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Company Registration No. 11957682 (England and Wales)
Chipstead Garages Limited Unaudited accounts for the year ended 31 March 2025
Chipstead Garages Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Chipstead Garages Limited Company Information for the year ended 31 March 2025
Director
Omo Lafe Ayoade
Company Number
11957682 (England and Wales)
Registered Office
30 CHIPSTEAD AVENUE THORNTON HEATH SURREY CR7 7DG UNITED KINGDOM
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Chipstead Garages Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
193,000
193,000
Current assets
Cash at bank and in hand
11
20
Creditors: amounts falling due within one year
5
(122,701)
(96,798)
Net current liabilities
(122,690)
(96,778)
Total assets less current liabilities
70,310
96,222
Creditors: amounts falling due after more than one year
6
(175,651)
(189,134)
Net liabilities
(105,341)
(92,912)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(105,441)
(93,012)
Shareholders' funds
(105,341)
(92,912)
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 director acknowledges his 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 and authorised for issue on 19 September 2025 and were signed on its behalf by
Omo Lafe Ayoade Director Company Registration No. 11957682
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Chipstead Garages Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Chipstead Garages Limited is a private company, limited by shares, registered in England and Wales, registration number 11957682. The registered office is 30 CHIPSTEAD AVENUE, THORNTON HEATH, SURREY, CR7 7DG, UNITED KINGDOM.
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.
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:
Land & buildings
0
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 April 2024
193,000
At 31 March 2025
193,000
Depreciation
At 31 March 2025
-
Net book value
At 31 March 2025
193,000
At 31 March 2024
193,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
101,031
87,548
Loans from directors
20,409
8,170
Accruals
1,261
1,080
122,701
96,798
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Chipstead Garages Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
175,651
189,134
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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