Company Registration No. 12394828 (England and Wales)
A1 REPAIR LTD
Unaudited accounts
for the year ended 31 January 2024
A1 REPAIR LTD
Unaudited accounts
Contents
A1 REPAIR LTD
Company Information
for the year ended 31 January 2024
Company Number
12394828 (England and Wales)
Registered Office
UNIT 7 TILING LANE
EAST LANE BUSINESS PARK
WEMBLEY
HA9 7NQ
ENGLAND
A1 REPAIR LTD
Statement of financial position
as at 31 January 2024
Tangible assets
49,019
40,519
Inventories
573,800
45,600
Cash at bank and in hand
39,515
13,016
Creditors: amounts falling due within one year
(671,499)
(70,941)
Net current (liabilities)/assets
(1,606)
8,137
Total assets less current liabilities
47,413
48,656
Creditors: amounts falling due after more than one year
(11,176)
(23,174)
Profit and loss account
36,236
25,481
Shareholders' funds
36,237
25,482
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
ALBAROUDI, Mezhr
Director
Company Registration No. 12394828
A1 REPAIR LTD
Notes to the Accounts
for the year ended 31 January 2024
A1 REPAIR LTD is a private company, limited by shares, registered in England and Wales, registration number 12394828. The registered office is UNIT 7 TILING LANE, EAST LANE BUSINESS PARK, WEMBLEY, HA9 7NQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Charge for the year
11,500
A1 REPAIR LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
35,251
12,322
Accrued income and prepayments
21,327
8,140
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,998
11,874
Trade creditors
6,685
15,113
Taxes and social security
1,010
688
Other creditors
588,682
43,000
Loans from directors
43,000
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).