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REGISTERED NUMBER: 04853112 (England and Wales)












NORTH STREET GARAGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

NORTH STREET GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: D J Ryan
P J Hayward





SECRETARY: P J Hayward





REGISTERED OFFICE: 17 North Street
Lewes
East Sussex
BN7 2PE





REGISTERED NUMBER: 04853112 (England and Wales)





ACCOUNTANTS: Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,897 34,141

CURRENT ASSETS
Stocks 8,000 7,000
Debtors 5 25,350 27,864
Cash at bank 43,698 52,559
77,048 87,423
CREDITORS
Amounts falling due within one year 6 99,958 96,003
NET CURRENT LIABILITIES (22,910 ) (8,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,987

25,561

CREDITORS
Amounts falling due after more than one
year

7

7,500

17,444
NET ASSETS 20,487 8,117

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 20,483 8,113
SHAREHOLDERS' FUNDS 20,487 8,117

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

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

NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

BALANCE SHEET - continued
31ST AUGUST 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 11th April 2025 and were signed on its behalf by:




D J Ryan - Director



P J Hayward - Director


NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

North Street Garage Limited 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 represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors have considered the company's financial position for the twelve months from the date of signing the financial statements and conclude that there are no material uncertainties in relation to going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 93,831
Additions 43,999
Disposals (13,695 )
At 31st August 2024 124,135
DEPRECIATION
At 1st September 2023 59,690
Charge for year 16,972
Eliminated on disposal (3,424 )
At 31st August 2024 73,238
NET BOOK VALUE
At 31st August 2024 50,897
At 31st August 2023 34,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,088 22,653
Other debtors - 1,130
Prepayments 4,262 4,081
25,350 27,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 48,512 36,954
Taxation and social security 36,124 43,707
Other creditors 15,322 15,342
99,958 96,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 7,500 17,444

NORTH STREET GARAGE LIMITED (REGISTERED NUMBER: 04853112)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 'A' Ordinary £1 1 1
1 'B' Ordinary £1 1 1
1 'C' Ordinary £1 1 1
1 'D' Ordinary £1 1 1
4 4

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NORTH STREET GARAGE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Street Garage Limited for the year ended 31st August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of North Street Garage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Street Garage Limited and state those matters that we have agreed to state to the Board of Directors of North Street Garage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Street Garage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North Street Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Street Garage Limited. You consider that North Street Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North Street Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


14th April 2025