REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 August 2024 |
for |
G R AUTO'S SERVICES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 August 2023 |
and 30 August 2024 |
DEPRECIATION |
At 31 August 2023 |
Charge for year |
At 30 August 2024 |
NET BOOK VALUE |
At 30 August 2024 |
At 30 August 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.24 | 30.8.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.24 | 30.8.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
Other creditors |