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Registered number: 10703123
Total Body Shop Repairs Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10703123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 284,395 286,798
Investments 5 4,967 -
289,362 286,798
CURRENT ASSETS
Stocks 6 29,420 223,658
Debtors 7 465,596 127,909
Cash at bank and in hand 309,774 295,717
804,790 647,284
Creditors: Amounts Falling Due Within One Year 8 (605,628 ) (559,057 )
NET CURRENT ASSETS (LIABILITIES) 199,162 88,227
TOTAL ASSETS LESS CURRENT LIABILITIES 488,524 375,025
Creditors: Amounts Falling Due After More Than One Year 9 (62,051 ) (97,304 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (71,099 ) (53,399 )
NET ASSETS 355,374 224,322
CAPITAL AND RESERVES
Called up share capital 11 105 105
Profit and Loss Account 355,269 224,217
SHAREHOLDERS' FUNDS 355,374 224,322
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Scott
Director
17/10/2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Total Body Shop Repairs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10703123 . The registered office is Unit 4, 65 Sienna White Hart Avenue, London, SE28 0GW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold NIL
Plant & Machinery 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 18)
22 18
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 9,971 223,505 123,180 76,361
Additions - 39,402 - 7,911
Disposals - (6,767 ) - -
As at 30 April 2024 9,971 256,140 123,180 84,272
Depreciation
As at 1 May 2023 - 109,882 18,478 27,811
Provided during the period 997 22,091 15,706 8,471
Disposals - (1,015 ) - -
As at 30 April 2024 997 130,958 34,184 36,282
Net Book Value
As at 30 April 2024 8,974 125,182 88,996 47,990
As at 1 May 2023 9,971 113,623 104,702 48,550
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 May 2023 14,508 447,525
Additions 5,642 52,955
Disposals - (6,767 )
As at 30 April 2024 20,150 493,713
Depreciation
As at 1 May 2023 4,556 160,727
Provided during the period 2,341 49,606
Disposals - (1,015 )
As at 30 April 2024 6,897 209,318
Net Book Value
As at 30 April 2024 13,253 284,395
As at 1 May 2023 9,952 286,798
5. Investments
Other
£
Cost
As at 1 May 2023 -
Additions 4,967
As at 30 April 2024 4,967
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 4,967
As at 1 May 2023 -
6. Stocks
2024 2023
£ £
Work in progress 29,420 223,658
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Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 208,649 81,034
Other debtors 46,875 46,875
Inter-company account 210,000 -
Director's loan account 72 -
465,596 127,909
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,800 28,051
Trade creditors 119,282 124,352
Bank loans and overdrafts 6,250 6,250
Corporation tax 143,232 75,105
Other taxes and social security 38,858 55,939
VAT 166,475 83,665
Other creditors 99,387 29,745
Inter company account 6,344 8,660
Director's loan account - 147,290
605,628 559,057
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,530 65,533
Bank loans 25,521 31,771
62,051 97,304
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,800 28,051
Later than one year and not later than five years 36,530 65,533
62,330 93,584
62,330 93,584
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
12. Related Party Transactions
Included in the Other Debtors is an amount owed from Mushers Garage Ltd totalling £120,000 (2023 - £0), for which Mr S Lazell is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from Capital Taxis Ltd totalling 90,000 (2023 - £0), for which Mr S Lazell is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from the company directors totalling £72 (2023 - £147,290 Creditor), no interest is to be charged.
Included in the Other Creditors is an amount owed to TBS Courtesy Ltd totalling £6,344 (2023 - £8,660), for which Mr P Scott is a director. No interest is to be charged and no repayment terms have been agreed.
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