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REGISTERED NUMBER: 06588989 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BROCKENHURST GARAGE SERVICES LIMITED

BROCKENHURST GARAGE SERVICES LIMITED (REGISTERED NUMBER: 06588989)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 2


BROCKENHURST GARAGE SERVICES LIMITED (REGISTERED NUMBER: 06588989)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,703 6,012

Current assets
Stocks 5 21,068 31,852
Debtors 6 23,393 12,541
Cash at bank 36,230 35,978
80,691 80,371
Creditors
Amounts falling due within one year 7 71,543 63,322
Net current assets 9,148 17,049
Total assets less current liabilities 13,851 23,061

Creditors
Amounts falling due after more than one year 8 (10,000 ) (20,000 )

Provisions for liabilities 10 (894 ) (1,143 )
Net assets 2,957 1,918

Capital and reserves
Called up share capital 11 100 100
Retained earnings 2,857 1,818
Shareholders' funds 2,957 1,918

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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:



Mr J R Bowman - Director


BROCKENHURST GARAGE SERVICES LIMITED (REGISTERED NUMBER: 06588989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

Brockenhurst Garage Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06588989. The registered office and trading address is Waters Green Garage, Waters Green, Brockenhurst, Hampshire, SO42 7RG.

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 sales of good and services, excluding value added tax.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 5 ) .

BROCKENHURST GARAGE SERVICES LIMITED (REGISTERED NUMBER: 06588989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 June 2023
and 31 May 2024 16,178 4,443 300 20,921
Depreciation
At 1 June 2023 10,246 4,443 220 14,909
Charge for year 1,249 - 60 1,309
At 31 May 2024 11,495 4,443 280 16,218
Net book value
At 31 May 2024 4,683 - 20 4,703
At 31 May 2023 5,932 - 80 6,012

5. Stocks
2024 2023
£    £   
Stocks 21,068 31,852

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 22,990 9,993
VAT - 112
Prepayments 403 2,436
23,393 12,541

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 45,357 43,329
Tax 9,716 6,730
Social security and other taxes 935 1,018
Pension 478 475
VAT 2,037 -
Directors' current accounts 1,395 133
Accruals and deferred income 1,625 1,637
71,543 63,322

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years - 10,000
10,000 20,000

BROCKENHURST GARAGE SERVICES LIMITED (REGISTERED NUMBER: 06588989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 47,295 47,295
Between one and five years 70,944 118,239
118,239 165,534

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 894 1,143

Deferred
tax
£   
Balance at 1 June 2023 1,143
Credit to Income statement during year (249 )
Balance at 31 May 2024 894

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.