VICTORIA GARAGE (PENARTH) LIMITED

VICTORIA GARAGE (PENARTH) LIMITED

VICTORIA GARAGE (PENARTH) LIMITED - Company Information

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1 August 2021 false No description of principal activity Taxfiler 2022.12 5497353business:PrivateLimitedCompanyLtd2021-08-012022-07-31 54973532021-07-31 54973532021-08-012022-07-31 5497353business:AuditExempt-NoAccountantsReport2021-08-012022-07-31 5497353business:FullAccounts2021-08-012022-07-31 54973532022-07-31 5497353business:Director12021-08-012022-07-31 5497353business:Director22021-08-012022-07-31 5497353business:RegisteredOffice2021-08-012022-07-31 54973532021-07-31 5497353core:WithinOneYear2022-07-31 5497353core:WithinOneYear2021-07-31 5497353core:AfterOneYear2022-07-31 5497353core:AfterOneYear2021-07-31 5497353core:ShareCapital2022-07-31 5497353core:ShareCapital2021-07-31 5497353core:RetainedEarningsAccumulatedLosses2022-07-31 5497353core:RetainedEarningsAccumulatedLosses2021-07-31 5497353business:SmallEntities2021-08-012022-07-31 5497353countries:EnglandWales2021-08-012022-07-31 5497353core:PlantMachinery2021-08-012022-07-31 5497353core:MotorVehicles2021-08-012022-07-31 5497353core:FurnitureFittings2021-08-012022-07-31 5497353core:Goodwill2021-07-31 5497353core:Goodwill2022-07-31 5497353core:PlantMachinery2021-07-31 5497353core:MotorVehicles2021-07-31 5497353core:FurnitureFittings2021-07-31 5497353core:PlantMachinery2022-07-31 5497353core:MotorVehicles2022-07-31 5497353core:FurnitureFittings2022-07-31 5497353business:Director212021-08-012022-07-31 5497353business:Director212021-07-31 5497353business:Director212022-07-31 54973532020-08-012021-07-31 iso4217:GBP xbrli:pure
Company Registration No. 5497353 (England and Wales)
VICTORIA GARAGE (PENARTH) LIMITED Unaudited accounts for the year ended 31 July 2022
VICTORIA GARAGE (PENARTH) LIMITED Unaudited accounts Contents
Page
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VICTORIA GARAGE (PENARTH) LIMITED Company Information for the year ended 31 July 2022
Directors
Thomas Luck Simon Prosser
Company Number
5497353 (England and Wales)
Registered Office
1 Redlands Road Penarth Vale Of Glamorgan CF64 2WD
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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VICTORIA GARAGE (PENARTH) LIMITED Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
13,363 
15,549 
Current assets
Inventories
5,000 
5,000 
Debtors
6
54,479 
18,087 
Cash at bank and in hand
18,410 
36,697 
77,889 
59,784 
Creditors: amounts falling due within one year
7
(66,890)
(54,886)
Net current assets
10,999 
4,898 
Total assets less current liabilities
24,362 
20,447 
Creditors: amounts falling due after more than one year
8
(29,689)
(39,167)
Net liabilities
(5,327)
(18,720)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(5,331)
(18,724)
Shareholders' funds
(5,327)
(18,720)
For the year ending 31 July 2022 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2023 and were signed on its behalf by
Simon Prosser Director Company Registration No. 5497353
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VICTORIA GARAGE (PENARTH) LIMITED Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
VICTORIA GARAGE (PENARTH) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5497353. The registered office is 1 Redlands Road, Penarth, Vale Of Glamorgan, CF64 2WD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Motor vehicles
4 years
Fixtures & fittings
10 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2021
63,000 
At 31 July 2022
63,000 
Amortisation
At 1 August 2021
63,000 
At 31 July 2022
63,000 
Net book value
At 31 July 2022
- 
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VICTORIA GARAGE (PENARTH) LIMITED Notes to the Accounts for the year ended 31 July 2022
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2021
94,548 
16,178 
3,908 
114,634 
Additions
210 
6,500 
- 
6,710 
At 31 July 2022
94,758 
22,678 
3,908 
121,344 
Depreciation
At 1 August 2021
81,205 
15,831 
2,049 
99,085 
Charge for the year
6,734 
1,833 
329 
8,896 
At 31 July 2022
87,939 
17,664 
2,378 
107,981 
Net book value
At 31 July 2022
6,819 
5,014 
1,530 
13,363 
At 31 July 2021
13,343 
347 
1,859 
15,549 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,716 
17,655 
Other debtors
34,763 
432 
54,479 
18,087 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
10,245 
9,274 
Trade creditors
24,696 
20,745 
Taxes and social security
20,733 
13,877 
Other creditors
1,216 
990 
66,890 
54,886 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
29,689 
39,167 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Simon Prosser
Directors Loan
- 
34,763 
- 
34,763 
- 
34,763 
- 
34,763 
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VICTORIA GARAGE (PENARTH) LIMITED Notes to the Accounts for the year ended 31 July 2022
10
Average number of employees
During the year the average number of employees was 7 (2021: 7).
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