Company Registration No. 5497353 (England and Wales)
VICTORIA GARAGE (PENARTH) LIMITED
Unaudited accounts
for the year ended 31 July 2024
VICTORIA GARAGE (PENARTH) LIMITED
Unaudited accounts
Contents
VICTORIA GARAGE (PENARTH) LIMITED
Company Information
for the year ended 31 July 2024
Directors
Thomas Luck
Simon Prosser
Company Number
5497353 (England and Wales)
Registered Office
1 Redlands Road
Penarth
Vale Of Glamorgan
CF64 2WD
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
VICTORIA GARAGE (PENARTH) LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
22,263
7,936
Cash at bank and in hand
9,137
25,959
Creditors: amounts falling due within one year
(88,520)
(61,420)
Net current (liabilities)/assets
(3,969)
13,555
Total assets less current liabilities
18,294
21,491
Creditors: amounts falling due after more than one year
(15,086)
(19,922)
Called up share capital
4
4
Profit and loss account
3,204
1,565
Shareholders' funds
3,208
1,569
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Simon Prosser
Director
Company Registration No. 5497353
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
VICTORIA GARAGE (PENARTH) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5497353. The registered office is 1 Redlands Road, Penarth, Vale Of Glamorgan, CF64 2WD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
97,978
22,678
3,908
124,564
Additions
5,613
12,700
-
18,313
At 31 July 2024
103,591
35,378
3,908
142,877
At 1 August 2023
94,493
19,428
2,707
116,628
Charge for the year
1,238
2,419
329
3,986
At 31 July 2024
95,731
21,847
3,036
120,614
At 31 July 2024
7,860
13,531
872
22,263
At 31 July 2023
3,485
3,250
1,201
7,936
Amounts falling due within one year
Trade debtors
10,880
4,717
Other debtors
59,534
39,299
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,622
10,000
Obligations under finance leases and hire purchase contracts
3,033
-
Trade creditors
21,656
17,506
Taxes and social security
23,302
17,551
Other creditors
12,019
(651)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,176
-
VICTORIA GARAGE (PENARTH) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
39,299
20,235
-
59,534
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).