Registered Number
:
06884857
|
For the year ended 31 May 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2019
Eddie Thomas Garage Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Eddie Thomas Garage Ltd
Statement of Financial Position
2018
2019
19,000
19,000
2
Property
,
plant and equipment
|
14,103
17,237
3
33,103
36,237
3,055
3,103
4
Trade and other receivables
|
2,120
2,860
5
26,670
Cash and cash equivalents
|
20,963
26,926
31,845
Trade and other payables
:
amounts falling due within one year
|
(23,414)
(10,960)
6
8,431
15,966
Net current assets
Total assets less current liabilities
|
49,069
44,668
49,069
Net assets
44,668
2
2
49,067
44,666
49,069
44,668
Shareholders' funds
For the year ended 31 May 2019 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 31 May 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 February 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2019
Eddie Thomas Garage Ltd
Notes to the Financial Statements
Statutory Information
Eddie Thomas Garage Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
06884857
.
|
Meadowcroft Bungalow
Old Hakin Road
Haverfordwest
Pembs.
SA62 3EP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
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
Motor vehicles
Fixtures and fittings
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.
2 of 4
For the year ended 31 May 2019
Eddie Thomas Garage Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
19,000
19,000
19,000
19,000
3
.
Property
,
plant and equipment
|
41,226
8,542
32,684
1,000
-
1,000
33,684
8,542
42,226
Provision for depreciation and impairment
|
23,989
8,542
15,447
Charge for year
4,134
-
4,134
28,123
8,542
19,581
14,103
-
14,103
17,237
-
17,237
2018
2019
3,103
3,055
5
.
Trade and other receivables
|
2018
2019
2,860
2,120
3 of 4
For the year ended 31 May 2019
Eddie Thomas Garage Ltd
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
3,250
5,592
Taxation and social security
|
3,138
7,920
4,572
9,902
10,960
23,414
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