Hull Accident Repair Centre Ltd Filleted Accounts Cover
Hull Accident Repair Centre Ltd
Company No. 11222569
Information for Filing with The Registrar
28 February 2023
Hull Accident Repair Centre Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was Maintenance and repair of motor vehicles.
Directors
The Directors who served at any time during the year were as follows:
J. Webb
S. Webb
(Resigned 22 December 2023)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S. Webb
Director
12 November 2024
Hull Accident Repair Centre Ltd Balance Sheet Registrar
at
28 February 2023
Company No.
11222569
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
6,5265,380
6,5265,380
Current assets
Debtors
5
9,9819,881
Cash at bank and in hand
1,627773
11,60810,654
Creditors: Amount falling due within one year
6
(10,204)
(8,588)
Net current assets
1,4042,066
Total assets less current liabilities
7,9307,446
Net assets
7,9307,446
Capital and reserves
Called up share capital
1001
Profit and loss account
8
7,8307,445
Total equity
7,9307,446
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 November 2024 and signed on its behalf by:
S. Webb
Director
12 November 2024
Hull Accident Repair Centre Ltd Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Hull Accident Repair Centre Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11222569
Its registered office is:
70 Wright Street
Hull
HU2 8JD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
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 profit and loss account 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
42
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 March 2022
10,32510,325
Additions
2,7782,778
At 28 February 2023
13,10313,103
Depreciation
At 1 March 2022
4,9454,945
Charge for the year
1,6321,632
At 28 February 2023
6,5776,577
Net book values
At 28 February 2023
6,5266,526
At 28 February 2022
5,380
5,380
5
Debtors
2023
2022
£
£
Other debtors
9,9819,881
9,9819,881
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-
(10)
Other loans
2,020-
Taxes and social security
599
544
Loans from directors
6,9978,054
Yorkshire engines Intercompany loan
588-
10,2048,588
7
Share Capital
100 Ordinary Shares
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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