Company registration number 12123552 (England and Wales)
S.M.A.R.T REPAIR HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
S.M.A.R.T REPAIR HOLDINGS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
S.M.A.R.T REPAIR HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,142,865
1,157,372
Investments
4
2,787,870
2,787,870
3,930,735
3,945,242
Current assets
Debtors
5
26,381
-
0
Cash at bank and in hand
16,886
32,733
43,267
32,733
Creditors: amounts falling due within one year
6
(1,114,732)
(576,409)
Net current liabilities
(1,071,465)
(543,676)
Total assets less current liabilities
2,859,270
3,401,566
Creditors: amounts falling due after more than one year
7
(624,746)
(698,303)
Deferred income
(5,100)
(5,300)
Net assets
2,229,424
2,697,963
Capital and reserves
Called up share capital
8
2,600,000
2,600,000
Profit and loss reserves
(370,576)
97,963
Total equity
2,229,424
2,697,963
S.M.A.R.T REPAIR HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2024 and are signed on its behalf by:
D T Besau
Director
Company registration number 12123552 (England and Wales)
S.M.A.R.T REPAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

S.M.A.R.T Repair Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Falcon House, Weaver Street, Leeds, West Yorkshire, LS4 2AU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised upon the provision of services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Enter depreciation rate via StatDB - cd74
Plant and equipment
15% reducing balance
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

S.M.A.R.T REPAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
1,159,409
24,650
1,184,059
Depreciation and impairment
At 1 May 2023
22,989
3,698
26,687
Depreciation charged in the year
11,364
3,143
14,507
At 30 April 2024
34,353
6,841
41,194
Carrying amount
At 30 April 2024
1,125,056
17,809
1,142,865
At 30 April 2023
1,136,420
20,952
1,157,372
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,787,870
2,787,870
S.M.A.R.T REPAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,999
-
0
Other debtors
14,382
-
0
26,381
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,614
-
0
Amounts owed to group undertakings
1,095,403
544,835
Corporation tax
-
0
16,318
Other taxation and social security
-
0
7,679
Other creditors
4,215
3,481
Accruals and deferred income
5,500
4,096
1,114,732
576,409
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
624,746
698,303
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,600,000
2,600,000
2,600,000
2,600,000
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