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REGISTERED NUMBER: 00706981 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

West Heath Garage (Farnborough) Limited

West Heath Garage (Farnborough) Limited (Registered number: 00706981)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Heath Garage (Farnborough) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr T M Sanders





SECRETARY: Mr N Ellis





REGISTERED OFFICE: Unit 9 Springlakes Estate
Deadbrook Lane
Aldershot
Hampshire
GU12 4UH





REGISTERED NUMBER: 00706981 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

West Heath Garage (Farnborough) Limited (Registered number: 00706981)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 108,951 124,353

CURRENT ASSETS
Stocks 726,836 1,549,533
Debtors 5 97,871 87,225
Cash at bank 535,881 73,361
1,360,588 1,710,119
CREDITORS
Amounts falling due within one year 6 (447,079 ) (412,367 )
NET CURRENT ASSETS 913,509 1,297,752
TOTAL ASSETS LESS CURRENT LIABILITIES 1,022,460 1,422,105

CREDITORS
Amounts falling due after more than one year 7 (1,144,497 ) (1,396,880 )

PROVISIONS FOR LIABILITIES (27,075 ) (23,476 )
NET (LIABILITIES)/ASSETS (149,112 ) 1,749

CAPITAL AND RESERVES
Called up share capital 204,500 204,500
Retained earnings (353,612 ) (202,751 )
(149,112 ) 1,749

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 director and authorised for issue on 25 March 2025 and were signed by:





Mr T M Sanders - Director


West Heath Garage (Farnborough) Limited (Registered number: 00706981)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

West Heath Garage (Farnborough) 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.

Related party exemption
The company has taken advantage of the exemptions within FRS 102 not to report related party transactions with group companies on the grounds that consolidated financial statements are prepared by the parent company and are publicly available.

The parent of both the largest and smallest group for which group accounts including the company are drawn are up is Sandhurst Autoprint Limited. Copies of these accounts may be obtained from Companies House, Crown way, Cardiff, CF14 3UZ.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

West Heath Garage (Farnborough) Limited (Registered number: 00706981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:
Leasehold improvements- 10 years straight line
Plant and machinery- 25% and 10 years straight line
Fixtures and fittings- 25% straight line
Computer equipment - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

West Heath Garage (Farnborough) Limited (Registered number: 00706981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 37,402 316,100 353,502
Additions - 6,509 6,509
At 31 July 2024 37,402 322,609 360,011
DEPRECIATION
At 1 August 2023 13,184 215,965 229,149
Charge for year 2,462 19,449 21,911
At 31 July 2024 15,646 235,414 251,060
NET BOOK VALUE
At 31 July 2024 21,756 87,195 108,951
At 31 July 2023 24,218 100,135 124,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 39,192 20,386
Amounts owed by group undertakings 8,337 3,060
Other debtors 50,342 63,779
97,871 87,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 214,234 234,828
Amounts owed to group undertakings 24,948 -
Taxation and social security 62,853 67,254
Other creditors 145,044 110,285
447,079 412,367

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 1,144,497 1,396,880

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

West Heath Garage (Farnborough) Limited (Registered number: 00706981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Sandhurst Autoprint Limited.