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REGISTERED NUMBER: 08761901 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SR MOTOR BODY REPAIRERS LTD

SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SR MOTOR BODY REPAIRERS LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: S D McNea
A J Hickey



REGISTERED OFFICE: 20 Severs Street
Liverpool
Merseyside
L6 5HJ



REGISTERED NUMBER: 08761901 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: HSBC Plc
525 Prescot Road
Old Swan
Liverpool
Merseyside
L13 5UU

SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 945 1,181

CURRENT ASSETS
Stocks 5 3,350 2,350
Debtors 6 24,949 25,618
Cash at bank and in hand 30,997 34,739
59,296 62,707
CREDITORS
Amounts falling due within one year 7 36,546 34,192
NET CURRENT ASSETS 22,750 28,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,695

29,696

PROVISIONS FOR LIABILITIES 8 236 295
NET ASSETS 23,459 29,401

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 10 22,959 28,901
SHAREHOLDERS' FUNDS 23,459 29,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)

STATEMENT OF FINANCIAL POSITION - continued
30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





S D McNea - Director


SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

SR Motor Body Repairers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% 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.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, directors' loan
accounts, trade creditors, and accruals.

Financial instruments that are payable or receivable within one year, typically directors' loan accounts, trade
creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Revenue recognition
Turnover generated which has not been invoiced is included within turnover, and accrued income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 8,290
DEPRECIATION
At 1 December 2022 7,109
Charge for year 236
At 30 November 2023 7,345
NET BOOK VALUE
At 30 November 2023 945
At 30 November 2022 1,181

5. STOCKS
2023 2022
£    £   
Stocks 3,350 2,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,353 16,201
Tax 916 3,513
Prepayments and accrued income 3,680 5,904
24,949 25,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,697 8,455
Tax - 934
Social security and other taxes 2,368 1,595
VAT 11,817 7,917
Directors' loan accounts 12,100 12,100
Accrued expenses 3,564 3,191
36,546 34,192

SR MOTOR BODY REPAIRERS LTD (REGISTERED NUMBER: 08761901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 236 295

Deferred
tax
£   
Balance at 1 December 2022 295
Provided during year (59 )
Balance at 30 November 2023 236

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary £1 £1 500 500

10. RESERVES
Retained
earnings
£   

At 1 December 2022 28,901
Deficit for the year (5,942 )
At 30 November 2023 22,959

11. ULTIMATE CONTROLLING PARTY

By virtue of their shareholdings, the directors control the company.