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Registration number: 14269974

Tristan Garage Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Tristan Garage Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

Tristan Garage Limited

Company Information

Directors

Mr Ival Ferrier

Mr James Ival Ferrier

Registered office

Waterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW

Accountants

GW&Co. Ltd
Chartered Certified AccountantsWaterside Court
Falmouth Road
Penryn
United Kingdom
TR10 8AW

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Tristan Garage Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tristan Garage Limited for the year ended 31 August 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Tristan Garage Limited, as a body, in accordance with the terms of our engagement letter dated 2 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Tristan Garage Limited and state those matters that we have agreed to state to the Board of Directors of Tristan Garage Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tristan Garage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tristan Garage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tristan Garage Limited. You consider that Tristan Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tristan Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

GW&Co. Ltd
Chartered Certified Accountants
Waterside Court
Falmouth Road
Penryn
United Kingdom
TR10 8AW

11 April 2025

 

Tristan Garage Limited

Profit and Loss Account for the Year Ended 31 August 2024

2024
£

2023
£

Turnover

261,533

90,408

Other income

5,386

2,455

Cost of raw materials and consumables

(92,298)

(27,570)

Staff costs

(77,765)

(24,039)

Depreciation and other amounts written off assets

(2,128)

(1,686)

Other charges

(45,306)

(18,246)

Profit before tax

49,422

21,322

Tax on profit

(7,407)

(3,677)

Profit for the year

42,015

17,645

 

Tristan Garage Limited

(Registration number: 14269974)
Balance Sheet as at 31 August 2024

2024
£

2023
£

Fixed assets

46,750

36,870

Current assets

53,135

61,148

Prepayments and accrued income

3,997

3,370

Creditors: Amounts falling due within one year

(72,389)

(37,762)

Net current (liabilities)/assets

(15,257)

26,756

Total assets less current liabilities

31,493

63,626

Creditors: Amounts falling due after more than one year

-

(44,589)

Accruals and deferred income

(1,832)

(1,391)

 

29,661

17,646

Capital and reserves

29,661

17,646

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Waterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW
England

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

3

Related party transactions

Included in creditors is an amount of £23,495 (2023 £35,785) owing to the Director.
The property is owned by the Director and the Company pays him a commercial rental of £15,000 per annum.

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

 

Tristan Garage Limited

(Registration number: 14269974)
Balance Sheet as at 31 August 2024

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr Ival Ferrier
Director