| Registered Number:09419595 |
For the year ended 28 February 2021
England and Wales
Unaudited Financial Statements
NEWLAND GARAGE LIMITED
Statement of Financial Position
2020
2021
| Property, plant and equipment |
4,134
4,506
2
4,134
4,506
2,500
2,500
3
| Trade and other receivables |
1,450
1,450
4
47,380
| Cash and cash equivalents |
53,644
57,594
51,330
| Trade and other payables: amounts falling due within one |
| year |
(43,080)
(47,740)
5
8,250
9,854
Net current assets
| Total assets less current liabilities |
13,988
12,756
13,988
Net assets
12,756
100
100
13,888
12,656
13,988
12,756
Shareholders' funds
| For the year ended 28 February 2021 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 2021 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his 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 25 October 2021 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 28 February 2021
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
Government grants
| Government grants received are credited to the statement of Profit & Loss. These are all in relation to the Coronavirus Pandemic and include the business rates grant and subsequent Coronavirus Job Retention Scheme amounts received. |
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 2021
NEWLAND GARAGE LIMITED
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
8,399
1,155
2,200
5,044
333
333
-
-
5,044
2,200
1,488
8,732
| Provision for depreciation and impairment |
3,893
576
611
2,706
Charge for year
705
116
238
351
4,598
692
849
3,057
1,987
1,351
796
4,134
2,338
1,589
579
4,506
2020
2021
2,500
2,500
| 4. Trade and other receivables |
2020
2021
1,450
1,450
| 5. Trade and other payables: amounts falling due within one year |
2020
2021
13,627
14,914
| Taxation and social security |
29,140
24,495
4,973
3,671
47,740
43,080
| 6. Average number of persons employed |
During the year the average number of employees was 2 (2020 : 2)
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