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REGISTERED NUMBER:
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Beaulieu Garage Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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REGISTERED NUMBER:
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Beaulieu Garage Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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Beaulieu Garage Limited (Registered number: 03344173) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Page |
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Statement of Financial Position | 1 |
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Notes to the Financial Statements | 3 |
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Beaulieu Garage Limited (Registered number: 03344173) |
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Statement of Financial Position |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one year | 8 | ( |
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Provisions for liabilities |
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( |
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Net (liabilities)/assets | ( |
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Capital and reserves |
Called up share capital |
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Retained earnings | ( |
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Shareholders' funds | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the Company keeps 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 Sections 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. |
Beaulieu Garage Limited (Registered number: 03344173) |
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Statement of Financial Position - continued |
30 April 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Beaulieu Garage Limited (Registered number: 03344173) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | Statutory information |
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Beaulieu Garage Limited is a
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registered number and registered office address are as below: |
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Registered number: | 03344173 |
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Registered office: | 10 Bridge Street |
Christchurch |
Dorset |
BH23 1EF |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business over its estimated useful life has |
been fully amortised. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Stock and work in progress |
Work in progress is measured at the lower of cost and net realisable value. |
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Stock is measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained |
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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Beaulieu Garage Limited (Registered number: 03344173) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those |
in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing |
difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Going concern |
In accordance with their responsibilities the directors' have considered the appropriateness of the going concern basis |
for the preparation of the financial statements. The directors' having considered the current economic environment |
and future business activity, believe that the business will continue as a going concern. The directors' have confirmed |
their continued support of the company. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2018 |
and 30 April 2019 |
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Amortisation |
At 1 May 2018 |
and 30 April 2019 |
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Net book value |
At 30 April 2019 |
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At 30 April 2018 |
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Beaulieu Garage Limited (Registered number: 03344173) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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5. | Tangible fixed assets |
Short | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
Cost |
At 1 May 2018 |
and 30 April 2019 |
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Depreciation |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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Net book value |
At 30 April 2019 |
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At 30 April 2018 |
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6. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Other creditors |
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9. | Other financial commitments |
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The company has total lease commitments of £122,917 (2018 - £147,917) as at 30.4.19. |
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10. | Related party disclosures |
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The director Mr K Harmer has given assurance that his directors loan account balance of £511,129 (2018 - £450,000), |
will not be withdrawn within the next twelve months. |
Beaulieu Garage Limited (Registered number: 03344173) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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11. | Ultimate controlling party |
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The ultimate controlling party is
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The company's immediate parent is New Forest Classic Cars Limited, incorporated in England and Wales. |