2022-07-19 2023-07-31 14244305 C.O CAR REPAIRS LTD false 14244305 2022-07-19 2023-07-31 14244305 uk-bus:Director1 2022-07-19 2023-07-31 14244305 uk-bus:AuditExempt-NoAccountantsReport 2022-07-19 2023-07-31 14244305 uk-bus:SmallEntities 2022-07-19 2023-07-31 14244305 uk-bus:FullAccounts 2022-07-19 2023-07-31 14244305 uk-bus:PrivateLimitedCompanyLtd 2022-07-19 2023-07-31 14244305 2022-07-19 14244305 2023-07-31 14244305 2022-07-31 xbrli:pure iso4217:GBP 14244305 2021-07-19 2022-07-31
Company Registration Number : 14244305 (England and Wales)
14244305
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
C.O CAR REPAIRS LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-07-19
C.O CAR REPAIRS LTD
Unaudited filleted financial statements
For 378 days period from 19 July 2022 to 31 July 2023
C.O CAR REPAIRS LTD
Contents
For 378 days period from 19 July 2022 to 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


C.O CAR REPAIRS LTD
Company Information
For 378 days period from 19 July 2022 to 31 July 2023

Company registration number 14244305 (England and Wales)
Directors Colin ARMSTRONG
Christopher OWERS
Melanie SMITH
Registered office address The Old Fire Station Rear Of Church Street
Durham
DH7 9TZ
C.O CAR REPAIRS LTD
Statement of Financial Position
For 378 days period from 19 July 2022 to 31 July 2023

2023
Notes £
Fixed assets
Property, plant and equipment 26,215
7 26,215
Current assets
Debtors 27,334
Cash and cash equivalents 19,792
47,126
Current liabilities
Creditors: Amounts falling due within one year (69,602)
(69,602)
Net current (liabilities)/assets (22,476)
Total assets less current liabilities 3,739
Non-current liabilities
Creditors: Amounts falling due after more than one year (2,633)
Net assets/(liabilities) 1,106
Capital and reserves
Called up share capital 10
Retained earnings 1,096
Shareholders' funds 1,106
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 2023 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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 19 October 2023
.............................
Christopher OWERS (Director)
Company registration number: 14244305
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023
£
Fixed Assets 26,215
Current Assets 47,126
Creditors: amounts falling due within one year (69,602)
Net current assets (liabilities) (22,476)
Total assets less current liabilities 3,739
CREDITORS: Amounts falling due more than one year (2,633)
Net Assets (liabilities) 1,106
Capital and Reserves 1,106
For the year ending 7/31/2023 the company was entitled to exemption 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. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 19 October 2023 2023-10-19 and signed on behalf of the board,
.............................
Christopher OWERS
Director
Company registration number: 14244305
C.O CAR REPAIRS LTD
Notes to the Financial Statements
For 378 days period from 19 July 2022 to 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Old Fire Station Rear Of Church Street, Durham, DH7 9TZ.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings3% straight line
Plant and Machinery14% straight line
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings14% straight line
Equipment14% straight line
Motor Cars20% straight line
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the period, the average number of employees including director was 5 .

(6) Tangible fixed assets
Land and BuildingsPlant and MachineryFixtures and FittingsEquipmentMotor VehiclesTotals
££££££
Cost
Additions4,0004,0003,2281,50018,54231,270
As at 31 July 20234,0004,0003,2281,50018,54231,270
Depreciation
For the year1005714612143,7085,054
As at 31 July 20231005714612143,7085,054
Net book value
As at 31 July 20233,9003,4292,7671,28614,83326,216

(7) Fixed assets
Tangible

£
Cost
Additions31,270
As at 31 July 202331,270
Depreciation/Amortisation
For the year5,055
As at 31 July 20235,055
Net book value
As at 31 July 202326,215