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REGISTERED NUMBER: 04362854 (England and Wales)















Accidental Repair Technicians Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Accidental Repair Technicians Ltd (Registered number: 04362854)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Accidental Repair Technicians Ltd

Company Information
for the year ended 31st March 2024







DIRECTORS: Mr. T Griffin
Mrs. L Fenlon





SECRETARY: Mr R T Griffin





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





BUSINESS ADDRESS: Unit 120, K2 House
Heathfield Way
Northampton
NN5 7QP





REGISTERED NUMBER: 04362854 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Accidental Repair Technicians Ltd (Registered number: 04362854)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,458 2,286

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 152,423 114,168
Cash at bank and in hand 95,113 120,732
257,536 244,900
CREDITORS
Amounts falling due within one year 7 25,926 20,882
NET CURRENT ASSETS 231,610 224,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,068

226,304

PROVISIONS FOR LIABILITIES 8 300 400
NET ASSETS 232,768 225,904

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 232,666 225,802
SHAREHOLDERS' FUNDS 232,768 225,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 5th July 2024 and were signed on its behalf by:




Mr. T Griffin - Director



Mrs. L Fenlon - Director


Accidental Repair Technicians Ltd (Registered number: 04362854)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Accidental Repair Technicians 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 (£).


The principal activity of the company is that of repair work in the house building trade.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Accidental Repair Technicians Ltd (Registered number: 04362854)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 2,804 8,225 11,029
DEPRECIATION
At 1st April 2023 1,551 7,192 8,743
Charge for year 312 516 828
At 31st March 2024 1,863 7,708 9,571
NET BOOK VALUE
At 31st March 2024 941 517 1,458
At 31st March 2023 1,253 1,033 2,286

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 130,552 105,920
Other debtors 21,871 8,248
152,423 114,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,442 13,665
Taxation and social security 2,995 -
Other creditors 7,489 7,217
25,926 20,882

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 300 400

Deferred
tax
£   
Balance at 1st April 2023 400
Credit to Income Statement during year (100 )
Balance at 31st March 2024 300

Accidental Repair Technicians Ltd (Registered number: 04362854)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A Share £1 1 1
1 Ordinary B Share £1 1 1
102 102

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 or 31st March 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 or 31st March 2023.