Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-09583provisionof garage services2024-01-01false99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06912849 2024-01-01 2024-12-31 06912849 2023-01-01 2023-12-31 06912849 2024-12-31 06912849 2023-12-31 06912849 c:Director1 2024-01-01 2024-12-31 06912849 c:Director2 2024-01-01 2024-12-31 06912849 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 06912849 d:Buildings d:LongLeaseholdAssets 2024-12-31 06912849 d:Buildings d:LongLeaseholdAssets 2023-12-31 06912849 d:PlantMachinery 2024-01-01 2024-12-31 06912849 d:PlantMachinery 2024-12-31 06912849 d:PlantMachinery 2023-12-31 06912849 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06912849 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06912849 d:MotorVehicles 2024-01-01 2024-12-31 06912849 d:MotorVehicles 2024-12-31 06912849 d:MotorVehicles 2023-12-31 06912849 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06912849 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06912849 d:FurnitureFittings 2024-01-01 2024-12-31 06912849 d:FurnitureFittings 2024-12-31 06912849 d:FurnitureFittings 2023-12-31 06912849 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06912849 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06912849 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06912849 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06912849 d:Goodwill 2024-01-01 2024-12-31 06912849 d:Goodwill 2024-12-31 06912849 d:Goodwill 2023-12-31 06912849 d:CurrentFinancialInstruments 2024-12-31 06912849 d:CurrentFinancialInstruments 2023-12-31 06912849 d:Non-currentFinancialInstruments 2024-12-31 06912849 d:Non-currentFinancialInstruments 2023-12-31 06912849 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06912849 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06912849 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06912849 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06912849 d:ShareCapital 2024-12-31 06912849 d:ShareCapital 2023-12-31 06912849 d:RetainedEarningsAccumulatedLosses 2024-12-31 06912849 d:RetainedEarningsAccumulatedLosses 2023-12-31 06912849 c:FRS102 2024-01-01 2024-12-31 06912849 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06912849 c:FullAccounts 2024-01-01 2024-12-31 06912849 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06912849 d:WithinOneYear 2024-12-31 06912849 d:WithinOneYear 2023-12-31 06912849 d:BetweenOneFiveYears 2024-12-31 06912849 d:BetweenOneFiveYears 2023-12-31 06912849 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 06912849 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 06912849 d:LeasedAssetsHeldAsLessee 2024-12-31 06912849 d:LeasedAssetsHeldAsLessee 2023-12-31 06912849 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 06912849 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 06912849










ALMARK GARAGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ALMARK GARAGE LIMITED
REGISTERED NUMBER: 06912849

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
44,945
54,575

Tangible assets
 5 
71,854
26,362

  
116,799
80,937

Current assets
  

Stocks
  
4,900
4,900

Debtors: amounts falling due within one year
 6 
17,999
18,020

Cash at bank and in hand
  
74,693
62,235

  
97,592
85,155

Creditors: amounts falling due within one year
 7 
(83,108)
(83,691)

Net current assets
  
 
 
14,484
 
 
1,464

Total assets less current liabilities
  
131,283
82,401

Creditors: amounts falling due after more than one year
 8 
(15,164)
(7,083)

Provisions for liabilities
  

Deferred tax
  
(15,380)
(3,125)

Net assets
  
100,739
72,193


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
100,737
72,191

  
100,739
72,193


Page 1

 
ALMARK GARAGE LIMITED
REGISTERED NUMBER: 06912849
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.




M Swift
S A Swift
Director
Director


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Almark Garage Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 06912849). Its registered office is Dale Yard, West End, Wirksworth, Matlock, DE4 4EG. The principal activity of the Company throughout the year continued to be that of the provision of garage services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 3

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

 The estimated useful lives range as follows:

Goodwill
-
20
years

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Leasehold property
-
5%
straight line
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 4

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings. 

 
2.8

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.11

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
192,605



At 31 December 2024

192,605



Amortisation


At 1 January 2024
138,030


Charge for the year on owned assets
9,630



At 31 December 2024

147,660



Net book value



At 31 December 2024
44,945



At 31 December 2023
54,575



Page 6

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
20,412
40,474
15,042
6,790
82,718


Additions
2,202
5,367
48,495
-
56,064


Disposals
(10,959)
-
-
-
(10,959)



At 31 December 2024

11,655
45,841
63,537
6,790
127,823



Depreciation


At 1 January 2024
7,793
34,021
11,565
2,977
56,356


Charge for the year on owned assets
583
1,745
870
1,059
4,257


Charge for the year on financed assets
-
-
3,031
-
3,031


Disposals
(7,675)
-
-
-
(7,675)



At 31 December 2024

701
35,766
15,466
4,036
55,969



Net book value



At 31 December 2024
10,954
10,075
48,071
2,754
71,854



At 31 December 2023
12,619
6,453
3,477
3,813
26,362

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
45,464
-

45,464
-

Page 7

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
16,408
16,153

Other debtors
1,591
1,867

17,999
18,020



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
5,000

Trade creditors
16,970
19,147

Corporation tax
26,369
34,567

Other taxation and social security
25,172
19,347

Obligations under hire purchase contracts
8,665
-

Other creditors
5,932
5,630

83,108
83,691



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
7,083

Obligations under hire purchase contracts
15,164
-

15,164
7,083


Page 8

 
ALMARK GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
861
6,941

Later than 1 year and not later than 5 years
-
861

861
7,802

 
Page 9