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REGISTERED NUMBER: 07021124 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

CARS GARAGE LIMITED

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARS GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: A D Burrill
Mrs S E Burrill





REGISTERED OFFICE: 177a Whitehall Road
Drighlington
West Yorkshire
BD11 1AT





REGISTERED NUMBER: 07021124 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Sreet
Hebden Bridge
HX7 6AD

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 35,453 46,671
45,453 58,671

CURRENT ASSETS
Stocks 7,200 7,750
Debtors 6 2,762 2,215
Cash at bank and in hand 33,868 32,197
43,830 42,162
CREDITORS
Amounts falling due within one year 7 54,583 47,858
NET CURRENT LIABILITIES (10,753 ) (5,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,700

52,975

CREDITORS
Amounts falling due after more than
one year

8

(25,953

)

(41,476

)

PROVISIONS FOR LIABILITIES 9 (7,476 ) (8,609 )
NET ASSETS 1,271 2,890

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,269 2,888
SHAREHOLDERS' FUNDS 1,271 2,890

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

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

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

BALANCE SHEET - continued
30TH SEPTEMBER 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 19th June 2025 and were signed on its behalf by:




A D Burrill - Director



Mrs S E Burrill - Director


CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Cars 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 10% on cost
Improvements to property - over the term of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 40,000
AMORTISATION
At 1st October 2023 28,000
Amortisation for year 2,000
At 30th September 2024 30,000
NET BOOK VALUE
At 30th September 2024 10,000
At 30th September 2023 12,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st October 2023 18,855 5,683 24,667
Additions - - -
At 30th September 2024 18,855 5,683 24,667
DEPRECIATION
At 1st October 2023 10,216 5,682 18,510
Charge for year 1,886 - 586
At 30th September 2024 12,102 5,682 19,096
NET BOOK VALUE
At 30th September 2024 6,753 1 5,571
At 30th September 2023 8,639 1 6,157

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 5,433 38,790 4,610 98,038
Additions 124 - - 124
At 30th September 2024 5,557 38,790 4,610 98,162
DEPRECIATION
At 1st October 2023 5,336 7,020 4,603 51,367
Charge for year 4 8,866 - 11,342
At 30th September 2024 5,340 15,886 4,603 62,709
NET BOOK VALUE
At 30th September 2024 217 22,904 7 35,453
At 30th September 2023 97 31,770 7 46,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,876 1,448
Prepayments and accrued income 886 767
2,762 2,215

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,098 5,098
Trade creditors 13,088 12,764
Tax 11,997 3,207
Social security and other taxes 648 719
VAT 5,599 6,259
Other creditors 2,132 2,192
Directors' current accounts 1,726 4,549
Accruals and deferred income 4,295 3,070
54,583 47,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,500 17,500
Hire purchase contracts 18,453 23,976
25,953 41,476

CARS GARAGE LIMITED (REGISTERED NUMBER: 07021124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 7,476 8,609

Deferred
tax
£   
Balance at 1st October 2023 8,609
Credit to Income Statement during year (1,133 )
Balance at 30th September 2024 7,476

10. RELATED PARTY DISCLOSURES

The company trades from a property that is owned by the directors. The rent paid during the year was £4,992 (2023 £4,992)