SLR GARAGES LIMITED

SLR GARAGES LIMITED

SLR GARAGES LIMITED - Company Information

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SLR GARAGES LIMITED

Company Registration Number:
10690012 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

SLR GARAGES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

SLR GARAGES LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 106,246 106,246
Tangible assets: 4 823,221 843,754
Total fixed assets: 929,467 950,000
Current assets
Stocks: 191,256 180,630
Debtors: 5 40,804 15,164
Cash at bank and in hand: 17,563 6,596
Total current assets: 249,623 202,390
Creditors: amounts falling due within one year: 6 (48,564) (31,261)
Net current assets (liabilities): 201,059 171,129
Total assets less current liabilities: 1,130,526 1,121,129
Creditors: amounts falling due after more than one year: 7 (970,598) (1,043,237)
Provision for liabilities: (14,562) (14,780)
Total net assets (liabilities): 145,366 63,112
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 145,266 63,012
Shareholders funds: 145,366 63,112

The notes form part of these financial statements

SLR GARAGES LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2021
and signed on behalf of the board by:

Name: Misha Kathirgamanathan
Status: Director

The notes form part of these financial statements

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Intangible Assets

Total
Cost £
At 01 April 2019 106,246
At 31 March 2020 106,246
Net book value
At 31 March 2020 106,246
At 31 March 2019 106,246

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible Assets

Total
Cost £
At 01 April 2019 843,754
At 31 March 2020 843,754
Depreciation
At 01 April 2019 0
Charge for year 20,533
At 31 March 2020 20,533
Net book value
At 31 March 2020 823,221
At 31 March 2019 843,754

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Creditors: amounts falling due within one year note

Loan Creditor - 48,563.00

SLR GARAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

7. Creditors: amounts falling due after more than one year note

Bank Loan Balance at 01/04/2019 £676,237Repayments during the year £59,395Bank Loan Balance at 31/03/2020 £616,842Directors Loan (Capital) £353,756Creditors- amounts falling due after more than one year £970,598