Coachwork Renovations Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2024



Coachwork Renovations Limited

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Coachwork Renovations Limited

Company No. 03618252

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4398194394246
398194394246
CURRENT ASSETS
Stocks524002400
Debtors6363138429563
Cash at bank and in hand641520426523
1007058858486
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7984789990328
NET CURRENT ASSETS/(LIABILITIES)22269(131842)
TOTAL ASSETS LESS CURRENT LIABILITIES420463262404
 
Creditors: amounts falling due
after more than one year8100000-
 
NET ASSETS320463262404
 
CAPITAL AND RESERVES
Called up share capital4000040000
Retained earnings280463222404
SHAREHOLDERS FUNDS320463262404

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

Approved by the Board on 8 January 2025


F S Smith

Director

Company Number 03618252 (England)

Coachwork Renovations Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

Coachwork Renovations Limited is a private company limited by shares and registered under company number 03618252 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and 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 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 on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 47 (2023 - 45).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2023 2772575620125759845028
Additions-24435-24435
At 30th April 20242772575864475759869463
 
Depreciation
At 1st May 2023 2044942415124776450782
Charge for year12191805024620487
At 30th April 20242166852495625022471269
 
Net Book Value
At 30th April 202460572336885737398194
At 30th April 202372763320500983394246

5   Stocks20242023
££
 
Finished goods and goods for resale24002400
24002400

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors363138429563
363138429563

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts33795112351
Trade Creditors546188515502
Corporation tax1440712088
Taxes and social security costs245142244188
Other creditors492527424
Accruals and deferred income9600598775
984789990328

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts100000-
100000-

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year33795112351
Between one and five years100000-
133795112351

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
F S Smith3797379
3797379

2024-04-30false2023-05-012024-04-3003618252uk-bus:Director12023-05-012024-04-3003618252uk-gaap:ShareCapital2024-04-3003618252uk-gaap:ShareCapital2023-04-3003618252uk-gaap:RetainedEarningsAccumulatedLosses2024-04-3003618252uk-gaap:RetainedEarningsAccumulatedLosses2023-04-3003618252uk-gaap:VehiclesPlantMachinery2023-05-012024-04-3003618252uk-gaap:MotorVehicles2023-04-3003618252uk-gaap:PlantMachinery2023-04-3003618252uk-gaap:FurnitureFittingsToolsEquipment2023-04-3003618252uk-gaap:MotorVehicles2023-05-012024-04-3003618252uk-gaap:PlantMachinery2023-05-012024-04-3003618252uk-gaap:FurnitureFittingsToolsEquipment2023-05-012024-04-3003618252uk-gaap:MotorVehicles2024-04-3003618252uk-gaap:PlantMachinery2024-04-3003618252uk-gaap:FurnitureFittingsToolsEquipment2024-04-3003618252uk-gaap:WithinOneYear2024-04-3003618252uk-gaap:WithinOneYear2023-04-3003618252uk-gaap:AfterOneYear2024-04-30036182522023-05-012024-04-30036182522022-05-012023-04-30036182522024-04-30036182522023-04-3003618252uk-bus:SmallEntities2023-05-012024-04-3003618252uk-bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3003618252uk-bus:FullAccounts2023-05-012024-04-3003618252uk-bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003618252countries:EnglandWales2023-05-012024-04-3003618252uk-bus:Director112023-04-3003618252uk-bus:Director112024-04-30iso4217:GBPxbrli:purexbrli:shares