Registered number
01229550
Autavia Garage (Bournemouth) Limited
Filleted Accounts
31 December 2024
Autavia Garage (Bournemouth) Limited
Registered number: 01229550
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 755,001 755,001
Current assets
Debtors 4 103 94
Cash at bank and in hand 4,511 6,316
4,614 6,410
Creditors: amounts falling due within one year 5 (28,656) (26,887)
Net current liabilities (24,042) (20,477)
Total assets less current liabilities 730,959 734,524
Creditors: amounts falling due after more than one year 6 (3,541) (3,489)
Provisions for liabilities (46,647) (46,647)
Net assets 680,771 684,388
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 7 591,357 591,357
Profit and loss account 88,414 92,031
Shareholders' funds 680,771 684,388
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carol Ann Thomas
Director
Approved by the board on 24 February 2025
Autavia Garage (Bournemouth) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 755,000 1,546 756,546
At 31 December 2024 755,000 1,546 756,546
Depreciation
At 1 January 2024 - 1,545 1,545
At 31 December 2024 - 1,545 1,545
Net book value
At 31 December 2024 755,000 1 755,001
At 31 December 2023 755,000 1 755,001
Freehold land and buildings: 2024 2023
£ £
Historical cost 163,643 163,643
Cumulative depreciation based on historical cost - -
163,643 163,643
4 Debtors 2024 2023
£ £
Other debtors 103 94
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 14,408 13,183
Other creditors 14,248 13,704
28,656 26,887
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,541 3,489
7 Revaluation reserve 2024 2023
£ £
At 1 January 2024 591,357 591,357
At 31 December 2024 591,357 591,357
8 Other information
Autavia Garage (Bournemouth) Limited is a private company limited by shares and incorporated in England. Its registered office is:
111 North Road
Poole
Dorset
BH14 0LU
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