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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
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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
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Smart Repair Scotland Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
173,068 
149,165 
Current assets
Inventories
6,500 
- 
Debtors
117,471 
66,846 
Cash at bank and in hand
35,096 
10,863 
159,067 
77,709 
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 
Capital and reserves
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
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Smart Repair Scotland Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 April 2024
140,198 
31,486 
1,384 
173,068 
At 30 April 2023
105,339 
41,981 
1,845 
149,165 
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Smart Repair Scotland Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
117,471 
66,846 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,250 
4,250 
VAT
16,799 
11,558 
Obligations under finance leases and hire purchase contracts
9,719 
9,719 
Trade creditors
1,720 
289 
Taxes and social security
33,635 
21,210 
Other creditors
1,457 
8,900 
Loans from directors
- 
4 
67,580 
55,930 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,021 
10,271 
Obligations under finance leases and hire purchase contracts
13,306 
23,568 
19,327 
33,839 
8
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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