSETS | 13,516 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 9 | - | 11,733 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 | |||||||||
Profit and loss account | 609,883 | 511,427 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Cowperthwaites Garage Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 20% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Cowperthwaites Garage Limited | ||||||||
1f. Goodwill | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 12 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/07/2023 | 125,000 | 125,000 | ||
At 30/06/2024 | 125,000 | 125,000 | ||
Depreciation | ||||
At 01/07/2023 | 122,917 | 122,917 | ||
For the year | 2,083 | 2,083 | ||
At 30/06/2024 | 125,000 | 125,000 | ||
Net Book Amounts | ||||
At 30/06/2024 | ||||
At 30/06/2023 | ||||
Cowperthwaites Garage Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/07/2023 | 599,149 | 187,964 | 787,113 | |||
Additions | - | 46,761 | 46,761 | |||
At 30/06/2024 | 599,149 | 234,725 | 833,874 | |||
Depreciation | ||||||
At 01/07/2023 | - | 112,795 | 112,795 | |||
For the year | - | 26,120 | 26,120 | |||
At 30/06/2024 | - | 138,915 | 138,915 | |||
Net Book Amounts | ||||||
At 30/06/2024 | 599,149 | 95,810 | 694,959 | |||
At 30/06/2023 | 599,149 | 75,169 | 674,318 | |||
5. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/07/2023 | 249,732 | 249,732 | ||
At 30/06/2024 | 249,732 | 249,732 | ||
6. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Cowperthwaites Garage Limited | ||||||||
7. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 38,881 | 38,281 | ||||||
Other debtors | 175 | 7,897 | ||||||
39,056 | 46,178 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Trade creditors | 30,123 | 44,442 | ||||||
Taxation and social security | 81,657 | 67,462 | ||||||
Other creditors | 199,193 | 173,377 | ||||||
310,973 | 285,281 | |||||||
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other creditors | - | 11,733 | ||||||
- | 11,733 | |||||||
Included in other creditors are: | ||||||||
Obligations under hire purchase | - | 11,733 | ||||||
Cowperthwaites Garage Limited | ||||||||
10. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 21,616 | 16,557 | ||||||
21,616 | 16,557 | |||||||
11. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
130 | 130 | |||||||
20 | 20 | |||||||
50 | 50 | |||||||
150000 | 150000 | |||||||
150,200 | 150,200 | |||||||