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REGISTERED NUMBER: 12104539 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 August 2024

for

G R AUTO'S SERVICES LTD

G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)






Contents of the Financial Statements
for the Year Ended 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R AUTO'S SERVICES LTD

Company Information
for the Year Ended 30 August 2024







DIRECTOR: G Hobbs





REGISTERED OFFICE: Unit 2 & Unit 3B Vickers Business Centre
Basingstoke
RG24 9RA





REGISTERED NUMBER: 12104539 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)

Balance Sheet
30 August 2024

30.8.24 30.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,167 1,545

CURRENT ASSETS
Stocks 3,115 2,495
Debtors 5 32,345 25,557
Cash at bank and in hand 5,135 1,001
40,595 29,053
CREDITORS
Amounts falling due within one year 6 (39,140 ) (23,050 )
NET CURRENT ASSETS 1,455 6,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,622

7,548

CREDITORS
Amounts falling due after more than one
year

7

(2,315

)

(13,900

)
NET ASSETS/(LIABILITIES) 307 (6,352 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207 (6,452 )
SHAREHOLDERS' FUNDS 307 (6,352 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)

Balance Sheet - continued
30 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





G Hobbs - Director


G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)

Notes to the Financial Statements
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

G R AUTO'S SERVICES LTD 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.

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.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

At each reporting date stocks are assessed for impairment.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

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.

G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

2. ACCOUNTING POLICIES - continued

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.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023
and 30 August 2024 4,818
DEPRECIATION
At 31 August 2023 3,273
Charge for year 378
At 30 August 2024 3,651
NET BOOK VALUE
At 30 August 2024 1,167
At 30 August 2023 1,545

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Trade debtors 26,682 24,989
Other debtors 5,663 568
32,345 25,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Bank loans and overdrafts - 1,461
Trade creditors 24,618 14,297
Taxation and social security 13,522 7,292
Other creditors 1,000 -
39,140 23,050

G R AUTO'S SERVICES LTD (REGISTERED NUMBER: 12104539)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.24 30.8.23
£    £   
Bank loans - 7,600
Other creditors 2,315 6,300
2,315 13,900