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REGISTERED NUMBER: 04479600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: D J Gardiner
P M Staples





REGISTERED OFFICE: Unit 10 Browning Road
Station Road Industrial Estate
Heathfield
East Sussex
TN21 8DB





REGISTERED NUMBER: 04479600 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,645 58,980

CURRENT ASSETS
Stocks 156,250 314,665
Debtors 5 780,054 521,983
Cash at bank 5,913 6,113
942,217 842,761
CREDITORS
Amounts falling due within one year 6 972,994 821,757
NET CURRENT (LIABILITIES)/ASSETS (30,777 ) 21,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,868

79,984

CREDITORS
Amounts falling due after more than one
year

7

24,640

78,838
NET ASSETS 1,228 1,146

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 228 146
SHAREHOLDERS' FUNDS 1,228 1,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

BALANCE SHEET - continued
31 JULY 2024


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 10 March 2025 and were signed on its behalf by:




P M Staples - Director



D J Gardiner - Director


CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Crowborough Accident Repair Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on 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.

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 14 (2023 - 14 ) .

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,582 320,464 322,046
Additions - 4,963 4,963
At 31 July 2024 1,582 325,427 327,009
DEPRECIATION
At 1 August 2023 1,582 261,484 263,066
Charge for year - 7,298 7,298
At 31 July 2024 1,582 268,782 270,364
NET BOOK VALUE
At 31 July 2024 - 56,645 56,645
At 31 July 2023 - 58,980 58,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 774,304 516,233
Other debtors 5,750 5,750
780,054 521,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 185,082 142,027
Factoring account 497,629 475,009
Trade creditors 39,672 58,942
Taxation and social security 246,876 141,456
Other creditors 3,735 4,323
972,994 821,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,640 78,838

CROWBOROUGH ACCIDENT REPAIR SERVICES
LIMITED (REGISTERED NUMBER: 04479600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 119,213 72,651
Amounts due to factors 497,629 475,009
616,842 547,660

Amounts due to factors are secured against the trade debtors. The bank overdraft is guaranteed by assets of the company and guaranteed by the Directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is a loan to the directors, which has no fixed term for repayment.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. Each director owns 50% of the issued share capital.