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REGISTERED NUMBER: 04685928 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024

FOR

P & H BODY REPAIRS LIMITED

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


P & H BODY REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M J Pollitt
Mrs M E Pollitt





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 04685928 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
P & H BODY REPAIRS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P & H Body Repairs Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P & H Body Repairs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & H Body Repairs Limited and state those matters that we have agreed to state to the Board of Directors of P & H Body Repairs Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & H Body Repairs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & H Body Repairs Limited. You consider that P & H Body Repairs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & H Body Repairs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


25 May 2025

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 187,563 183,209
187,563 183,209

CURRENT ASSETS
Stocks 6 14,000 14,000
Debtors 7 61,676 82,402
Cash at bank and in hand 2,027 9,220
77,703 105,622
CREDITORS
Amounts falling due within one year 8 105,610 113,957
NET CURRENT LIABILITIES (27,907 ) (8,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,656

174,874

CREDITORS
Amounts falling due after more than one
year

9

(112,575

)

(130,442

)

PROVISIONS FOR LIABILITIES (4,460 ) (2,605 )
NET ASSETS 42,621 41,827

CAPITAL AND RESERVES
Called up share capital 46,102 46,102
Retained earnings (3,481 ) (4,275 )
SHAREHOLDERS' FUNDS 42,621 41,827

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





M J Pollitt - Director


P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

P & H Body Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% straight line
Plant and machinery - 25% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 109,816
AMORTISATION
At 1 July 2023
and 30 June 2024 109,816
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023 230,000 133,990 363,990
Additions - 18,782 18,782
At 30 June 2024 230,000 152,772 382,772
DEPRECIATION
At 1 July 2023 74,000 106,781 180,781
Charge for year 4,600 9,828 14,428
At 30 June 2024 78,600 116,609 195,209
NET BOOK VALUE
At 30 June 2024 151,400 36,163 187,563
At 30 June 2023 156,000 27,209 183,209

6. STOCKS
2024 2023
£    £   
Stocks 8,000 8,000
Work-in-progress 6,000 6,000
14,000 14,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,207 58,671
Other loans by the company 8,285 10,751
Prepayments and accrued income 14,184 12,980
61,676 82,402

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,635 18,009
Trade creditors 55,409 52,090
Corporation tax 3,485 9,206
Social security and other taxes 2,314 2,867
VAT 17,434 21,877
Other creditors 4,793 3,624
Directors' current accounts 385 3,294
Accrued expenses 3,155 2,990
105,610 113,957

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,635 18,696
Bank loans - 2-5 years 34,247 39,995
Bank loans more than 5 years
by instalments 59,693 71,751
112,575 130,442

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 59,693 71,751
59,693 71,751

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,882 8,941
Between one and five years 6,201 10,849
17,083 19,790

P & H BODY REPAIRS LIMITED (REGISTERED NUMBER: 04685928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 131,210 148,451

The commercial mortgage is secured by a charge over the freehold property owned by the company.
The commercial mortgage is repayable by instalments with the final repayment due to be made in 2033. Interest is being paid at a rate of 4.07% over bank base rate.

12. RELATED PARTY DISCLOSURES

During the year dividends totalling £17,400 were paid to M J Pollitt and Mrs M E Pollitt the directors of the company. (2023: £28,800).

13. ULTIMATE CONTROLLING PARTY

The controlling party is M J Pollitt by virtue of his ownership of 100% of the issued share capital of the company.