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Registered number: 05204038

Red Oak Garage Limited

ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024

Prepared By:
J D Services (South East) Limited
Chartered Certified Accountants
95 London Road
Maidstone
Kent
ME16 0EB

Red Oak Garage Limited

ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
DIRECTORS
Rebecca Louise Reeves
Simon John Reeves
SECRETARY
Rebecca Louise Reeves
REGISTERED OFFICE
Unit 7 Buckland Road Industrial Estate
Maidstone
Kent
ME16 0SL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05204038
ACCOUNTANTS
J D Services (South East) Limited
Chartered Certified Accountants
95 London Road
Maidstone
Kent
ME16 0EB

Red Oak Garage Limited

ACCOUNTS
FOR THEYEARENDED31 AUGUST 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Red Oak Garage Limited

BALANCE SHEET AT 31 August 2024
20242023
Notes££
FIXED ASSETS
Tangible assets237,06018,802
CURRENT ASSETS
Stock4,3783,515
Debtors465,864154,138
Cash at bank and in hand370,085318,425
440,327476,078
CREDITORS: Amounts falling due within one year599,665112,933
NET CURRENT ASSETS340,662363,145
TOTAL ASSETS LESS CURRENT LIABILITIES377,722381,947
PROVISIONS FOR LIABILITIES AND CHARGES73,2782,775
NET ASSETS374,444379,172
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account374,442379,170
SHAREHOLDERS' FUNDS374,444379,172
For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30 April 2025 and signed on their behalf by
.............................
Simon John Reeves
Director
.............................
Rebecca Louise Reeves
Director

Red Oak Garage Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Commercial Vehiclesreducing balance 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Red Oak Garage Limited

2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercial
PropertiesMachineryVehiclesEquipmentTotal
£££££
Cost
At 1 September 20232,50049,59327,66811,63191,392
Additions--19,75013,10532,855
Disposals--(7,500)-(7,500)
At 31 August 20242,50049,59339,91824,736116,747
Depreciation
At 1 September 2023-42,79624,5255,26972,590
Disposals--(5,469)-(5,469)
For the year-4,9603,9773,62912,566
At 31 August 2024-47,75623,0338,89879,687
Net Book Amounts
At 31 August 20242,5001,83716,88515,83837,060
At 31 August 20232,5006,7973,1436,36218,802
3. STOCK 20242023
££
Stock comprises:
Stock of parts and consumables4,3783,515
4,3783,515
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors54,135144,894
Other debtors1,136-
Prepayments10,5939,244
65,864154,138

Red Oak Garage Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,44427,778
VAT17,02212,862
PAYE control7,9408,237
Directors current account2,8511,190
Bank loans and overdrafts5,648823
Trade creditors42,36960,693
Other creditors & accruals1,5001,350
Pension schemes891-
99,665112,933
6. EMPLOYEES
20242023
No.No.
Average number of employees1010
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,2782,775
3,2782,775
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22

Red Oak Garage Limited

9. CONTROLLING PARTY
The directors hold equal shares in the company and between them represent the joint controlling party.