2023-04-012024-03-312024-03-31false09500213EASTMENTS GARAGE LTD.2025-03-14falseiso4217:GBPxbrli:pure095002132023-04-01095002132024-03-31095002132023-04-012024-03-31095002132022-04-01095002132023-03-31095002132022-04-012023-03-3109500213bus:SmallEntities2023-04-012024-03-3109500213bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109500213bus:FullAccounts2023-04-012024-03-3109500213bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109500213core:WithinOneYear2024-03-3109500213core:AfterOneYear2024-03-3109500213core:WithinOneYear2023-03-3109500213core:AfterOneYear2023-03-3109500213core:ShareCapital2024-03-3109500213core:SharePremium2024-03-3109500213core:RevaluationReserve2024-03-3109500213core:OtherReservesSubtotal2024-03-3109500213core:RetainedEarningsAccumulatedLosses2024-03-3109500213core:ShareCapital2023-03-3109500213core:SharePremium2023-03-3109500213core:RevaluationReserve2023-03-3109500213core:OtherReservesSubtotal2023-03-3109500213core:RetainedEarningsAccumulatedLosses2023-03-3109500213core:LandBuildings2024-03-3109500213core:PlantMachinery2024-03-3109500213core:Vehicles2024-03-3109500213core:FurnitureFittings2024-03-3109500213core:OfficeEquipment2024-03-3109500213core:NetGoodwill2024-03-3109500213core:IntangibleAssetsOtherThanGoodwill2024-03-3109500213core:ListedExchangeTraded2024-03-3109500213core:UnlistedNon-exchangeTraded2024-03-3109500213core:LandBuildings2023-03-3109500213core:PlantMachinery2023-03-3109500213core:Vehicles2023-03-3109500213core:FurnitureFittings2023-03-3109500213core:OfficeEquipment2023-03-3109500213core:NetGoodwill2023-03-3109500213core:IntangibleAssetsOtherThanGoodwill2023-03-3109500213core:ListedExchangeTraded2023-03-3109500213core:UnlistedNon-exchangeTraded2023-03-3109500213core:LandBuildings2023-04-012024-03-3109500213core:PlantMachinery2023-04-012024-03-3109500213core:Vehicles2023-04-012024-03-3109500213core:FurnitureFittings2023-04-012024-03-3109500213core:OfficeEquipment2023-04-012024-03-3109500213core:NetGoodwill2023-04-012024-03-3109500213core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109500213core:ListedExchangeTraded2023-04-012024-03-3109500213core:UnlistedNon-exchangeTraded2023-04-012024-03-3109500213core:MoreThanFiveYears2023-04-012024-03-3109500213core:Non-currentFinancialInstruments2024-03-3109500213core:Non-currentFinancialInstruments2023-03-3109500213dpl:CostSales2023-04-012024-03-3109500213dpl:DistributionCosts2023-04-012024-03-3109500213core:LandBuildings2023-04-012024-03-3109500213core:PlantMachinery2023-04-012024-03-3109500213core:Vehicles2023-04-012024-03-3109500213core:FurnitureFittings2023-04-012024-03-3109500213core:OfficeEquipment2023-04-012024-03-3109500213dpl:AdministrativeExpenses2023-04-012024-03-3109500213core:NetGoodwill2023-04-012024-03-3109500213core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109500213dpl:GroupUndertakings2023-04-012024-03-3109500213dpl:ParticipatingInterests2023-04-012024-03-3109500213dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109500213core:ListedExchangeTraded2023-04-012024-03-3109500213dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109500213core:UnlistedNon-exchangeTraded2023-04-012024-03-3109500213dpl:CostSales2022-04-012023-03-3109500213dpl:DistributionCosts2022-04-012023-03-3109500213core:LandBuildings2022-04-012023-03-3109500213core:PlantMachinery2022-04-012023-03-3109500213core:Vehicles2022-04-012023-03-3109500213core:FurnitureFittings2022-04-012023-03-3109500213core:OfficeEquipment2022-04-012023-03-3109500213dpl:AdministrativeExpenses2022-04-012023-03-3109500213core:NetGoodwill2022-04-012023-03-3109500213core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109500213dpl:GroupUndertakings2022-04-012023-03-3109500213dpl:ParticipatingInterests2022-04-012023-03-3109500213dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109500213core:ListedExchangeTraded2022-04-012023-03-3109500213dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109500213core:UnlistedNon-exchangeTraded2022-04-012023-03-3109500213core:NetGoodwill2024-03-3109500213core:IntangibleAssetsOtherThanGoodwill2024-03-3109500213core:LandBuildings2024-03-3109500213core:PlantMachinery2024-03-3109500213core:Vehicles2024-03-3109500213core:FurnitureFittings2024-03-3109500213core:OfficeEquipment2024-03-3109500213core:AfterOneYear2024-03-3109500213core:WithinOneYear2024-03-3109500213core:ListedExchangeTraded2024-03-3109500213core:UnlistedNon-exchangeTraded2024-03-3109500213core:ShareCapital2024-03-3109500213core:SharePremium2024-03-3109500213core:RevaluationReserve2024-03-3109500213core:OtherReservesSubtotal2024-03-3109500213core:RetainedEarningsAccumulatedLosses2024-03-3109500213core:NetGoodwill2023-03-3109500213core:IntangibleAssetsOtherThanGoodwill2023-03-3109500213core:LandBuildings2023-03-3109500213core:PlantMachinery2023-03-3109500213core:Vehicles2023-03-3109500213core:FurnitureFittings2023-03-3109500213core:OfficeEquipment2023-03-3109500213core:AfterOneYear2023-03-3109500213core:WithinOneYear2023-03-3109500213core:ListedExchangeTraded2023-03-3109500213core:UnlistedNon-exchangeTraded2023-03-3109500213core:ShareCapital2023-03-3109500213core:SharePremium2023-03-3109500213core:RevaluationReserve2023-03-3109500213core:OtherReservesSubtotal2023-03-3109500213core:RetainedEarningsAccumulatedLosses2023-03-3109500213core:NetGoodwill2022-04-0109500213core:IntangibleAssetsOtherThanGoodwill2022-04-0109500213core:LandBuildings2022-04-0109500213core:PlantMachinery2022-04-0109500213core:Vehicles2022-04-0109500213core:FurnitureFittings2022-04-0109500213core:OfficeEquipment2022-04-0109500213core:AfterOneYear2022-04-0109500213core:WithinOneYear2022-04-0109500213core:ListedExchangeTraded2022-04-0109500213core:UnlistedNon-exchangeTraded2022-04-0109500213core:ShareCapital2022-04-0109500213core:SharePremium2022-04-0109500213core:RevaluationReserve2022-04-0109500213core:OtherReservesSubtotal2022-04-0109500213core:RetainedEarningsAccumulatedLosses2022-04-0109500213core:AfterOneYear2023-04-012024-03-3109500213core:WithinOneYear2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109500213core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3109500213core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3109500213core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3109500213core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3109500213core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3109500213bus:Director12023-04-012024-03-3109500213core:FurnitureFittingsToolsEquipment2023-03-3109500213core:FurnitureFittingsToolsEquipment2023-04-012024-03-3109500213core:FurnitureFittingsToolsEquipment2024-03-31095002131bus:Director12023-04-01095002131bus:Director12023-04-012024-03-31095002131bus:Director12024-03-31095002132023-04-01095002132023-04-012024-03-31095002132024-03-31

EASTMENTS GARAGE LTD.

Registered Number
09500213
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

EASTMENTS GARAGE LTD.
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Mr P R Eastment

Registered Address

Eastments Garage Newark Road
Torksey Lock
Lincoln
LN1 2EJ

Registered Number

09500213 (England and Wales)
EASTMENTS GARAGE LTD.
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets46,0728,651
6,0728,651
Current assets
Stocks5115,000125,000
Debtors6130,629176,145
Cash at bank and on hand2,4371,604
248,066302,749
Creditors amounts falling due within one year7(298,116)(326,966)
Net current assets (liabilities)(50,050)(24,217)
Total assets less current liabilities(43,978)(15,566)
Creditors amounts falling due after one year8(16,015)(24,191)
Net assets(59,993)(39,757)
Capital and reserves
Called up share capital100100
Profit and loss account(60,093)(39,857)
Shareholders' funds(59,993)(39,757)
The financial statements were approved and authorised for issue by the Director on 14 March 2025, and are signed on its behalf by:
Mr P R Eastment
Director
Registered Company No. 09500213
EASTMENTS GARAGE LTD.
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - 3 years straight line
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Vehicles25-
Office Equipment-33
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year99
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2315,00015,000
At 31 March 2415,00015,000
Amortisation and impairment
At 01 April 2315,00015,000
At 31 March 2415,00015,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 2325,21110,2751,73237,218
Disposals(577)(1,026)(306)(1,909)
At 31 March 2424,6349,2491,42635,309
Depreciation and impairment
At 01 April 2319,8497,92879028,567
Charge for year1,1069931682,267
On disposals(499)(836)(262)(1,597)
At 31 March 2420,4568,08569629,237
Net book value
At 31 March 244,1781,1647306,072
At 31 March 235,3622,3479428,651
5.Stocks

2024

2023

££
Work in progress20,00030,000
Other stocks95,00095,000
Total115,000125,000
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables24,21712,759
Other debtors99,660154,851
Prepayments and accrued income6,7528,535
Total130,629176,145
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables22,39413,913
Bank borrowings and overdrafts53,16252,636
Taxation and social security215,480255,896
Other creditors2,958385
Accrued liabilities and deferred income4,1224,136
Total298,116326,966
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts16,01524,191
Total16,01524,191
Bank borrowings Bank Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 5 June 2026. The carrying amount at year end is £25,808 (2023 - £33,782).
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr P R Eastment116,55913,68155,85574,385
Loan with interest charged
116,55913,68155,85574,385
In the previous year advances to directors were £53,072 and repayments of £20,253.