2023-02-012024-01-312024-01-31false12552231Exclusive Repair Network Ltd2024-10-2345200iso4217:GBPxbrli:pure125522312023-02-01125522312024-01-31125522312023-02-012024-01-31125522312022-02-01125522312023-01-31125522312022-02-012023-01-3112552231bus:SmallEntities2023-02-012024-01-3112552231bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112552231bus:FullAccounts2023-02-012024-01-3112552231bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112552231core:WithinOneYear2024-01-3112552231core:AfterOneYear2024-01-3112552231core:WithinOneYear2023-01-3112552231core:AfterOneYear2023-01-3112552231core:ShareCapital2024-01-3112552231core:SharePremium2024-01-3112552231core:RevaluationReserve2024-01-3112552231core:OtherReservesSubtotal2024-01-3112552231core:RetainedEarningsAccumulatedLosses2024-01-3112552231core:ShareCapital2023-01-3112552231core:SharePremium2023-01-3112552231core:RevaluationReserve2023-01-3112552231core:OtherReservesSubtotal2023-01-3112552231core:RetainedEarningsAccumulatedLosses2023-01-3112552231core:LandBuildings2024-01-3112552231core:PlantMachinery2024-01-3112552231core:Vehicles2024-01-3112552231core:FurnitureFittings2024-01-3112552231core:OfficeEquipment2024-01-3112552231core:NetGoodwill2024-01-3112552231core:IntangibleAssetsOtherThanGoodwill2024-01-3112552231core:ListedExchangeTraded2024-01-3112552231core:UnlistedNon-exchangeTraded2024-01-3112552231core:LandBuildings2023-01-3112552231core:PlantMachinery2023-01-3112552231core:Vehicles2023-01-3112552231core:FurnitureFittings2023-01-3112552231core:OfficeEquipment2023-01-3112552231core:NetGoodwill2023-01-3112552231core:IntangibleAssetsOtherThanGoodwill2023-01-3112552231core:ListedExchangeTraded2023-01-3112552231core:UnlistedNon-exchangeTraded2023-01-3112552231core:LandBuildings2023-02-012024-01-3112552231core:PlantMachinery2023-02-012024-01-3112552231core:Vehicles2023-02-012024-01-3112552231core:FurnitureFittings2023-02-012024-01-3112552231core:OfficeEquipment2023-02-012024-01-3112552231core:NetGoodwill2023-02-012024-01-3112552231core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112552231core:ListedExchangeTraded2023-02-012024-01-3112552231core:UnlistedNon-exchangeTraded2023-02-012024-01-3112552231core:MoreThanFiveYears2023-02-012024-01-3112552231core:Non-currentFinancialInstruments2024-01-3112552231core:Non-currentFinancialInstruments2023-01-3112552231dpl:CostSales2023-02-012024-01-3112552231dpl:DistributionCosts2023-02-012024-01-3112552231core:LandBuildings2023-02-012024-01-3112552231core:PlantMachinery2023-02-012024-01-3112552231core:Vehicles2023-02-012024-01-3112552231core:FurnitureFittings2023-02-012024-01-3112552231core:OfficeEquipment2023-02-012024-01-3112552231dpl:AdministrativeExpenses2023-02-012024-01-3112552231core:NetGoodwill2023-02-012024-01-3112552231core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112552231dpl:GroupUndertakings2023-02-012024-01-3112552231dpl:ParticipatingInterests2023-02-012024-01-3112552231dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112552231core:ListedExchangeTraded2023-02-012024-01-3112552231dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112552231core:UnlistedNon-exchangeTraded2023-02-012024-01-3112552231dpl:CostSales2022-02-012023-01-3112552231dpl:DistributionCosts2022-02-012023-01-3112552231core:LandBuildings2022-02-012023-01-3112552231core:PlantMachinery2022-02-012023-01-3112552231core:Vehicles2022-02-012023-01-3112552231core:FurnitureFittings2022-02-012023-01-3112552231core:OfficeEquipment2022-02-012023-01-3112552231dpl:AdministrativeExpenses2022-02-012023-01-3112552231core:NetGoodwill2022-02-012023-01-3112552231core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112552231dpl:GroupUndertakings2022-02-012023-01-3112552231dpl:ParticipatingInterests2022-02-012023-01-3112552231dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112552231core:ListedExchangeTraded2022-02-012023-01-3112552231dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112552231core:UnlistedNon-exchangeTraded2022-02-012023-01-3112552231core:NetGoodwill2024-01-3112552231core:IntangibleAssetsOtherThanGoodwill2024-01-3112552231core:LandBuildings2024-01-3112552231core:PlantMachinery2024-01-3112552231core:Vehicles2024-01-3112552231core:FurnitureFittings2024-01-3112552231core:OfficeEquipment2024-01-3112552231core:AfterOneYear2024-01-3112552231core:WithinOneYear2024-01-3112552231core:ListedExchangeTraded2024-01-3112552231core:UnlistedNon-exchangeTraded2024-01-3112552231core:ShareCapital2024-01-3112552231core:SharePremium2024-01-3112552231core:RevaluationReserve2024-01-3112552231core:OtherReservesSubtotal2024-01-3112552231core:RetainedEarningsAccumulatedLosses2024-01-3112552231core:NetGoodwill2023-01-3112552231core:IntangibleAssetsOtherThanGoodwill2023-01-3112552231core:LandBuildings2023-01-3112552231core:PlantMachinery2023-01-3112552231core:Vehicles2023-01-3112552231core:FurnitureFittings2023-01-3112552231core:OfficeEquipment2023-01-3112552231core:AfterOneYear2023-01-3112552231core:WithinOneYear2023-01-3112552231core:ListedExchangeTraded2023-01-3112552231core:UnlistedNon-exchangeTraded2023-01-3112552231core:ShareCapital2023-01-3112552231core:SharePremium2023-01-3112552231core:RevaluationReserve2023-01-3112552231core:OtherReservesSubtotal2023-01-3112552231core:RetainedEarningsAccumulatedLosses2023-01-3112552231core:NetGoodwill2022-02-0112552231core:IntangibleAssetsOtherThanGoodwill2022-02-0112552231core:LandBuildings2022-02-0112552231core:PlantMachinery2022-02-0112552231core:Vehicles2022-02-0112552231core:FurnitureFittings2022-02-0112552231core:OfficeEquipment2022-02-0112552231core:AfterOneYear2022-02-0112552231core:WithinOneYear2022-02-0112552231core:ListedExchangeTraded2022-02-0112552231core:UnlistedNon-exchangeTraded2022-02-0112552231core:ShareCapital2022-02-0112552231core:SharePremium2022-02-0112552231core:RevaluationReserve2022-02-0112552231core:OtherReservesSubtotal2022-02-0112552231core:RetainedEarningsAccumulatedLosses2022-02-0112552231core:AfterOneYear2023-02-012024-01-3112552231core:WithinOneYear2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112552231core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3112552231core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3112552231core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3112552231core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3112552231core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3112552231bus:Director12023-02-012024-01-3112552231bus:Director22023-02-012024-01-3112552231bus:Director32023-02-012024-01-31

Exclusive Repair Network Ltd

Registered Number
12552231
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Exclusive Repair Network Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Doyle, Andrew Mark
Green, Jordan
Healer, Debra

Registered Address

St George's House
56 Peter Street
Manchester
M2 3NQ

Registered Number

12552231 (England and Wales)
Exclusive Repair Network Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3360-
Tangible assets42,1043,292
2,4643,292
Current assets
Debtors51,400,089449,091
Cash at bank and on hand3,527944
1,403,616450,035
Creditors amounts falling due within one year6(1,230,899)(413,235)
Net current assets (liabilities)172,71736,800
Total assets less current liabilities175,18140,092
Net assets175,18140,092
Capital and reserves
Called up share capital402402
Profit and loss account174,77939,690
Shareholders' funds175,18140,092
The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2024, and are signed on its behalf by:
Green, Jordan
Director
Registered Company No. 12552231
Exclusive Repair Network Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.
2.Average number of employees

20242023
Average number of employees during the year279
3.Intangible assets

Other

Total

££
Cost or valuation
Additions450450
At 31 January 24450450
Amortisation and impairment
Charge for year9090
At 31 January 249090
Net book value
At 31 January 24360360
At 31 January 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 234,7514,751
At 31 January 244,7514,751
Depreciation and impairment
At 01 February 231,4591,459
Charge for year1,1881,188
At 31 January 242,6472,647
Net book value
At 31 January 242,1042,104
At 31 January 233,2923,292
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,008,628335,019
Amounts owed by group undertakings355,43579,117
Other debtors36,02626,757
Prepayments and accrued income-8,198
Total1,400,089449,091
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables80,157219,203
Amounts owed to related parties50,674-
Taxation and social security204,604129,179
Other creditors473,1841,853
Accrued liabilities and deferred income422,28063,000
Total1,230,899413,235