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REGISTERED NUMBER: 01592705 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

LODGE GARAGE (EDGWARE) LIMITED

LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LODGE GARAGE (EDGWARE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: A Bannon





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 01592705 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 110,007 114,422

CURRENT ASSETS
Stocks 14,550 16,860
Debtors 5 88,055 71,962
Cash at bank and in hand 59,637 52,601
162,242 141,423
CREDITORS
Amounts falling due within one year 6 208,432 213,624
NET CURRENT LIABILITIES (46,190 ) (72,201 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,817 42,221

CREDITORS
Amounts falling due after more than one
year

7

(6,465

)

(16,465

)

PROVISIONS FOR LIABILITIES 9 (23,642 ) (16,652 )
NET ASSETS 33,710 9,104

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 33,610 9,004
SHAREHOLDERS' FUNDS 33,710 9,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 1st July 2025 and were signed by:





A Bannon - Director


LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Lodge Garage (Edgware) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 25% 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.

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.

LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)

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

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 3,407 357,288 360,695
Additions - 30,298 30,298
At 31st October 2024 3,407 387,586 390,993
DEPRECIATION
At 1st November 2023 397 245,876 246,273
Charge for year 681 34,032 34,713
At 31st October 2024 1,078 279,908 280,986
NET BOOK VALUE
At 31st October 2024 2,329 107,678 110,007
At 31st October 2023 3,010 111,412 114,422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,489 42,593
Other debtors 33,566 29,369
88,055 71,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 66,297 55,304
Taxation and social security 35,563 18,693
Other creditors 96,572 129,627
208,432 213,624

LODGE GARAGE (EDGWARE) LIMITED (REGISTERED NUMBER: 01592705)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,465 16,465

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 66,532 60,992
Between one and five years 177,629 225,083
244,161 286,075

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,642 16,652

Deferred
tax
£   
Balance at 1st November 2023 16,652
Charge to Income Statement during year 6,990
Balance at 31st October 2024 23,642

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Bannon.