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REGISTERED NUMBER: 00356371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

MINSTER GARAGE LIMITED

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MINSTER GARAGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2017







DIRECTORS: M Ward
S Ward





SECRETARY: B Ward





REGISTERED OFFICE: King Street
Southwell
Nottinghamshire
NG25 0EH





REGISTERED NUMBER: 00356371 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

ABRIDGED BALANCE SHEET
31 May 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,307 35,266

CURRENT ASSETS
Stocks 1,300 1,250
Debtors 1,980 12,215
Cash at bank and in hand 64,559 73,429
67,839 86,894
CREDITORS
Amounts falling due within one year 48,817 61,589
NET CURRENT ASSETS 19,022 25,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,329

60,571

CREDITORS
Amounts falling due after more than one
year

(2,000

)

(2,000

)

PROVISIONS FOR LIABILITIES (609 ) (679 )
NET ASSETS 48,720 57,892

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 44,720 53,892
SHAREHOLDERS' FUNDS 48,720 57,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

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.

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

ABRIDGED BALANCE SHEET - continued
31 May 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2017 and were signed on its behalf
by:




M Ward - Director



S Ward - Director


MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

Minster Garage Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

MINSTER GARAGE LIMITED (REGISTERED NUMBER: 00356371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2016 123,605
Disposals (900 )
At 31 May 2017 122,705
DEPRECIATION
At 1 June 2016 88,339
Charge for year 2,955
Eliminated on disposal (896 )
At 31 May 2017 90,398
NET BOOK VALUE
At 31 May 2017 32,307
At 31 May 2016 35,266