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Registered Number: 08226213
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

SMART BODYSHOP LIMITED

Directors Jenny Morris
Dale Morris
Registered Number 08226213
Registered Office Unit 6 Ringway Centre
Edison Road
Basingstoke
RG21 6YH
Accountants Strata Accountants Limited
Milton Park Innovation Centre
99 Park Drive
Abingdon
OX14 4RY
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3   7,826 
Tangible fixed assets 4 209,135    64,220 
209,135    72,046 
Current assets      
Stocks 5 123,515    90,777 
Debtors 6 703,331    325,607 
Cash at bank and in hand 75,268    1,485 
902,114    417,869 
Creditors: amount falling due within one year 7 (708,480)   (402,082)
Net current assets 193,634    15,787 
 
Total assets less current liabilities 402,769    87,833 
Creditors: amount falling due after more than one year 8 (300,250)   (117,518)
Net assets 102,519    (29,685)
 

Capital and reserves
     
Called up share capital 9 80    80 
Share premium account 10 91,920    91,920 
Profit and loss account 10,519    (121,685)
Shareholder's funds 102,519    (29,685)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 01 March 2024 and were signed on its behalf by:


-------------------------------
Dale Morris
Director
2
General Information
Smart Bodyshop Limited is a private company, limited by shares, registered in England and Wales, registration number 08226213, registration address Unit 6 Ringway Centre, Edison Road , Basingstoke, RG21 6YH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold 20% Straight Line
Plant and Machinery 20% Straight Line
Fixtures and Fittings 50% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 31 (2022 : 20).
3.

Intangible fixed assets

Cost Franchise   Total
  £   £
At 01 January 2023 15,000    15,000 
Additions  
Disposals  
At 31 December 2023 15,000    15,000 
Amortisation
At 01 January 2023 7,174    7,174 
Charge for year 7,826    7,826 
On disposals  
At 31 December 2023 15,000    15,000 
Net book values
At 31 December 2023  
At 31 December 2022 7,826    7,826 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Leasehold   Total
  £   £   £   £
At 01 January 2023 346,780    49,819    8,655    405,254 
Additions 93,139    59,973    35,646    188,758 
Disposals      
At 31 December 2023 439,919    109,792    44,301    594,012 
Depreciation
At 01 January 2023 299,131    36,270    5,633    341,034 
Charge for year 30,419    11,407    2,017    43,843 
On disposals      
At 31 December 2023 329,550    47,677    7,650    384,877 
Net book values
Closing balance as at 31 December 2023 110,369    62,115    36,651    209,135 
Opening balance as at 01 January 2023 47,649    13,549    3,022    64,220 

The net book value of Leasehold includes £ 36,651 (2022 £3,022) in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2023
£
  2022
£
Work in Progress 38,374    17,849 
Stocks 85,141    72,928 
123,515    90,777 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 345,133    176,243 
Prepayments 47,841    66,335 
Accrued Income 83,542    31,221 
Deposits paid 148,112    50,000 
Other Debtors 36,207    1,808 
Directors' Current Accounts 42,496   
703,331    325,607 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 214,125    147,198 
Bank Loans & Overdrafts 70,908    91,855 
PAYE & Social Security 20,136    19,484 
Accrued Expenses 73,340    22,421 
Other Creditors 282,174    29,232 
Obligations under HP/Financial Leases 5,173   
Directors' Current Accounts   36,837 
VAT Control Account 42,624    55,055 
708,480    402,082 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 293,353    117,518 
Obligations Under HP/Financial Leases 6,897   
300,250    117,518 

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
80 Ordinary shares of £1.00 each 80    80 
80    80 

10.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 91,920    91,920 
91,920    91,920 

3