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REGISTERED NUMBER: 04839266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SOUTH CHERITON GARAGE LIMITED

SOUTH CHERITON GARAGE LIMITED (REGISTERED NUMBER: 04839266)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SOUTH CHERITON GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: P C Franklin
Mrs V J Franklin
O C Franklin





SECRETARY: Mrs V J Franklin





REGISTERED OFFICE: South Cheriton Garage
South Cheriton
Templecombe
Somerset
BA8 OBG





REGISTERED NUMBER: 04839266 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

SOUTH CHERITON GARAGE LIMITED (REGISTERED NUMBER: 04839266)

ABRIDGED BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 26,074 14,604
26,074 14,604

CURRENT ASSETS
Stocks 13,000 13,000
Debtors 17,717 20,742
Cash at bank and in hand 163,272 145,867
193,989 179,609
CREDITORS
Amounts falling due within one year 79,800 59,686
NET CURRENT ASSETS 114,189 119,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,263

134,527

PROVISIONS FOR LIABILITIES 2,038 2,109
NET ASSETS 138,225 132,418

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 138,122 132,315
SHAREHOLDERS' FUNDS 138,225 132,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SOUTH CHERITON GARAGE LIMITED (REGISTERED NUMBER: 04839266)

ABRIDGED BALANCE SHEET - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 June 2025 and were signed on its behalf by:





P C Franklin - Director


SOUTH CHERITON GARAGE LIMITED (REGISTERED NUMBER: 04839266)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

South Cheriton 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2004, is being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Motor vehicles - 15% 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.

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.

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.

SOUTH CHERITON GARAGE LIMITED (REGISTERED NUMBER: 04839266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 66,258
Additions 13,659
At 30 September 2024 79,917
DEPRECIATION
At 1 October 2023 51,654
Charge for year 2,189
At 30 September 2024 53,843
NET BOOK VALUE
At 30 September 2024 26,074
At 30 September 2023 14,604

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The property that the company trades from is owned by the directors. No rent is paid by the company for their use (2023 Nil).