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REGISTERED NUMBER: 04479600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D J Gardiner
P M Staples





REGISTERED OFFICE: Unit 10 Browning Road
Station Road Industrial Estate
Heathfield
East Sussex
TN21 8DB





REGISTERED NUMBER: 04479600 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,980 49,703

CURRENT ASSETS
Stocks 314,665 122,860
Debtors 5 521,983 495,467
Cash at bank 6,113 57,317
842,761 675,644
CREDITORS
Amounts falling due within one year 6 821,757 671,701
NET CURRENT ASSETS 21,004 3,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,984

53,646

CREDITORS
Amounts falling due after more than one
year

7

78,838

52,500
NET ASSETS 1,146 1,146

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 146 146
SHAREHOLDERS' FUNDS 1,146 1,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

BALANCE SHEET - continued
31 JULY 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:




P M Staples - Director



D J Gardiner - Director


CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Crowborough Accident Repair Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Short leasehold - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2022 - 11 ) .

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 1,582 303,330 304,912
Additions - 17,134 17,134
At 31 July 2023 1,582 320,464 322,046
DEPRECIATION
At 1 August 2022 1,582 253,627 255,209
Charge for year - 7,857 7,857
At 31 July 2023 1,582 261,484 263,066
NET BOOK VALUE
At 31 July 2023 - 58,980 58,980
At 31 July 2022 - 49,703 49,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 516,233 489,717
Other debtors 5,750 5,750
521,983 495,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 142,027 68,573
Factoring account 475,009 434,997
Trade creditors 58,942 35,932
Taxation and social security 141,456 128,923
Other creditors 4,323 3,276
821,757 671,701

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 78,838 52,500

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 72,651 -
Amounts due to factors 475,009 434,997
547,660 434,997

Amounts due to factors are secured against the trade debtors. The bank overdraft is guaranteed by assets of the company and guaranteed by the Directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is a loan to the directors, which has no fixed term for repayment.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. Each director owns 50% of the issued share capital.