Company Registration No. 07383161 (England and Wales)
Crackley Garage Limited
Unaudited accounts
for the year ended 30 September 2018
Crackley Garage Limited
Unaudited accounts
Contents
Crackley Garage Limited
Company Information
for the year ended 30 September 2018
Company Number
07383161 (England and Wales)
Registered Office
Unit F Princes Drive Industrial Estate
Coventry Road
Kenilworth
CV8 2FD
Accountants
Peacock Accountants Limited
214B The Big Peg
120 Vyse Street, Jewellery Quarter
Birmingham
England
B18 6NF
Crackley Garage Limited
Statement of financial position
as at
30 September 2018
Intangible assets
8,000
10,000
Tangible assets
50,417
57,235
Cash at bank and in hand
21,582
26,238
Creditors: amounts falling due within one year
(89,380)
(78,387)
Net current liabilities
(43,821)
(40,360)
Total assets less current liabilities
14,596
26,875
Creditors: amounts falling due after more than one year
-
(4,281)
Called up share capital
100
100
Profit and loss account
14,496
22,494
Shareholders' funds
14,596
22,594
For the year ending 30 September 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 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.
Approved by the Board on 31 May 2019.
Mr J G Poulter
Director
Company Registration No. 07383161
Crackley Garage Limited
Notes to the Accounts
for the year ended 30 September 2018
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.
These financial statements for the year ended 30 September 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2016.
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
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.
Crackley Garage Limited
Notes to the Accounts
for the year ended 30 September 2018
4
Intangible fixed assets
Goodwill
Other
Total
At 1 October 2017
10,000
6,000
16,000
At 30 September 2018
10,000
6,000
16,000
At 1 October 2017
6,000
-
6,000
Charge for the year
2,000
-
2,000
At 30 September 2018
8,000
-
8,000
At 30 September 2018
2,000
6,000
8,000
At 30 September 2017
4,000
6,000
10,000
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 2017
49,456
66,292
-
7,483
123,231
Additions
475
1,950
4,387
2,782
9,594
At 30 September 2018
49,931
68,242
4,387
10,265
132,825
At 1 October 2017
24,573
37,355
-
4,068
65,996
Charge for the year
6,340
7,497
1,097
1,478
16,412
At 30 September 2018
30,913
44,852
1,097
5,546
82,408
At 30 September 2018
19,018
23,390
3,290
4,719
50,417
At 30 September 2017
24,883
28,937
-
3,415
57,235
Trade debtors
16,052
3,864
Accrued income and prepayments
7,925
7,925
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
4,278
4,667
Trade creditors
26,782
29,789
Taxes and social security
48,838
37,265
Other creditors
7,820
4,771
Loans from directors
662
895
Crackley Garage Limited
Notes to the Accounts
for the year ended 30 September 2018
8
Creditors: amounts falling due after more than one year
2018
2017
9
Average number of employees
During the year the average number of employees was 9 (2017: 7).