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Company Registration No. 10798516 (England and Wales)
The Independent Car Repair Centre Ltd Unaudited accounts for the year ended 30 June 2024
The Independent Car Repair Centre Ltd Unaudited accounts Contents
Page
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The Independent Car Repair Centre Ltd Company Information for the year ended 30 June 2024
Directors
Mr M Tunc Mr C Oran Mr T Molnar
Company Number
10798516 (England and Wales)
Registered Office
5 Robert Street Eastville Bristol BS5 6NJ United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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The Independent Car Repair Centre Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
179,396 
120,531 
Current assets
Debtors
212,000 
- 
Cash at bank and in hand
17,386 
329,244 
229,386 
329,244 
Creditors: amounts falling due within one year
(20,848)
(1,062)
Net current assets
208,538 
328,182 
Total assets less current liabilities
387,934 
448,713 
Creditors: amounts falling due after more than one year
(46,674)
(98,335)
Net assets
341,260 
350,378 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
341,160 
350,278 
Shareholders' funds
341,260 
350,378 
For the year ending 30 June 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 6 March 2025 and were signed on its behalf by
Mr M Tunc Director Company Registration No. 10798516
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The Independent Car Repair Centre Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
The Independent Car Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 10798516. The registered office is 5 Robert Street, Eastville, Bristol, BS5 6NJ, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
10% - Reducing balance method
Motor vehicles
6% - Reducing balance method
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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The Independent Car Repair Centre Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
- 
39,478 
82,849 
122,327 
Additions
60,000 
- 
8,089 
68,089 
At 30 June 2024
60,000 
39,478 
90,938 
190,416 
Depreciation
At 1 July 2023
- 
1,796 
- 
1,796 
Charge for the year
- 
3,768 
5,456 
9,224 
At 30 June 2024
- 
5,564 
5,456 
11,020 
Net book value
At 30 June 2024
60,000 
33,914 
85,482 
179,396 
At 30 June 2023
- 
37,682 
82,849 
120,531 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
212,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
160 
1,034 
Trade creditors
642 
- 
Taxes and social security
(12)
28 
Loans from directors
10,058 
- 
20,848 
1,062 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,486 
35,486 
Obligations under finance leases and hire purchase contracts
31,188 
62,849 
46,674 
98,335 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors is an amount of £10,058 (2023;£NIL) due to its directors. There are no terms as to interest or repayment in respect of this balance.
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The Independent Car Repair Centre Ltd Notes to the Accounts for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 4 (2023: 6).
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