Company Registration No. 07383161 (England and Wales)
Crackley Garage Limited
Unaudited accounts
for the year ended 30 September 2019
Crackley Garage Limited
Unaudited accounts
Contents
Crackley Garage Limited
Company Information
for the year ended 30 September 2019
Company Number
07383161 (England and Wales)
Registered Office
Unit F Princes Drive Industrial Estate
Coventry Road
Kenilworth
CV8 2FD
Accountants
Peacock Accountants Limited
71-75 Shelton Street
Covent Garden
London
England
WC2H 9JQ
Crackley Garage Limited
Statement of financial position
as at
30 September 2019
Intangible assets
6,000
8,000
Tangible assets
50,916
50,417
Cash at bank and in hand
16,949
21,582
Creditors: amounts falling due within one year
(101,317)
(89,380)
Net current liabilities
(52,603)
(43,821)
Called up share capital
100
100
Profit and loss account
4,213
14,496
Shareholders' funds
4,313
14,596
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 15 June 2020 and were signed on its behalf by
Mr J G Poulter
Director
Company Registration No. 07383161
Crackley Garage Limited
Notes to the Accounts
for the year ended 30 September 2019
Crackley Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 07383161. The registered office is Unit F Princes Drive Industrial Estate, Coventry Road, Kenilworth, CV8 2FD.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
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.
Patents and licences are being amortised evenly over their estimated useful life of nil years.
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Intangible fixed assets
Goodwill
Other
Total
At 1 October 2018
10,000
6,000
16,000
At 30 September 2019
10,000
6,000
16,000
At 1 October 2018
8,000
-
8,000
Charge for the year
2,000
-
2,000
At 30 September 2019
10,000
-
10,000
At 30 September 2019
-
6,000
6,000
At 30 September 2018
2,000
6,000
8,000
Crackley Garage Limited
Notes to the Accounts
for the year ended 30 September 2019
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2018
49,931
68,242
4,387
10,265
132,825
Additions
6,245
11,228
-
-
17,473
At 30 September 2019
56,176
79,470
4,387
10,265
150,298
At 1 October 2018
30,913
44,852
1,097
5,546
82,408
Charge for the year
6,316
8,655
823
1,180
16,974
At 30 September 2019
37,229
53,507
1,920
6,726
99,382
At 30 September 2019
18,947
25,963
2,467
3,539
50,916
At 30 September 2018
19,018
23,390
3,290
4,719
50,417
Trade debtors
21,856
16,052
Accrued income and prepayments
7,925
7,925
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
19,700
4,278
Trade creditors
21,649
26,782
Taxes and social security
50,788
48,838
Other creditors
8,180
7,820
Loans from directors
-
662
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Average number of employees
During the year the average number of employees was 9 (2018: 9).