Registered number
09231739
James & Aldridge Garage Ltd
Filleted Accounts
30 September 2024
James & Aldridge Garage Ltd
Registered number: 09231739
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 203,542 269,331
Current assets
Stocks 30,000 30,000
Debtors 4 97,034 33,463
Cash at bank and in hand 172 856
127,206 64,319
Creditors: amounts falling due within one year 5 (224,633) (231,125)
Net current liabilities (97,427) (166,806)
Total assets less current liabilities 106,115 102,525
Creditors: amounts falling due after more than one year 6 (41,907) (86,408)
Provisions for liabilities (41,862) (36,737)
Net assets/(liabilities) 22,346 (20,620)
Capital and reserves
Called up share capital 50 50
Profit and loss account 22,296 (20,670)
Shareholders' funds 22,346 (20,620)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kelly Aldridge
Director
Approved by the board on 22 April 2025
James & Aldridge Garage Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 18,568 149,316 414,620 582,504
Additions - 4,040 25,960 30,000
Disposals - - (37,605) (37,605)
At 30 September 2024 18,568 153,356 402,975 574,899
Depreciation
At 1 October 2023 9,285 128,955 174,933 313,173
Charge for the year 1,857 10,509 88,242 100,608
On disposals - - (42,424) (42,424)
At 30 September 2024 11,142 139,464 220,751 371,357
Net book value
At 30 September 2024 7,426 13,892 182,224 203,542
At 30 September 2023 9,283 20,361 239,687 269,331
4 Debtors 2024 2023
£ £
Trade debtors 61,989 30,494
Other debtors 35,045 2,969
97,034 33,463
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 109,627 96,373
Obligations under finance lease and hire purchase contracts 13,041 55,797
Trade creditors 73,673 49,988
Taxation and social security costs 26,891 27,527
Other creditors 1,401 1,440
224,633 231,125
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,820 72,737
Obligations under finance lease and hire purchase contracts 7,087 13,671
41,907 86,408
7 Related party transactions
During the year the company supplied goods and services to Aldridge and Sons Recovery Ltd, an associated company, amounting to £128,984 (2023 £105,285).

As at 30th September, the Directors owed the company £34,645. This was repaid by a dividend declared on 3rd April 2025.
8 Other information
James & Aldridge Garage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
James & Aldridge Garage
Bude - Stratton Business Park
Cornwall
EX23 8LY
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