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REGISTERED NUMBER: 08626772 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Wellington Garage (1959) Limited

Wellington Garage (1959) Limited (Registered number: 08626772)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellington Garage (1959) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr B Taylor
Mr R M Taylor





REGISTERED OFFICE: Wellington Garage
Florence Street
Middlesbrough
TS2 1DR





REGISTERED NUMBER: 08626772 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Wellington Garage (1959) Limited (Registered number: 08626772)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,137 5,974
12,137 5,974

CURRENT ASSETS
Stocks 450 450
Debtors 6 11,374 19,663
Cash at bank and in hand 3,423 4,355
15,247 24,468
CREDITORS
Amounts falling due within one year 7 12,781 14,707
NET CURRENT ASSETS 2,466 9,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,603

15,735

CREDITORS
Amounts falling due after more than one
year

8

(12,963

)

(15,185

)

PROVISIONS FOR LIABILITIES 9 (1,612 ) (423 )
NET ASSETS 28 127

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26 125
SHAREHOLDERS' FUNDS 28 127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wellington Garage (1959) Limited (Registered number: 08626772)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr B Taylor - Director


Wellington Garage (1959) Limited (Registered number: 08626772)

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

1. STATUTORY INFORMATION

Wellington Garage (1959) 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.


Wellington Garage (1959) Limited (Registered number: 08626772)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Wellington Garage (1959) Limited (Registered number: 08626772)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 4,685 3,993 8,678
Additions - 7,026 7,026
At 31 July 2024 4,685 11,019 15,704
DEPRECIATION
At 1 August 2023 937 1,767 2,704
Charge for year 94 769 863
At 31 July 2024 1,031 2,536 3,567
NET BOOK VALUE
At 31 July 2024 3,654 8,483 12,137
At 31 July 2023 3,748 2,226 5,974

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 813 2,035
Other debtors 10,561 17,628
11,374 19,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 4,404 4,586
Taxation and social security 5,200 7,149
Other creditors 3,177 2,972
12,781 14,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 12,963 15,185

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 1,612 423

Wellington Garage (1959) Limited (Registered number: 08626772)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 423
Movement in year 1,189
Balance at 31 July 2024 1,612

10. RELATED PARTY DISCLOSURES

At 31 July 2024 the directors owed the company £9,109. This was repaid by the 31 March 2025. (2023:£17,628).

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.