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REGISTERED NUMBER: 01274338 (England and Wales)















GARAGE DOORS (LONDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARAGE DOORS (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G P Thompson
K M Thompson
George Thompson





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: Unit 2
Batford Mill Industrial Estate
Harpenden
Hertfordshire
AL5 5BZ





REGISTERED NUMBER: 01274338 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 915,749 977,309
Investment property 6 227,362 227,362
1,143,111 1,204,671

CURRENT ASSETS
Stocks 41,925 66,045
Debtors 7 39,170 49,974
Prepayments and accrued income 33,504 25,778
Cash at bank and in hand 104,889 41,721
219,488 183,518
CREDITORS
Amounts falling due within one year 8 200,158 259,362
NET CURRENT ASSETS/(LIABILITIES) 19,330 (75,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,441

1,128,827

CREDITORS
Amounts falling due after more than one
year

9

(557,293

)

(457,819

)

PROVISIONS FOR LIABILITIES 10 (38,968 ) (43,883 )
NET ASSETS 566,180 627,125

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

BALANCE SHEET - continued
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 105 105
Fair value reserve 12 57,930 60,565
Retained earnings 508,145 566,455
SHAREHOLDERS' FUNDS 566,180 627,125

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





K M Thompson - Director


GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Garage Doors (London) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

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


2. ACCOUNTING POLICIES - continued
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.

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 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 6,110
AMORTISATION
At 1 January 2024
and 31 December 2024 6,110
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,008,811 27,997 217,530 1,254,338
Additions - 3,381 - 3,381
Disposals - - (35,375 ) (35,375 )
At 31 December 2024 1,008,811 31,378 182,155 1,222,344
DEPRECIATION
At 1 January 2024 149,750 12,877 114,402 277,029
Charge for year 20,176 4,626 20,996 45,798
Eliminated on disposal - - (16,232 ) (16,232 )
At 31 December 2024 169,926 17,503 119,166 306,595
NET BOOK VALUE
At 31 December 2024 838,885 13,875 62,989 915,749
At 31 December 2023 859,061 15,120 103,128 977,309

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 227,362
NET BOOK VALUE
At 31 December 2024 227,362
At 31 December 2023 227,362

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 25,796 49,974
Directors' current accounts 12,508 -
VAT 866 -
39,170 49,974

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 23,084 19,500
Trade creditors 88,876 78,050
Corporation tax 56,609 46,473
Social security and other taxes 16,395 16,894
VAT - 7,113
Directors' current accounts - 77,950
Accrued expenses 15,194 13,382
200,158 259,362

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 23,247 19,500
Bank loans - 2-5 years 71,030 58,500
Bank loans more 5 yr by instal 463,016 379,819
557,293 457,819

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 463,016 379,819

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 19,216 23,472
Fair value reserve 19,752 20,411
38,968 43,883

Deferred
tax
£   
Balance at 1 January 2024 43,883
Credit to Income Statement during year (4,915 )
Balance at 31 December 2024 38,968

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100
4 Ordinary A £1 4 4
1 Ordinary B £1 1 1
105 105

12. RESERVES
Fair
value
reserve
£   
At 1 January 2024 60,565
Movement in the year (2,635 )

At 31 December 2024 57,930

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K M Thompson
Balance outstanding at start of year 38,965 46
Amounts advanced - 38,919
Amounts repaid (43,134 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,169 ) 38,965

G P Thompson
Balance outstanding at start of year 38,965 46
Amounts advanced - 38,919
Amounts repaid (43,134 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,169 ) 38,965

GARAGE DOORS (LONDON) LIMITED (REGISTERED NUMBER: 01274338)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

George Thompson
Balance outstanding at start of year 20 33
Amounts repaid (4,190 ) (13 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,170 ) 20