Company Registration No. SC626969 (Scotland)
Smart Repair Scotland Ltd
Unaudited accounts
for the year ended 30 April 2024
Smart Repair Scotland Ltd
Unaudited accounts
Contents
Smart Repair Scotland Ltd
Company Information
for the year ended 30 April 2024
Directors
Scott Flynn
Nikki Flynn
Company Number
SC626969 (Scotland)
Registered Office
14 Stein Street
South Queensferry
Edinburgh
EH30 9BH
Scotland
Accountants
SBS Accountancy
19 The Heathery
Dunfermline
Fife
KY11 8TS
Smart Repair Scotland Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
173,068
149,165
Cash at bank and in hand
35,096
10,863
Creditors: amounts falling due within one year
(67,580)
(55,930)
Net current assets
91,487
21,779
Total assets less current liabilities
264,555
170,944
Creditors: amounts falling due after more than one year
(19,327)
(33,839)
Provisions for liabilities
Deferred tax
(41,190)
(28,341)
Net assets
204,038
108,764
Called up share capital
2
2
Profit and loss account
204,036
108,762
Shareholders' funds
204,038
108,764
For the year ending 30 April 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 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 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 of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Scott Flynn
Director
Company Registration No. SC626969
Smart Repair Scotland Ltd
Notes to the Accounts
for the year ended 30 April 2024
Smart Repair Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC626969. The registered office is 14 Stein Street, South Queensferry, Edinburgh, EH30 9BH, Scotland.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
Reducing balance method over 4 years
Motor vehicles
Reducing balance method over 4 years
Fixtures & fittings
Reducing balance method over 4 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
134,492
73,508
1,925
209,925
Additions
72,382
-
-
72,382
At 30 April 2024
206,874
73,508
1,925
282,307
At 1 May 2023
29,153
31,527
80
60,760
Charge for the year
37,523
10,495
461
48,479
At 30 April 2024
66,676
42,022
541
109,239
At 30 April 2024
140,198
31,486
1,384
173,068
At 30 April 2023
105,339
41,981
1,845
149,165
Smart Repair Scotland Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
61,170
59,562
Accrued income and prepayments
697
1,075
Other debtors
55,604
6,209
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,250
4,250
Obligations under finance leases and hire purchase contracts
9,719
9,719
Taxes and social security
33,635
21,210
Other creditors
1,457
8,900
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,306
23,568
8
Average number of employees
During the year the average number of employees was 2 (2023: 4).