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REGISTERED NUMBER: 03307351 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 May 2024

for

Landford Garage Limited

Landford Garage Limited (Registered number: 03307351)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Landford Garage Limited

Company Information
for the Period 1 April 2023 to 31 May 2024







DIRECTOR: P Chadwick





REGISTERED OFFICE: Partridge Hill
Landford
Salisbury
Wiltshire
SP5 2BB





REGISTERED NUMBER: 03307351 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Landford Garage Limited (Registered number: 03307351)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 336,185 333,911
336,185 333,911

CURRENT ASSETS
Stocks 1,650 1,650
Debtors 6 18,180 102,329
Cash at bank and in hand 93 14,080
19,923 118,059
CREDITORS
Amounts falling due within one year 7 12,771 29,225
NET CURRENT ASSETS 7,152 88,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,337

422,745

CREDITORS
Amounts falling due after more than one
year

8

-

(50,521

)

PROVISIONS FOR LIABILITIES (38,581 ) (38,581 )
NET ASSETS 304,756 333,643

CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 11 200,070 200,070
Retained earnings 104,587 133,474
SHAREHOLDERS' FUNDS 304,756 333,643

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

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

The director acknowledges his 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.

Landford Garage Limited (Registered number: 03307351)

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 director and authorised for issue on 11 February 2025 and were signed by:





P Chadwick - Director


Landford Garage Limited (Registered number: 03307351)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 May 2024

1. STATUTORY INFORMATION

Landford 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
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land and buildings are accounted for under the Revaluation model. No depreciation is charged on freehold land.

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 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 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.

Landford Garage Limited (Registered number: 03307351)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 May 2024 47,500
AMORTISATION
At 1 April 2023
and 31 May 2024 47,500
NET BOOK VALUE
At 31 May 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 350,000 65,858 26,571 442,429
Additions - 4,299 - 4,299
Disposals - (65,858 ) (26,571 ) (92,429 )
At 31 May 2024 350,000 4,299 - 354,299
DEPRECIATION
At 1 April 2023 16,975 65,413 26,130 108,518
Charge for period 1,050 89 - 1,139
Eliminated on disposal - (65,413 ) (26,130 ) (91,543 )
At 31 May 2024 18,025 89 - 18,114
NET BOOK VALUE
At 31 May 2024 331,975 4,210 - 336,185
At 31 March 2023 333,025 445 441 333,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,208 10,357
Other debtors 14,972 91,972
18,180 102,329

Landford Garage Limited (Registered number: 03307351)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 79 15,711
Trade creditors 1 11,103
Taxation and social security 4,393 (384 )
Other creditors 8,298 2,795
12,771 29,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 50,521

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 66,232

The bank loan is secured on the company's freehold land and buildings.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary shares £1.00 99 99

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 May 2024 200,070

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2024 and the year ended 31 March 2023:

2024 2023
£    £   
P Chadwick
Balance outstanding at start of period 88,007 85,324
Amounts advanced - 2,683
Amounts repaid (88,007 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 88,007