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Registered number: 08607417
Cowperthwaites Garage Limited
ACCOUNTS
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 Sheet2
Notes To The Accounts3
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 30/06/2024
20242023
Notes££
FIXED ASSETS
Intangible assets3-2,083
Tangible assets4694,959674,318
694,959676,401
CURRENT ASSETS
Stock6,22211,224
Debtors739,05646,178
Cash at bank and in hand352,435241,395
397,713298,797
CREDITORS: Amounts falling due within one year8310,973285,281
NET CURRENT ASSETS86,74013,516
TOTAL ASSETS LESS CURRENT LIABILITIES781,699689,917
CREDITORS: Amounts falling due after more than one year9-11,733
PROVISIONS FOR LIABILITIES AND CHARGES1021,61616,557
NET ASSETS760,083661,627
CAPITAL AND RESERVES
Called up share capital11150,200150,200
Profit and loss account609,883511,427
SHAREHOLDERS' FUNDS760,083661,627
For the year ending 30/06/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/10/2024 and signed on their behalf by
.............................
Mr B Cowperthwaite
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing 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
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees1012
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2023125,000125,000
At 30/06/2024125,000125,000
Depreciation
At 01/07/2023122,917122,917
For the year2,0832,083
At 30/06/2024125,000125,000
Net Book Amounts
At 30/06/2024--
At 30/06/20232,0832,083

Cowperthwaites Garage Limited

4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/07/2023599,149187,964787,113
Additions-46,76146,761
At 30/06/2024599,149234,725833,874
Depreciation
At 01/07/2023-112,795112,795
For the year-26,12026,120
At 30/06/2024-138,915138,915
Net Book Amounts
At 30/06/2024599,14995,810694,959
At 30/06/2023599,14975,169674,318
5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/2023249,732249,732
At 30/06/2024249,732249,732
6. STOCK 20242023
££
Stock comprises:
Stock6,22211,224
6,22211,224

Cowperthwaites Garage Limited

7. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors38,88138,281
Other debtors1757,897
39,05646,178
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors30,12344,442
Taxation and social security81,65767,462
Other creditors199,193173,377
310,973285,281
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Other creditors-11,733
-11,733
Included in other creditors are:
Obligations under hire purchase-11,733

Cowperthwaites Garage Limited

10. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation21,61616,557
21,61616,557
11. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
130 Ordinary A shares of £1 each130130
20 Ordinary B shares of £1 each2020
50 Ordinary D shares of £1 each5050
150000 Redeemable preference shares of £1 each150000150000
150,200150,200