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Company Registration No. 06131298 (England and Wales)
Great Gidding Garage Engineering Limited Unaudited accounts for the year ended 31 August 2024
Great Gidding Garage Engineering Limited Unaudited accounts Contents
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Great Gidding Garage Engineering Limited Company Information for the year ended 31 August 2024
Directors
Mr Wayne Toulmin Mrs April Toulmin
Company Number
06131298 (England and Wales)
Registered Office
Milking Slade Lane Great Gidding Huntingdon Cambs PE28 5NS
Accountants
C J Dyke & Company The Old Police Station Priory Road St Ives Cambs PE27 5BB
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Great Gidding Garage Engineering Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
549 
686 
Current assets
Debtors
2,034 
17,100 
Cash at bank and in hand
335,172 
458,434 
337,206 
475,534 
Creditors: amounts falling due within one year
(48,577)
(66,075)
Net current assets
288,629 
409,459 
Net assets
289,178 
410,145 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
289,176 
410,143 
Shareholders' funds
289,178 
410,145 
For the year ending 31 August 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 17 February 2025 and were signed on its behalf by
Mr Wayne Toulmin Director Company Registration No. 06131298
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Great Gidding Garage Engineering Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Great Gidding Garage Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 06131298. The registered office is Milking Slade Lane, Great Gidding, Huntingdon, Cambs, PE28 5NS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
4,340 
At 31 August 2024
4,340 
Depreciation
At 1 September 2023
3,654 
Charge for the year
137 
At 31 August 2024
3,791 
Net book value
At 31 August 2024
549 
At 31 August 2023
686 
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Great Gidding Garage Engineering Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,034 
- 
Trade debtors
- 
17,100 
2,034 
17,100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
7,543 
Trade creditors
110 
2,071 
Taxes and social security
(10,646)
11,669 
Proposed dividends
50,000 
35,000 
Other creditors
- 
126 
Loans from directors
8,338 
4,797 
Accruals
775 
4,869 
48,577 
66,075 
7
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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