REGISTERED NUMBER: 00945329 (England and Wales)

Claybourns Garages Limited

Unaudited Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Claybourn

J M Claybourn

SECRETARY:

J M Claybourn

REGISTERED OFFICE:

6 The Oval

Bessacarr

Doncaster

South Yorkshire

DN4 5LJ

REGISTERED NUMBER:

00945329 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

375,000

375,000

CURRENT ASSETS

Stocks

-

44,990

Debtors

5

2,019

38,288

Cash at bank

197,812

43,915

199,831

127,193

CREDITORS

Amounts falling due within one year

6

81,935

37,853

NET CURRENT ASSETS

117,896

89,340

TOTAL ASSETS LESS CURRENT LIABILITIES

492,896

464,340

CAPITAL AND RESERVES

Called up share capital

7

5,000

5,000

Investment Revaluation Reserve

260,408

260,408

Retained earnings

227,488

198,932

SHAREHOLDERS' FUNDS

492,896

464,340

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

G S Claybourn - Director

1.	STATUTORY INFORMATION

Claybourns Garages 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable and sales of motor vehicles.

Tangible fixed assets

The company's investment property is shown at fair value. Any movement in the fair value of investment property is shown in the profit and loss account with a transfer to or from the Investment Revaluation Reserve.

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 ended 31 December 2024 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 that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Investment

Property

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

375,000

NET BOOK VALUE

At 31 December 2024

375,000

At 31 December 2023

375,000

Cost or valuation at 31 December 2024 is represented by:

Freehold

Investment

Property

£

Cost

375,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

115,819

115,819

Aggregate depreciation

1,227

1,227

The investment property was valued on a multiple of rents basis on 31 December 2016 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

4,774

Other debtors

2,019

33,514

2,019

38,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

6,956

6,779

Other creditors

74,979

31,074

81,935

37,853

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

Ordinary

£1

5,000

5,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

G S Claybourn and J M Claybourn

Balance outstanding at start of year

30,466

(1,107

)

Amounts advanced

391

57,218

Amounts repaid

(75,012

)

(25,645

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(44,155

)

30,466