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Company Registration No. 07795125 (England and Wales)
ABC Garages LTD Unaudited accounts for the year ended 31 July 2024
ABC Garages LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ABC Garages LTD Company Information for the year ended 31 July 2024
Director
Brent Lord
Company Number
07795125 (England and Wales)
Registered Office
REAR OF ABC CINEMA LEEMING STREET MANSFIELD NOTTS NG18 1NG
Accountants
BFS Accountants Ltd Ransom Hall, Ransom Wood Business Park Southwell Road West Mansfield Nottinghamshire NG21 0HJ
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ABC Garages LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
70,308 
70,816 
Current assets
Debtors
6
1,400 
1,400 
Cash at bank and in hand
15,337 
18,077 
16,737 
19,477 
Creditors: amounts falling due within one year
7
(28,655)
(27,276)
Net current liabilities
(11,918)
(7,799)
Net assets
58,390 
63,017 
Capital and reserves
Share premium
2 
2 
Profit and loss account
58,388 
63,015 
Shareholders' funds
58,390 
63,017 
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2025 and were signed on its behalf by
Brent Lord Director Company Registration No. 07795125
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ABC Garages LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
ABC Garages LTD is a private company, limited by shares, registered in England and Wales, registration number 07795125. The registered office is REAR OF ABC CINEMA, LEEMING STREET, MANSFIELD, NOTTS, NG18 1NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
2,500 
At 31 July 2024
2,500 
Amortisation
At 1 August 2023
2,500 
At 31 July 2024
2,500 
Net book value
At 31 July 2024
- 
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ABC Garages LTD Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
70,000 
1,203 
831 
72,034 
At 31 July 2024
70,000 
1,203 
831 
72,034 
Depreciation
At 1 August 2023
- 
802 
416 
1,218 
Charge for the year
- 
300 
208 
508 
At 31 July 2024
- 
1,102 
624 
1,726 
Net book value
At 31 July 2024
70,000 
101 
207 
70,308 
At 31 July 2023
70,000 
401 
415 
70,816 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
996 
996 
Other debtors
404 
404 
1,400 
1,400 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,826 
2,447 
Loans from directors
24,829 
24,829 
28,655 
27,276 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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