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Company Registration No. 8442443 (England and Wales)
Fawngrove Garage Ltd Unaudited accounts for the year ended 31 March 2025
Fawngrove Garage Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Fawngrove Garage Ltd Company Information for the year ended 31 March 2025
Directors
B Dyke G Dyke
Company Number
8442443 (England and Wales)
Registered Office
400 SUTTON COMMON ROAD SUTTON SURREY SM3 9PL
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Fawngrove Garage Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,178
23,351
Current assets
Debtors
5
15,487
18,394
Cash at bank and in hand
91,342
75,804
106,829
94,198
Creditors: amounts falling due within one year
6
(83,324)
(66,186)
Net current assets
23,505
28,012
Total assets less current liabilities
34,683
51,363
Creditors: amounts falling due after more than one year
7
(8,177)
(18,177)
Provisions for liabilities
Deferred tax
(2,793)
(5,837)
Net assets
23,713
27,349
Capital and reserves
Called up share capital
300
300
Profit and loss account
23,413
27,049
Shareholders' funds
23,713
27,349
For the year ending 31 March 2025 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 15 April 2025 and were signed on its behalf by
B Dyke Director Company Registration No. 8442443
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Fawngrove Garage Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Fawngrove Garage Ltd is a private company, limited by shares, registered in England and Wales, registration number 8442443. The registered office is 400 SUTTON COMMON ROAD, SUTTON, SURREY, SM3 9PL.
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.
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.
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 cost
Motor vehicles
25% on cost
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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.
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Fawngrove Garage Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
25,710
92,121
117,831
Disposals
(4,000)
(31,574)
(35,574)
At 31 March 2025
21,710
60,547
82,257
Depreciation
At 1 April 2024
33,882
60,598
94,480
Charge for the year
-
11,173
11,173
Surplus on revaluation
-
(31,574)
(31,574)
On disposals
(3,000)
-
(3,000)
At 31 March 2025
30,882
40,197
71,079
Net book value
At 31 March 2025
(9,172)
20,350
11,178
At 31 March 2024
(8,172)
31,523
23,351
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,551
4,109
Accrued income and prepayments
-
1,910
Other debtors
12,936
12,375
15,487
18,394
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,323
9,323
VAT
10,939
15,000
Trade creditors
29,788
20,284
Amounts owed to group undertakings and other participating interests
26,005
-
Taxes and social security
5,327
19,637
Other creditors
942
942
Accruals
1,000
1,000
83,324
66,186
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
8,177
18,177
8
Transactions with related parties
Mr. G Dyke and B Dyke are the directors of the company and together own 66.6% of the issued share capital. At the balance sheet date the directors owed the company £561 (2024-£nil)
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Fawngrove Garage Ltd Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 7 (2024: 9).
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