Nottingham Garage Doors Ltd,Ltd - AccountsLtd - Accounts

Nottingham Garage Doors Ltd,Ltd - AccountsLtd - Accounts

NOTTINGHAM GARAGE DOORS LTD - Company Information

Print Friendly Version

2020-10-01 05249544 2021-09-30 05249544 2020-10-01 2021-09-30 05249544 2020-09-30 05249544 2019-10-01 2020-09-30 05249544 uk-core:WithinOneYear 2020-09-30 05249544 uk-core:WithinOneYear 2021-09-30 05249544 uk-core:AfterOneYear 2020-09-30 05249544 uk-core:AfterOneYear 2021-09-30 05249544 uk-core:ShareCapital 2021-09-30 05249544 uk-core:ShareCapital 2020-09-30 05249544 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 05249544 uk-core:RetainedEarningsAccumulatedLosses 2020-09-30 05249544 uk-bus:Director1 2020-10-01 2021-09-30 05249544 uk-core:PlantMachinery 2020-10-01 2021-09-30 05249544 uk-core:ToolsEquipment 2020-10-01 2021-09-30 05249544 uk-core:MotorVehicles 2020-10-01 2021-09-30 05249544 uk-core:ToolsEquipment 2020-09-30 05249544 uk-core:MotorVehicles 2020-09-30 05249544 uk-core:PlantMachinery 2020-09-30 05249544 uk-core:PlantMachinery 2021-09-30 05249544 uk-core:MotorVehicles 2021-09-30 05249544 uk-core:ToolsEquipment 2021-09-30 05249544 uk-core:WithinOneYear uk-core:Secured 2021-09-30 05249544 uk-core:WithinOneYear uk-core:Secured 2020-09-30 05249544 uk-core:WithinOneYear 2021-09-30 05249544 uk-core:WithinOneYear 2020-09-30 iso4217:GBP xbrli:pure 05249544 uk-bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 05249544 uk-bus:FRS102 2020-10-01 2021-09-30 05249544 uk-bus:FullAccounts 2020-10-01 2021-09-30 05249544 uk-bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30
Nottingham Garage Doors Ltd
Registered Number:05249544
For the year ended 30 September 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2021
Nottingham Garage Doors Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05249544
As at 30 September 2021
Nottingham Garage Doors Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
4,251
5,552
2
4,251
5,552
Current assets
Inventories
42,960
7,510
3
Trade and other receivables
33,048
35,692
4
82,283
Cash and cash equivalents
72,131
115,333
158,291
Trade and other payables: amounts falling due within one
year
(160,836)
(101,792)
5
(2,545)
13,541
Net current assets
Total assets less current liabilities
17,792
3,007
Trade and other payables: amounts falling due after more
than one year
(2,919)
(2,916)
6
14,876
Net assets
88
Capital and reserves
Called up share capital
1
1
Retained earnings
14,875
87
14,876
88
Shareholders' funds
For the year ended 30 September 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 30 September 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.
J R Godber Director
These financial statements were approved and authorised for issue by the Board on 21 December 2021 and were signed by:
1 of 5
4
Registered Number :
05249544
For the year ended 30 September 2021
Nottingham Garage Doors Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 September 2021
Nottingham Garage Doors Ltd
Notes to the Financial Statements
Statutory Information
Nottingham Garage Doors Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05249544.
Registered address:
Unit 9 Huss's Lane
Long Eaton
Derbyshire
NG10 1GS
The presentation currency is £ sterling.
1. Accounting policies
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
15% Reducing balance
25% Reducing balance
Office equipment
25% Reducing balance
Motor Vehicles
The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that
valuation has not been updated.
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
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. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 5
6
For the year ended 30 September 2021
Nottingham Garage Doors Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Motor Vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 October 2020
25,064
3,344
14,495
7,225
At 30 September 2021
7,225
14,495
3,344
25,064
Provision for depreciation and impairment
At 01 October 2020
19,512
3,248
9,909
6,355
Charge for year
1,301
24
1,146
131
At 30 September 2021
20,813
3,272
11,055
6,486
At 30 September 2021
Net book value
739
3,440
72
4,251
At 30 September 2020
870
4,586
96
5,552
3. Inventories
2020
2021
£
£
Stocks
7,510
42,960
4. Trade and other receivables
2020
2021
£
£
Trade debtors
35,483
25,706
Other debtors
209
7,342
33,048
35,692
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft (secured)
5,950
134
Bank loans and overdraft
42,010
49,003
Trade creditors
36,618
100,353
Taxation and social security
11,411
10,896
Other creditors
5,803
450
101,792
160,836
4 of 5
7
For the year ended 30 September 2021
Nottingham Garage Doors Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Other creditors
2,916
2,919
7. Average number of persons employed
During the year the average number of employees was 2 (2020 : 1)
5 of 5