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REGISTERED NUMBER: 02799941 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

North Star Garage Limited

North Star Garage Limited (Registered number: 02799941)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Star Garage Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs M Tarrant
Mr B Hopkins





SECRETARY: Mrs M Tarrant





REGISTERED OFFICE: 69 Whitton Road
Hounslow
Middlesex
TW3 2DG





REGISTERED NUMBER: 02799941 (England and Wales)





ACCOUNTANTS: Soneji & Co Ltd
20 egerton Close,
Pinner
Middlesex
HA5 2LP

North Star Garage Limited (Registered number: 02799941)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,095 7,521

CURRENT ASSETS
Stocks 24,500 27,000
Debtors 5 152,850 136,919
Cash at bank and in hand 62,840 103,551
240,190 267,470
CREDITORS
Amounts falling due within one year 6 145,407 154,044
NET CURRENT ASSETS 94,783 113,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,878

120,947

CREDITORS
Amounts falling due after more than one
year

7

15,833

25,833
NET ASSETS 84,045 95,114

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9,000 9,000
Retained earnings 74,045 85,114
SHAREHOLDERS' FUNDS 84,045 95,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Star Garage Limited (Registered number: 02799941)

Balance Sheet - continued
31 October 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 20 June 2025 and were signed on its behalf by:




Mr B Hopkins - Director



Mrs M Tarrant - Director


North Star Garage Limited (Registered number: 02799941)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

North Star 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over 5 years
Plant and machinery - 20% 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.

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 11 (2023 - 11 ) .

North Star Garage Limited (Registered number: 02799941)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 November 2023 17,267 171,044 5,728 194,039
Additions - 991 492 1,483
At 31 October 2024 17,267 172,035 6,220 195,522
DEPRECIATION
At 1 November 2023 17,267 165,228 4,023 186,518
Charge for year - 3,318 591 3,909
At 31 October 2024 17,267 168,546 4,614 190,427
NET BOOK VALUE
At 31 October 2024 - 3,489 1,606 5,095
At 31 October 2023 - 5,816 1,705 7,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 146,395 131,178
Other debtors 6,455 5,741
152,850 136,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 77,034 96,424
Taxation and social security 25,209 31,027
Other creditors 43,164 26,593
145,407 154,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 15,833 25,833

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr Hopkins and Mrs Tarrant throughout the current year and previous year. Mr Hopkins and Mrs Tarrant are the majority shareholders of the company.

During the year, the company paid salary of £48,660 (2023: £44,100) to Mr Hopkins and £8,088 (2023: £9,905) to Mrs. Tarrant.

No transactions with related parties were undertaken such as required to be disclosed under the Financial Reporting Standard 8.