Company Registration No. 05223702 (England and Wales)
Arley Garage (Zetland Rd) Ltd
Unaudited accounts
for the year ended 31 December 2024
Arley Garage (Zetland Rd) Ltd
Unaudited accounts
Contents
Arley Garage (Zetland Rd) Ltd
Company Information
for the year ended 31 December 2024
Directors
M Harrison
L Harrison
Company Number
05223702 (England and Wales)
Registered Office
18 WELLINGTON PARK
CLIFTON
BRISTOL
AVON
BS8 2UT
United Kingdom
Accountants
Vertical Consulting Ltd
18 Wellington Park
Clifton
Bristol
Bristol
BS8 2UT
Arley Garage (Zetland Rd) Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
2,021
2,695
Cash at bank and in hand
131,477
104,628
Creditors: amounts falling due within one year
(101,675)
(76,863)
Net current assets
79,980
79,870
Total assets less current liabilities
82,001
82,565
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
81,536
81,665
Shareholders' funds
81,538
81,667
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2024 and were signed on its behalf by
L Harrison
Director
Company Registration No. 05223702
Arley Garage (Zetland Rd) Ltd
Notes to the Accounts
for the year ended 31 December 2024
Arley Garage (Zetland Rd) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05223702. The registered office is 18 WELLINGTON PARK, CLIFTON, BRISTOL, AVON, BS8 2UT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on the reducing balance basis
Motor vehicles
25% on the reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arley Garage (Zetland Rd) Ltd
Notes to the Accounts
for the year ended 31 December 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
41,698
6,200
47,898
At 31 December 2024
41,698
6,200
47,898
At 1 January 2024
39,663
5,540
45,203
Charge for the year
509
165
674
At 31 December 2024
40,172
5,705
45,877
At 31 December 2024
1,526
495
2,021
At 31 December 2023
2,035
660
2,695
Amounts falling due within one year
Accrued income and prepayments
5,900
5,594
Other debtors
33,292
33,289
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,862
18,390
Taxes and social security
23,416
17,460
Loans from directors
45,721
25,001
7
Transactions with related parties
At the year end £32,789 ( 2023 - £32,789 ) was owed to the company by Zetland Properties Ltd, a company under the control of the directors of Arley Garage (Zetland Road) Ltd. The amount is disclosed within Debtors due within one year :- Other debtors.
During the year the company paid rent of £10,200 ( 2023 - £10,200 ) to Zetland Properties Ltd.
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).