Company registration number 00626310 (England and Wales)
HILLAMS GARAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
HILLAMS GARAGE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
HILLAMS GARAGE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
116,289
11,953
Current assets
Stocks
981
927
Debtors
-
0
2,702
Cash at bank and in hand
26,392
100,681
27,373
104,310
Creditors: amounts falling due within one year
(109,619)
(123,636)
Net current liabilities
(82,246)
(19,326)
Net assets/(liabilities)
34,043
(7,373)
Capital and reserves
Called up share capital
4
1,501
1,501
Share premium account
249
249
Profit and loss reserves
32,293
(9,123)
Total equity
34,043
(7,373)
HILLAMS GARAGE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
T Hillam
Director
Company registration number 00626310 (England and Wales)
HILLAMS GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Hillams Garage Limited is a private company limited by shares incorporated in England and Wales. The registered office is 111 Buttershaw Lane, Bradford, BD6 2DB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised on the provision of service obligation where a right to consideration is due.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% reducing balance basis
Plant and equipment
20% reducing balance basis
Fixtures and fittings
20% reducing balance basis
Motor vehicles
25% reducing balance basis
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

HILLAMS GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
13,264
82,663
9,220
201,456
306,603
Additions
-
0
1,640
-
0
125,964
127,604
At 30 June 2024
13,264
84,303
9,220
327,420
434,207
Depreciation and impairment
At 1 July 2023
12,763
73,281
8,020
200,586
294,650
Depreciation charged in the year
50
1,958
240
21,020
23,268
At 30 June 2024
12,813
75,239
8,260
221,606
317,918
Carrying amount
At 30 June 2024
451
9,064
960
105,814
116,289
At 30 June 2023
501
9,382
1,200
870
11,953
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 50p each
1,501
1,501
1,501
1,501
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