IRIS Accounts Production v25.1.3.33 07859629 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078596292023-11-30078596292024-11-30078596292023-12-012024-11-30078596292022-11-30078596292022-12-012023-11-30078596292023-11-3007859629ns15:EnglandWales2023-12-012024-11-3007859629ns14:PoundSterling2023-12-012024-11-3007859629ns10:Director12023-12-012024-11-3007859629ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007859629ns10:SmallEntities2023-12-012024-11-3007859629ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3007859629ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007859629ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007859629ns10:FullAccounts2023-12-012024-11-3007859629ns10:Director22023-12-012024-11-3007859629ns10:Director32023-12-012024-11-3007859629ns10:CompanySecretary12023-12-012024-11-3007859629ns10:RegisteredOffice2023-12-012024-11-3007859629ns5:CurrentFinancialInstruments2024-11-3007859629ns5:CurrentFinancialInstruments2023-11-3007859629ns5:Non-currentFinancialInstruments2024-11-3007859629ns5:Non-currentFinancialInstruments2023-11-3007859629ns5:ShareCapital2024-11-3007859629ns5:ShareCapital2023-11-3007859629ns5:RetainedEarningsAccumulatedLosses2024-11-3007859629ns5:RetainedEarningsAccumulatedLosses2023-11-3007859629ns5:LandBuildings2023-12-012024-11-3007859629ns5:PlantMachinery2023-12-012024-11-3007859629ns5:LandBuildings2023-11-3007859629ns5:PlantMachinery2023-11-3007859629ns5:MotorVehicles2023-11-3007859629ns5:MotorVehicles2023-12-012024-11-3007859629ns5:LandBuildings2024-11-3007859629ns5:PlantMachinery2024-11-3007859629ns5:MotorVehicles2024-11-3007859629ns5:LandBuildings2023-11-3007859629ns5:PlantMachinery2023-11-3007859629ns5:MotorVehicles2023-11-3007859629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-11-3007859629ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30
REGISTERED NUMBER: 07859629 (England and Wales)















A40 GARAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

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


A40 GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2024







DIRECTORS: Mr R W P Morgan
Mr R P Morgan





SECRETARY:





REGISTERED OFFICE: Slebech
HAVERFORDWEST
Pembrokeshire
SA62 4PD





REGISTERED NUMBER: 07859629 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 232,823 266,702

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 134,965 145,590
Prepayments and accrued income 4,346 -
Cash at bank and in hand 14,544 60,757
155,855 208,347
CREDITORS
Amounts falling due within one year 6 130,810 159,929
NET CURRENT ASSETS 25,045 48,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,868

315,120

CREDITORS
Amounts falling due after more than one
year

7

(17,568

)

(44,298

)

PROVISIONS FOR LIABILITIES (14,568 ) (20,374 )
NET ASSETS 225,732 250,448

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 225,730 250,446
225,732 250,448

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 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.

A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

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 Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





Mr A G Hole - Director


A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2024


1. STATUTORY INFORMATION

A40 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% 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.

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.

A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2023 166,118 82,192 168,978 417,288
Additions - 17,000 58,849 75,849
Disposals - (23,990 ) (128,132 ) (152,122 )
At 30 November 2024 166,118 75,202 99,695 341,015
DEPRECIATION
At 1 December 2023 6,645 49,226 94,715 150,586
Charge for year 3,322 10,171 16,267 29,760
Eliminated on disposal - (15,292 ) (56,862 ) (72,154 )
At 30 November 2024 9,967 44,105 54,120 108,192
NET BOOK VALUE
At 30 November 2024 156,151 31,097 45,575 232,823
At 30 November 2023 159,473 32,966 74,263 266,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,356 145,590
Other debtors 5,609 -
134,965 145,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,325 42,957
Hire purchase contracts 7,376 12,650
Trade creditors 55,285 83,341
Taxation and social security 32,624 19,074
Other creditors 1,200 1,907
130,810 159,929

A40 GARAGE LIMITED (REGISTERED NUMBER: 07859629)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,300 15,616
Hire purchase contracts 12,268 28,682
17,568 44,298