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Registered number: 13957848
New Road Service Station Croxley Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13957848
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 154,500 172,500
Tangible Assets 5 59,737 67,905
214,237 240,405
CURRENT ASSETS
Stocks 6 27,860 27,860
Debtors 7 44,801 45,262
Cash at bank and in hand 105,679 114,798
178,340 187,920
Creditors: Amounts Falling Due Within One Year 8 (162,521 ) (170,860 )
NET CURRENT ASSETS (LIABILITIES) 15,819 17,060
TOTAL ASSETS LESS CURRENT LIABILITIES 230,056 257,465
Creditors: Amounts Falling Due After More Than One Year 9 (125,000 ) (193,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,547 ) (1,185 )
NET ASSETS 99,509 62,780
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 99,499 62,770
SHAREHOLDERS' FUNDS 99,509 62,780
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Tora
Director
Miss Kirsty Whitbread
Director
27th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
New Road Service Station Croxley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13957848 . The registered office is 50 New Road, Croxley Green, Rickmansworth, WD3 3EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 1/20th straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 180,000
As at 31 December 2024 180,000
Amortisation
As at 1 January 2024 7,500
Provided during the period 18,000
As at 31 December 2024 25,500
Net Book Value
As at 31 December 2024 154,500
As at 1 January 2024 172,500
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 39,525 30,000 960 70,485
As at 31 December 2024 39,525 30,000 960 70,485
Depreciation
As at 1 January 2024 - 2,500 80 2,580
Provided during the period 1,976 6,000 192 8,168
As at 31 December 2024 1,976 8,500 272 10,748
Net Book Value
As at 31 December 2024 37,549 21,500 688 59,737
As at 1 January 2024 39,525 27,500 880 67,905
6. Stocks
31 December 2024 31 December 2023
£ £
Finished goods 27,860 27,860
Page 4
Page 5
7. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 33,661 35,292
Other debtors 11,140 9,970
44,801 45,262
8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 26,555 36,480
Other creditors 54,600 68,153
Taxation and social security 81,366 66,227
162,521 170,860
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other creditors 125,000 193,500
10. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 10 10
11. Capital Commitments
31 December 2024 31 December 2023
£ £
At the end of the period 1,110,000 1,175,000
On the 31 July 2023 the company entered into a 20 year lease.  At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 December 2024 31 December 2023
£ £
Mr John Tora 35,750 1,000
Miss Kirsty Whitbread 35,750 1,000
Page 5