Pfeiffers Garage Limited Filleted accounts for Companies House (small and micro)
Pfeiffers Garage Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09138149
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
4 September 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
09138149
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2020
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is 1-3 Westbourne Place, Hove, East Sussex, BN3 4GN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. No material uncertainties related to conditions that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
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:
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Stocks
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2019:
5
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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Amortisation |
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At 1 April 2019 |
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Charge for the year |
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---------- |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2019 |
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– |
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Additions |
– |
– |
– |
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------- |
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At 31 March 2020 |
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------- |
---- |
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Depreciation |
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At 1 April 2019 |
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– |
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Charge for the year |
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------- |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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– |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------- |
------- |
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------- |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
At the year end the company owed the directors £313,273 (2019 - £341,305).