Company Registration No. 03568085 (England and Wales)
St. Andrews Rd. Garage Limited
Unaudited accounts
for the year ended 31 March 2018
St. Andrews Rd. Garage Limited
Unaudited accounts
Contents
St. Andrews Rd. Garage Limited
Statement of financial position
as at
31 March 2018
Intangible assets
-
16,042
Tangible assets
26,268
30,027
Inventories
139,294
192,134
Cash at bank and in hand
10,415
9
Creditors: amounts falling due within one year
(83,751)
(129,807)
Net current assets
90,039
90,257
Net assets
116,307
136,326
Called up share capital
1,000
1,000
Profit and loss account
115,307
135,326
Shareholders' funds
116,307
136,326
For the year ending 31 March 2018 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.
Approved by the Board on 30 June 2018.
Mark F Pearce
Director
Company Registration No. 03568085
St. Andrews Rd. Garage Limited
Notes to the Accounts
for the year ended 31 March 2018
St. Andrews Rd. Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 03568085. The registered office is St Andrews Road, Par, Cornwall, PL24 2LX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
16,042
St. Andrews Rd. Garage Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
7,987
63,616
69,300
140,903
At 31 March 2018
7,987
64,547
69,300
141,834
At 1 April 2017
-
43,491
67,385
110,876
Charge for the year
-
4,211
479
4,690
At 31 March 2018
-
47,702
67,864
115,566
At 31 March 2018
7,987
16,845
1,436
26,268
At 31 March 2017
7,987
20,125
1,915
30,027
Raw materials
139,294
192,134
Trade debtors
24,081
27,921
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
36,281
Trade creditors
23,395
25,897
Taxes and social security
37,145
28,945
Other creditors
10,723
27,665
9
Transactions with related parties
G K Pearce
During the year a dividend of £5,100 was paid (2017: £7,650).
At the year end the company owed £7,256 to Mr G K Pearce (2017: £3,719).
Rent at a commercial rate was paid of £4,000 (2017: £4,000).
M F Pearce
During the year a dividend of £4,900 was paid (2017: £7,350).
At the year end the company owed £23,947 to Mr M F Pearce (2017: £23,947).
Rent at a commercial rate was paid of £4,000 (2017: £4,000).
St. Andrews Rd. Garage Limited
Notes to the Accounts
for the year ended 31 March 2018
10
Average number of employees
During the year the average number of employees was 15 (2017: 16).