Company Registration No. 04566162 (England and Wales)
Mere Garage Limited
Unaudited accounts
for the year ended 31 October 2024
Mere Garage Limited
Unaudited accounts
Contents
Mere Garage Limited
Company Information
for the year ended 31 October 2024
Company Number
04566162 (England and Wales)
Registered Office
4 Cuckoos Nest Lane
Warminster
BA12 8JL
England
Accountants
Prime Entry Ltd
The Office Rose Cottage
Cole Street Lane
Gillingham
Dorset
SP8 5JQ
Mere Garage Limited
Statement of financial position
as at 31 October 2024
Tangible assets
7,714
6,938
Cash at bank and in hand
172,536
205,281
Creditors: amounts falling due within one year
(103,849)
(161,882)
Net current assets
80,197
59,886
Called up share capital
100
100
Profit and loss account
87,811
66,724
Shareholders' funds
87,911
66,824
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2025 and were signed on its behalf by
Philip Gatehouse
Director
Company Registration No. 04566162
Mere Garage Limited
Notes to the Accounts
for the year ended 31 October 2024
Mere Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 04566162. The registered office is 4 Cuckoos Nest Lane, , Warminster, BA12 8JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Mere Garage Limited
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
36,475
10,021
6,242
52,738
Additions
1,995
-
333
2,328
At 31 October 2024
38,470
10,021
6,575
55,066
At 1 November 2023
31,213
8,153
6,434
45,800
Charge for the year
1,085
467
-
1,552
At 31 October 2024
32,298
8,620
6,434
47,352
At 31 October 2024
6,172
1,401
141
7,714
At 31 October 2023
5,262
1,868
(192)
6,938
Amounts falling due within one year
Trade debtors
10,010
14,987
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
238
Trade creditors
14,521
13,618
Taxes and social security
16,592
9,305
Loans from directors
61,240
128,240
8
Average number of employees
During the year the average number of employees was 6 (2023: 4).