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REGISTERED NUMBER: 09175013 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HARBOUR GARAGE (PORTISHEAD) LIMITED

HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARBOUR GARAGE (PORTISHEAD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: T W Vale





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 09175013 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,152 11,379
12,152 11,379

CURRENT ASSETS
Stocks 11,000 9,200
Debtors 6 33,099 30,672
Cash at bank and in hand 343,248 200,695
387,347 240,567
CREDITORS
Amounts falling due within one year 7 140,861 128,192
NET CURRENT ASSETS 246,486 112,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,638

123,754

CAPITAL AND RESERVES
Called up share capital 9 53 53
Retained earnings 258,585 123,701
SHAREHOLDERS' FUNDS 258,638 123,754

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 director acknowledges his 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.

HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

BALANCE SHEET - 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 director and authorised for issue on 10 June 2025 and were signed by:





T W Vale - Director


HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

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

1. STATUTORY INFORMATION

Harbour Garage (Portishead) 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 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 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% 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.

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 balance sheet date.


HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 339,500
AMORTISATION
At 1 January 2024
and 31 December 2024 339,500
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 9,710 165 15,516 25,391
Additions 3,421 - - 3,421
At 31 December 2024 13,131 165 15,516 28,812
DEPRECIATION
At 1 January 2024 8,972 153 4,887 14,012
Charge for year 519 3 2,126 2,648
At 31 December 2024 9,491 156 7,013 16,660
NET BOOK VALUE
At 31 December 2024 3,640 9 8,503 12,152
At 31 December 2023 738 12 10,629 11,379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 13,930 18,072
Other debtors 19,169 12,600
33,099 30,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 30,803 36,897
Taxation and social security 105,558 85,295
Other creditors 4,500 6,000
140,861 128,192

8. DEFERRED TAX
£   
Balance at 1 January 2024 (661 )
Accelerated capital allowances 427
Balance at 31 December 2024 (234 )

HARBOUR GARAGE (PORTISHEAD) LIMITED (REGISTERED NUMBER: 09175013)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
8 'A' Ordinary £1 8 8
45 'B' Ordinary £1 45 45
53 53

10. ULTIMATE CONTROLLING PARTY

During the year the ultimate controlling party was T W Vale.