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REGISTERED NUMBER: 12321985 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Best Garage Ltd

Best Garage Ltd (Registered number: 12321985)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Best Garage Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J M Gelder





REGISTERED OFFICE: Unit 3 Carvers Trading Estate
Southampton Road
Ringwood
Hampshire
BH24 1JR





REGISTERED NUMBER: 12321985 (England and Wales)





ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP

Best Garage Ltd (Registered number: 12321985)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,452 47,962

CURRENT ASSETS
Stocks - 40,000
Debtors 5 29,509 35,493
Cash at bank 8,579 19,875
38,088 95,368
CREDITORS
Amounts falling due within one year 6 217,844 198,612
NET CURRENT LIABILITIES (179,756 ) (103,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,304

)

(55,282

)

CREDITORS
Amounts falling due after more than one
year

7

87,074

99,629
NET LIABILITIES (209,378 ) (154,911 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (209,379 ) (154,912 )
(209,378 ) (154,911 )

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

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

Best Garage Ltd (Registered number: 12321985)

Balance Sheet - continued
30 November 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 25 July 2025 and were signed by:





J M Gelder - Director


Best Garage Ltd (Registered number: 12321985)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Best Garage Ltd 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 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2023 - 10 ) .

Best Garage Ltd (Registered number: 12321985)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 14,287 61,345 75,632
Additions - 20,222 20,222
At 30 November 2024 14,287 81,567 95,854
DEPRECIATION
At 1 December 2023 3,854 23,816 27,670
Charge for year 1,428 9,304 10,732
At 30 November 2024 5,282 33,120 38,402
NET BOOK VALUE
At 30 November 2024 9,005 48,447 57,452
At 30 November 2023 10,433 37,529 47,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 5,321 5,706
Other debtors 24,188 29,787
29,509 35,493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 25,332 5,383
Taxation and social security 153,019 158,328
Other creditors 39,493 34,901
217,844 198,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 87,074 99,629

Best Garage Ltd (Registered number: 12321985)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
J M Gelder
Balance outstanding at start of year (29,300 ) (14,831 )
Amounts advanced 41,784 22,006
Amounts repaid (32,850 ) (36,475 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,366 ) (29,300 )