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Registered number: 15022331

Finesse Auto Body Centre Ltd

ACCOUNTS
FOR THE 374 DAY PERIOD ENDED 31/07/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Finesse Auto Body Centre Ltd

ACCOUNTS
FOR THE 374 DAY PERIOD ENDED 31/07/2024
DIRECTORS
Martin John Holmes
Gareth Unwin
REGISTERED OFFICE
Unit 4
The Old Abbatoir Heath Road
Skegness
Lincs
PE25 3ST
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 15022331
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Finesse Auto Body Centre Ltd

ACCOUNTS
FOR THE374 DAY PERIODENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Finesse Auto Body Centre Ltd

BALANCE SHEET AT 31/07/2024
2024
Notes£
FIXED ASSETS
Tangible assets349,128
CURRENT ASSETS
Stock4,600
Debtors5480
Cash at bank and in hand1,368
6,448
CREDITORS: Amounts falling due within one year6186,835
NET CURRENT LIABILITIES(180,387)
TOTAL ASSETS LESS CURRENT LIABILITIES(131,259)
CAPITAL AND RESERVES
Called up share capital7100
Profit and loss account(131,359)
SHAREHOLDERS' FUNDS(131,259)
For the year ending 31/07/2024 the company was entitled to exemption 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 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/01/2025 and signed on their behalf by
.............................
Martin John Holmes
Director

Finesse Auto Body Centre Ltd

NOTES TO THE ACCOUNTS
FOR THE 374 DAY PERIOD ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have not been prepared on the going concern basis.This may not be appropriate as the deficit on the assets was £131,259 for the period ended 31.07.2024, however the directors will continue to support the company.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2024
No.No.
Average number of employees5

Finesse Auto Body Centre Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
Additions56,1369,36865,504
At 31/07/202456,1369,36865,504
Depreciation
For the 374 day period14,0342,34216,376
At 31/07/202414,0342,34216,376
Net Book Amounts
At 31/07/202442,1027,02649,128
4. STOCK 2024
£
Stock comprises:
Stock4,600
4,600
5. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors480
480
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
VAT1,047
PAYE control1,738
G Unwin Dir C/Ac69,213
M Holmes Dir C/Ac56,938
Trade creditors56,829
Accruals1,070
186,835

Finesse Auto Body Centre Ltd

7. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100
New shares issued during period:
100 Ordinary shares of £1 each100
100