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REGISTERED NUMBER: 04091453 (England and Wales)















ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 04091453)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M. A. Collins





SECRETARY: M. A. Collins





REGISTERED OFFICE: 3 Vigo Place
Aldridge
Walsall
West Midlands
WS9 8UG





REGISTERED NUMBER: 04091453 (England and Wales)





AUDITORS: Four Oaks Taxation & Accounting Services Limited
(Statutory Auditor)
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 04091453)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2 2
2 2

CURRENT ASSETS
Stocks 189,312 220,027
Debtors 6 414,042 647,547
Cash at bank and in hand 1,877,705 1,274,054
2,481,059 2,141,628
CREDITORS
Amounts falling due within one year 7 936,698 819,736
NET CURRENT ASSETS 1,544,361 1,321,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,544,363

1,321,894

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,544,361 1,321,892
SHAREHOLDERS' FUNDS 1,544,363 1,321,894

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 director and authorised for issue on 4 October 2024 and were signed by:





M. A. Collins - Director


ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 04091453)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Aldridge 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 04091453)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 36,282 76,406 112,688
DEPRECIATION
At 1 May 2023
and 30 April 2024 36,281 76,405 112,686
NET BOOK VALUE
At 30 April 2024 1 1 2
At 30 April 2023 1 1 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 349,726 598,981
Amounts owed by group undertakings 1,276 2,511
Other debtors 63,040 46,055
414,042 647,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,249 73,797
Trade creditors 129,505 194,510
Amounts owed to group undertakings 497,418 258,463
Taxation and social security 158,116 166,800
Other creditors 84,410 126,166
936,698 819,736

ALDRIDGE ACCIDENT & REPAIR CENTRE
LIMITED (REGISTERED NUMBER: 04091453)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael J Rudd FCA CTA (Senior Statutory Auditor)
for and on behalf of Four Oaks Taxation & Accounting Services Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M.A. Collins who is director of Aldridge Accident & Repair Centre Limited and of the ultimate parent company Collins Group International Limited.