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REGISTERED NUMBER: 03978381 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lushington Hill Bodyshop Limited

Lushington Hill Bodyshop Limited (Registered number: 03978381)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lushington Hill Bodyshop Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Willson
Mrs R Willson





REGISTERED OFFICE: Lushington Hill Garage Limited
High Street, Wootton Bridge
Ryde
Isle of Wight
PO33 4RD





REGISTERED NUMBER: 03978381 (England and Wales)





ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP

Lushington Hill Bodyshop Limited (Registered number: 03978381)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,078 14,447

CURRENT ASSETS
Debtors 5 15,287 24,151
Cash at bank 114,267 90,158
129,554 114,309
CREDITORS
Amounts falling due within one year 6 45,879 35,527
NET CURRENT ASSETS 83,675 78,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,753

93,229

CREDITORS
Amounts falling due after more than one year 7 20,700 29,900
NET ASSETS 78,053 63,329

CAPITAL AND RESERVES
Called up share capital 1,960 1,960
Capital redemption reserve 2,040 2,040
Retained earnings 74,053 59,329
78,053 63,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lushington Hill Bodyshop Limited (Registered number: 03978381)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:




C Willson - Director



Mrs R Willson - Director


Lushington Hill Bodyshop Limited (Registered number: 03978381)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lushington Hill Bodyshop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on reducing balance

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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lushington Hill Bodyshop Limited (Registered number: 03978381)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 45,324 16,250 - 61,574
Additions 4,755 - 881 5,636
At 30 June 2024 50,079 16,250 881 67,210
DEPRECIATION
At 1 July 2023 43,065 4,062 - 47,127
Charge for year 1,639 3,052 314 5,005
At 30 June 2024 44,704 7,114 314 52,132
NET BOOK VALUE
At 30 June 2024 5,375 9,136 567 15,078
At 30 June 2023 2,259 12,188 - 14,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 15,287 23,025
Other debtors - 1,126
15,287 24,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 19,895 20,123
Tax 10,118 8,619
Social security and other taxes 2,425 1,675
VAT 5,044 4,360
Pension creditor 189 165
Directors' current accounts 8,208 585
45,879 35,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other loans - 1-2 years 20,700 29,900