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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
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Arley Garage (Zetland Rd) Ltd Company Information for the year ended 31 December 2024
Directors
M Harrison L Harrison
Secretary
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
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Arley Garage (Zetland Rd) Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,021 
2,695 
Current assets
Inventories
7,956 
9,299 
Debtors
42,222 
42,806 
Cash at bank and in hand
131,477 
104,628 
181,655 
156,733 
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
Deferred tax
(463)
(898)
Net assets
81,538 
81,667 
Capital and reserves
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
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Arley Garage (Zetland Rd) Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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
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.
Pension 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.
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Arley Garage (Zetland Rd) Ltd Notes to the Accounts for the year ended 31 December 2024
Financial instruments
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 
Depreciation
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 
Net book value
At 31 December 2024
1,526 
495 
2,021 
At 31 December 2023
2,035 
660 
2,695 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,030 
3,923 
Accrued income and prepayments
5,900 
5,594 
Other debtors
33,292 
33,289 
42,222 
42,806 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,289 
11,787 
Trade creditors
14,862 
18,390 
Taxes and social security
23,416 
17,460 
Other creditors
680 
61 
Loans from directors
45,721 
25,001 
Accruals
3,707 
4,164 
101,675 
76,863 
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).
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