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REGISTERED NUMBER: 07902547 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ST ANDREW'S ROAD GARAGE LIMITED

ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST ANDREW'S ROAD GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Coleman
M Parr





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 07902547 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,693 61,003

CURRENT ASSETS
Stocks 119,500 95,500
Debtors 5 200,643 218,123
Cash at bank and in hand 42,220 77,315
362,363 390,938
CREDITORS
Amounts falling due within one year 6 416,334 381,135
NET CURRENT (LIABILITIES)/ASSETS (53,971 ) 9,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,722

70,806

CREDITORS
Amounts falling due after more than one
year

7

11,667

21,667
NET (LIABILITIES)/ASSETS (4,945 ) 49,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,045 ) 49,039
SHAREHOLDERS' FUNDS (4,945 ) 49,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




S Coleman - Director



M Parr - Director


ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

St Andrew's Road Garage 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st March 2024 the company's current liabilities exceeded its current assets by £53,971 and total liabilities of the company were £428,001. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

Turnover
Turnover represents net invoiced work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Equipment - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Leasehold Motor
improvements Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 79,698 41,034 14,500 135,232
Additions 3,057 4,499 9,000 16,556
Disposals - - (2,200 ) (2,200 )
At 31 March 2024 82,755 45,533 21,300 149,588
DEPRECIATION
At 1 April 2023 23,910 36,144 14,175 74,229
Charge for year 8,276 6,015 2,575 16,866
Eliminated on disposal - - (2,200 ) (2,200 )
At 31 March 2024 32,186 42,159 14,550 88,895
NET BOOK VALUE
At 31 March 2024 50,569 3,374 6,750 60,693
At 31 March 2023 55,788 4,890 325 61,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,702 32,758
Other debtors 49,368 56,157
Directors' current accounts 110,573 129,208
200,643 218,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - due in less than 1 year 10,000 10,000
Trade creditors 61,044 47,755
Tax 308,335 194,699
Social security and other taxes 12,422 12,457
VAT 20,333 112,224
Accruals and deferred income 4,200 4,000
416,334 381,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - due in 1 to 2 years 10,000 10,000
Other loans - due in 2 to 5 years 1,667 11,667
11,667 21,667

ST ANDREW'S ROAD GARAGE LIMITED (REGISTERED NUMBER: 07902547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company was owed a total of £110,573 from its directors'.
Interest has been charged at the official HMRC rate of interest. There are no repayment terms in place.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S Coleman and M Parr.