M.J. TELFORD GARAGE (CARLISLE) LIMITED

Company Registration Number:
01183241 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 1,606,732 1,628,602
Total fixed assets: 1,606,732 1,628,602
Current assets
Stocks: 2,133,127 2,258,015
Debtors:   868,275 577,844
Cash at bank and in hand: 180,467 258,967
Total current assets: 3,181,869 3,094,826
Creditors: amounts falling due within one year:   (1,899,839) (1,865,639)
Net current assets (liabilities): 1,282,030 1,229,187
Total assets less current liabilities: 2,888,762 2,857,789
Creditors: amounts falling due after more than one year:   (678,865) (725,917)
Provision for liabilities: (20,401) (20,091)
Total net assets (liabilities): 2,189,496 2,111,781
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4505,015505,015
Profit and loss account: 1,684,381 1,606,666
Shareholders funds: 2,189,496 2,111,781

The notes form part of these financial statements

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 September 2025
and signed on behalf of the board by:

Name: Mr Gregor Telford
Status: Director

The notes form part of these financial statements

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - 50 years straight line with residual value of 85% Plant & machinery - 20% straight line Fixtures, fittings & equipment - 20% straight line

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 43 33

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 2,377,104
Additions 11,588
At 31 December 2024 2,388,692
Depreciation
At 01 January 2024 748,502
Charge for year 33,458
At 31 December 2024 781,960
Net book value
At 31 December 2024 1,606,732
At 31 December 2023 1,628,602

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Revaluation reserve

2024
£
Balance at 01 January 2024 505,015
Surplus or deficit after revaluation 0
Balance at 31 December 2024 505,015

M.J. TELFORD GARAGE (CARLISLE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

Name of the related party: Mrs S Telford
Relationship:
Director
Description of the Transaction: Funds loaned to company
£
Balance at 01 January 2024 54,500
Balance at 31 December 2024 54,500
Name of the related party: Mr G Telford
Relationship:
Director
Description of the Transaction: Funds loaned to company
£
Balance at 01 January 2024 142,500
Balance at 31 December 2024 142,500