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REGISTERED NUMBER: 04400047 (England and Wales)















STATION GARAGE KILGETTY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STATION GARAGE KILGETTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G I W Mansell
Mrs S M Mansell
B W Mansell
Mrs R E Mansell
D J Mansell
S D Mansell



SECRETARY: Mrs S M Mansell



REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP



REGISTERED NUMBER: 04400047 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP



BANKERS: Lloyds Bank plc
7 Victoria Place
Haverfordwest
Pembrokeshire
SA61 2JX

STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 603,022 316,060
603,022 316,060

CURRENT ASSETS
Stocks 444,682 716,256
Debtors 6 35,446 41,058
Cash at bank 637,837 732,249
1,117,965 1,489,563
CREDITORS
Amounts falling due within one year 7 485,228 503,085
NET CURRENT ASSETS 632,737 986,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,235,759

1,302,538

PROVISIONS FOR LIABILITIES 4,807 6,501
NET ASSETS 1,230,952 1,296,037

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,220,952 1,286,037
SHAREHOLDERS' FUNDS 1,230,952 1,296,037

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 8 May 2025 and were signed on its behalf by:




G I W Mansell - Director B W Mansell - Director




D J Mansell - Director S D Mansell - Director




Mrs S M Mansell - Director Mrs R E Mansell - Director


STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Station Garage Kilgetty 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - Straight line over 4 years

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 350,000
AMORTISATION
At 1 January 2024
and 31 December 2024 350,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery
£    £    £   
COST
At 1 January 2024 305,895 17,767 57,053
Additions - 304,103 -
At 31 December 2024 305,895 321,870 57,053
DEPRECIATION
At 1 January 2024 36,708 1,075 39,241
Charge for year 6,118 6,435 2,671
At 31 December 2024 42,826 7,510 41,912
NET BOOK VALUE
At 31 December 2024 263,069 314,360 15,141
At 31 December 2023 269,187 16,692 17,812

STATION GARAGE KILGETTY LTD (REGISTERED NUMBER: 04400047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 57,396 31,369 469,480
Additions - - 304,103
At 31 December 2024 57,396 31,369 773,583
DEPRECIATION
At 1 January 2024 45,196 31,200 153,420
Charge for year 1,830 87 17,141
At 31 December 2024 47,026 31,287 170,561
NET BOOK VALUE
At 31 December 2024 10,370 82 603,022
At 31 December 2023 12,200 169 316,060

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,383 34,007
Other debtors 8,063 7,051
35,446 41,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,526 28,911
Taxation and social security 29,674 75,678
Other creditors 427,028 398,496
485,228 503,085

Santander holds a debenture dated 28 January 2012.

8. RELATED PARTY DISCLOSURES

The company trades from premises owned by the directors. No rent was paid for the use of the property during the year.
During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £422,885 (2023 £384,565)