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REGISTERED NUMBER: 10516495 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AINSWORTHS GARAGE LIMITED

AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AINSWORTHS GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs K L Potts
Mr R D Ainsworth
Mr R D Ainsworth (Junior)



REGISTERED OFFICE: Canal Side
North Lonsdale Road
Ulverston
Cumbria
LA12 9ER



REGISTERED NUMBER: 10516495 (England and Wales)



ACCOUNTANTS: J F Hornby & Co
Chartered Accountants
The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,168 127,940

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 91,426 99,350
Cash at bank and in hand 137,835 176,629
232,261 278,979
CREDITORS
Amounts falling due within one year 117,050 126,921
NET CURRENT ASSETS 115,211 152,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,379

279,998

CREDITORS
Amounts falling due after more than one
year

119,886

145,496
NET ASSETS 94,493 134,502

CAPITAL AND RESERVES
Called up share capital 6 12 12
Retained earnings 94,481 134,490
SHAREHOLDERS' FUNDS 94,493 134,502

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 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.

AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:




Mr R D Ainsworth - Director Mrs K L Potts - Director




Mr R D Ainsworth (Junior) - Director


AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)

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

1. STATUTORY INFORMATION

Ainsworths 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 VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost and 20% on reducing balance
Computer equipment - 33% on cost and 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.

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.

Rent received
Rent received is shown in other income and calculated on the accruals basis.

3. EMPLOYEES AND DIRECTORS

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

AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 292,166
Additions 937
At 31 December 2024 293,103
DEPRECIATION
At 1 January 2024 164,226
Charge for year 29,709
At 31 December 2024 193,935
NET BOOK VALUE
At 31 December 2024 99,168
At 31 December 2023 127,940

The net book value of tangible fixed assets includes £41,640 (2023: £64,253) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £15,639,(2023: £17,368) for the financial year.

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 40,388 53,989

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10 Ordinary £1 10 10
1 A Dividend £1 1 1
1 B Dividend £1 1 1
12 12

AINSWORTHS GARAGE LIMITED (REGISTERED NUMBER: 10516495)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs K L Potts
Balance outstanding at start of year 377 -
Amounts advanced - 377
Amounts repaid (481 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (104 ) 377

8. RELATED PARTY DISCLOSURES

At 31st December 2024, Mr R D Ainsworth Senior, a director of the company, had on an unsecured interest free basis advanced £120,495 (2023 :£119,898) to the company, including £100,000 on a long term basis.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R D Ainsworth.