Registered Number:09419595 |
For the year ended 28 February 2020
England and Wales
Unaudited Financial Statements
NEWLAND GARAGE LIMITED
Statement of Financial Position
2019
2020
Property, plant and equipment |
4,506
5,303
2
4,506
5,303
2,500
2,500
3
Trade and other receivables |
20,368
1,450
4
30,531
Cash and cash equivalents |
47,380
51,330
53,399
Trade and other payables: amounts falling due within one |
year |
(55,474)
(43,080)
5
(2,075)
8,250
Net current assets
Total assets less current liabilities |
12,756
3,228
12,756
Net assets
3,228
100
-
12,656
3,228
12,756
3,228
Shareholders' funds
For the year ended 28 February 2020 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 of its financial statements for the year ended 28 February 2020 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 26 August 2020 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2020
NEWLAND GARAGE LIMITED
Notes to the Financial Statements
Statutory Information
NEWLAND GARAGE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09419595. |
UNIT F7, THE BLOC
38 SPRINGFIELD WAY
ANLABY
HULL
HU10 6RJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 28 February 2020
NEWLAND GARAGE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
8,399
1,155
2,200
5,044
5,044
2,200
1,155
8,399
Provision for depreciation and impairment |
3,096
473
330
2,293
Charge for year
797
103
281
413
3,893
576
611
2,706
2,338
1,589
579
4,506
2,751
1,870
682
5,303
2019
2020
2,500
2,500
4. Trade and other receivables |
2019
2020
1,450
20,368
5. Trade and other payables: amounts falling due within one year |
2019
2020
-
3,070
14,914
25,750
Taxation and social security |
24,495
18,289
3,671
8,365
43,080
55,474
6. Average number of persons employed |
During the year the average number of employees was 2 (2019 : 1)
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