Company Registration No. 05654691 (England and Wales)
Leziate Drove Garage Ltd
Unaudited accounts
for the year ended 31 December 2019
Leziate Drove Garage Ltd
Unaudited accounts
Contents
Leziate Drove Garage Ltd
Company Information
for the year ended 31 December 2019
Directors
Christopher Spragg
Matthew Spragg
Company Number
05654691 (England and Wales)
Registered Office
24 Cannon Terrace
Wisbech
Cambridgeshire
PE132QW
Leziate Drove Garage Ltd
Statement of financial position
as at
31 December 2019
Tangible assets
41,098
48,585
Cash at bank and in hand
75,129
43,976
Creditors: amounts falling due within one year
(53,120)
(43,143)
Net current assets
60,398
40,187
Net assets
101,496
88,772
Called up share capital
110
110
Profit and loss account
101,386
88,662
Shareholders' funds
101,496
88,772
For the year ending 31 December 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 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 14 September 2020 and were signed on its behalf by
Christopher Spragg
Director
Company Registration No. 05654691
Leziate Drove Garage Ltd
Notes to the Accounts
for the year ended 31 December 2019
Leziate Drove Garage Ltd is a private company, limited by shares, registered in England and Wales, registration number 05654691. The registered office is 24 Cannon Terrace, Wisbech, Cambridgeshire, PE132QW.
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.
These financial statements for the year ended 31 December 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Leziate Drove Garage Ltd
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
100,885
18,000
1,115
120,000
At 31 December 2019
100,885
18,000
1,115
120,000
At 1 January 2019
61,432
9,816
167
71,415
Charge for the year
5,918
1,427
142
7,487
At 31 December 2019
67,350
11,243
309
78,902
At 31 December 2019
33,535
6,757
806
41,098
At 31 December 2018
39,453
8,184
948
48,585
Raw materials
3,000
2,940
Trade debtors
7,389
8,414
Other debtors
28,000
28,000
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
16,399
15,783
Taxes and social security
21,084
15,309
Other creditors
11,249
9,667
Loans from directors
2,858
884
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Average number of employees
During the year the average number of employees was 0 (2018: 8).