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REGISTERED NUMBER: 14875730 (England and Wales)














Unaudited Financial Statements

for the Period 17 May 2023 to 31 August 2024

for

Edward Street Garage Crewe Limited

Edward Street Garage Crewe Limited (Registered number: 14875730)






Contents of the Financial Statements
for the Period 17 May 2023 to 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Edward Street Garage Crewe Limited (Registered number: 14875730)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 18,277

CURRENT ASSETS
Stocks 500
Debtors 5 12,527
Cash at bank and in hand 71,458
84,485
CREDITORS
Amounts falling due within one year 6 52,308
NET CURRENT ASSETS 32,177
TOTAL ASSETS LESS CURRENT LIABILITIES 50,454

PROVISIONS FOR LIABILITIES 4,569
NET ASSETS 45,885

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 45,785
SHAREHOLDERS' FUNDS 45,885

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr R J Lee - Director


Edward Street Garage Crewe Limited (Registered number: 14875730)

Notes to the Financial Statements
for the Period 17 May 2023 to 31 August 2024

1. STATUTORY INFORMATION

Edward Street Garage Crewe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14875730

Registered office: Edward Street
Crewe
Cheshire
CW2 6HQ

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitles to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Edward Street Garage Crewe Limited (Registered number: 14875730)

Notes to the Financial Statements - continued
for the Period 17 May 2023 to 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 22,106 4,482 26,588
At 31 August 2024 22,106 4,482 26,588
DEPRECIATION
Charge for period 6,910 1,401 8,311
At 31 August 2024 6,910 1,401 8,311
NET BOOK VALUE
At 31 August 2024 15,196 3,081 18,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,386
Other debtors 3,141
12,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 15,578
Amounts owed to associates 14,475
Taxation and social security 20,505
Other creditors 1,750
52,308