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REGISTERED NUMBER: 05494580 (England and Wales)
















Financial Statements

for the Year Ended 31 January 2024

for

The Auto Shop Accident Repair Centre
Limited

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


The Auto Shop Accident Repair Centre
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: T P Harwood





SECRETARY: Mrs B A Harwood





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 05494580 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

The Auto Shop Accident Repair Centre
Limited

Report of the Accountants to the Director of
The Auto Shop Accident Repair Centre
Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


27 February 2024

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,333 10,333
Tangible assets 5 54,329 45,164
60,662 55,497

CURRENT ASSETS
Stocks 27,367 45,150
Debtors 6 97,820 127,623
Cash at bank and in hand 103,273 106,373
228,460 279,146
CREDITORS
Amounts falling due within one year 7 103,701 127,967
NET CURRENT ASSETS 124,759 151,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,421

206,676

CREDITORS
Amounts falling due after more than
one year

8

(18,151

)

(28,278

)

PROVISIONS FOR LIABILITIES (8,661 ) (6,814 )
NET ASSETS 158,609 171,584

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 158,599 171,574
SHAREHOLDERS' FUNDS 158,609 171,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2024 and were signed by:





T P Harwood - Director


The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

The Auto Shop Accident Repair Centre 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
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.

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.

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 80,000
AMORTISATION
At 1 February 2023 69,667
Amortisation for year 4,000
At 31 January 2024 73,667
NET BOOK VALUE
At 31 January 2024 6,333
At 31 January 2023 10,333

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 32,612 116,305 10,947 57,346 217,210
Additions - 7,400 - 43,300 50,700
Disposals - - - (39,769 ) (39,769 )
At 31 January 2024 32,612 123,705 10,947 60,877 228,141
DEPRECIATION
At 1 February 2023 32,612 99,614 9,846 29,974 172,046
Charge for year - 6,039 1,051 12,075 19,165
Eliminated on disposal - - - (17,399 ) (17,399 )
At 31 January 2024 32,612 105,653 10,897 24,650 173,812
NET BOOK VALUE
At 31 January 2024 - 18,052 50 36,227 54,329
At 31 January 2023 - 16,691 1,101 27,372 45,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,236 109,542
Other debtors 18,584 18,081
97,820 127,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,058 9,727
Trade creditors 46,005 61,615
Taxation and social security 40,921 50,955
Other creditors 6,717 5,670
103,701 127,967

The Auto Shop Accident Repair Centre
Limited (Registered number: 05494580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,151 28,278

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,222