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REGISTERED NUMBER: 04230345 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Streamline Accident Repair Centre
Limited

Streamline Accident Repair Centre
Limited (Registered number: 04230345)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Streamline Accident Repair Centre
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M A Michael





REGISTERED OFFICE: 10-12 Dalston Gardens
Stanmore
Middlesex
HA7 1BU





REGISTERED NUMBER: 04230345 (England and Wales)






Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,887,818 1,901,645

CURRENT ASSETS
Stocks 5 237,819 236,117
Debtors 6 275,391 93,050
Cash at bank and in hand 955,044 1,189,753
1,468,254 1,518,920
CREDITORS
Amounts falling due within one year 7 552,960 603,553
NET CURRENT ASSETS 915,294 915,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,803,112

2,817,012

CREDITORS
Amounts falling due after more than
one year

8

(753,524

)

(897,570

)

PROVISIONS FOR LIABILITIES (1,138 ) (1,138 )
NET ASSETS 2,048,450 1,918,304

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,048,350 1,918,204
SHAREHOLDERS' FUNDS 2,048,450 1,918,304

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 director acknowledges his 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.

Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Statement of Financial Position - continued
30 June 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 director and authorised for issue on 20 March 2025 and were signed by:





M A Michael - Director


Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Streamline Accident Repair Centre 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 or, if held under a finance lease, over the lease term, whichever is the shorter.



Improvements to property
Over the term of the
lease
Plant and machinery25% on reducing balance
Fixtures and fittings25% on reducing balance
Motor Vehicles25% on reducing balance
Computer equipment33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.


Streamline Accident Repair Centre
Limited (Registered number: 04230345)

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 statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 30 (2023 - 28 ) .

Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 1,798,657 168,337 190,105
Additions - - 3,353
At 30 June 2024 1,798,657 168,337 193,458
DEPRECIATION
At 1 July 2023 - 116,688 138,766
Charge for year - 5,165 13,673
At 30 June 2024 - 121,853 152,439
NET BOOK VALUE
At 30 June 2024 1,798,657 46,484 41,019
At 30 June 2023 1,798,657 51,649 51,339

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,189 3,583 62,703 2,224,574
Additions 915 - 1,450 5,718
At 30 June 2024 2,104 3,583 64,153 2,230,292
DEPRECIATION
At 1 July 2023 1,189 3,583 62,703 322,929
Charge for year 229 478 - 19,545
At 30 June 2024 1,418 4,061 62,703 342,474
NET BOOK VALUE
At 30 June 2024 686 (478 ) 1,450 1,887,818
At 30 June 2023 - - - 1,901,645

Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 94,304
DEPRECIATION
At 1 July 2023
and 30 June 2024 94,304
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. STOCKS
30.6.24 30.6.23
£    £   
Work-in-progress 237,819 236,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 251,452 93,050
Prepayments 23,939 -
275,391 93,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 120,042 98,186
Trade creditors 239,881 169,325
Tax 64,240 60,896
Social security and other taxes 31,816 29,883
Pensions 8,536 16,478
VAT 87,602 13,298
Other creditors - 208,528
Net wages control account - 6,000
Directors' current accounts 843 959
552,960 603,553

Streamline Accident Repair Centre
Limited (Registered number: 04230345)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 753,524 897,570

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 1,918,204
Profit for the year 195,146
Dividends (65,000 )
At 30 June 2024 2,048,350

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Michael.