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REGISTERED NUMBER: 00356371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MINSTER GARAGE LIMITED

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINSTER GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: M Ward
S Ward





SECRETARY: B Ward





REGISTERED OFFICE: King Street
Southwell
Nottinghamshire
NG25 0EH





REGISTERED NUMBER: 00356371 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,577 24,156

CURRENT ASSETS
Debtors 5 448 758
Cash at bank 13,401 23,599
13,849 24,357
CREDITORS
Amounts falling due within one year 6 26,607 30,642
NET CURRENT LIABILITIES (12,758 ) (6,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,819

17,871

CREDITORS
Amounts falling due after more than one
year

7

(2,000

)

(2,000

)

PROVISIONS FOR LIABILITIES - (1,874 )
NET ASSETS 1,819 13,997

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings (2,181 ) 9,997
SHAREHOLDERS' FUNDS 1,819 13,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





S Ward - Director


MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Minster Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 75,289 59,108 134,397
Disposals - (59,108 ) (59,108 )
At 31 May 2024 75,289 - 75,289
DEPRECIATION
At 1 June 2023 57,206 53,035 110,241
Charge for year 1,506 1,217 2,723
Eliminated on disposal - (54,252 ) (54,252 )
At 31 May 2024 58,712 - 58,712
NET BOOK VALUE
At 31 May 2024 16,577 - 16,577
At 31 May 2023 18,083 6,073 24,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 448 758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 77
Taxation and social security - 2,391
Other creditors 26,607 28,174
26,607 30,642

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 2,000 2,000