Bodycare Accident Repair Centre Limited 07358706 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of a vehicle accident and repair centre. Digita Accounts Production Advanced 6.30.9574.0 true true 07358706 2023-07-01 2024-06-30 07358706 2024-06-30 07358706 core:CurrentFinancialInstruments 2024-06-30 07358706 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07358706 core:Non-currentFinancialInstruments 2024-06-30 07358706 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 07358706 core:Goodwill 2024-06-30 07358706 core:FurnitureFittingsToolsEquipment 2024-06-30 07358706 core:MotorVehicles 2024-06-30 07358706 core:OtherPropertyPlantEquipment 2024-06-30 07358706 bus:SmallEntities 2023-07-01 2024-06-30 07358706 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07358706 bus:FullAccounts 2023-07-01 2024-06-30 07358706 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07358706 bus:RegisteredOffice 2023-07-01 2024-06-30 07358706 bus:Director3 2023-07-01 2024-06-30 07358706 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07358706 core:Goodwill 2023-07-01 2024-06-30 07358706 core:ComputerEquipment 2023-07-01 2024-06-30 07358706 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07358706 core:MotorVehicles 2023-07-01 2024-06-30 07358706 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 07358706 core:PlantMachinery 2023-07-01 2024-06-30 07358706 countries:England 2023-07-01 2024-06-30 07358706 2023-06-30 07358706 core:Goodwill 2023-06-30 07358706 core:FurnitureFittingsToolsEquipment 2023-06-30 07358706 core:MotorVehicles 2023-06-30 07358706 core:OtherPropertyPlantEquipment 2023-06-30 07358706 2022-07-01 2023-06-30 07358706 2023-06-30 07358706 core:CurrentFinancialInstruments 2023-06-30 07358706 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07358706 core:Non-currentFinancialInstruments 2023-06-30 07358706 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07358706 core:FurnitureFittingsToolsEquipment 2023-06-30 07358706 core:MotorVehicles 2023-06-30 07358706 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 07358706

Bodycare Accident Repair Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Bodycare Accident Repair Centre Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bodycare Accident Repair Centre Limited

Company Information

Director

Mr K J Owen

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Bodycare Accident Repair Centre Limited

(Registration number: 07358706)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

26,108

29,065

Current assets

 

Stocks

7

11,417

29,400

Debtors

8

66,714

79,736

Cash at bank and in hand

 

3,148

1

 

81,279

109,137

Creditors: Amounts falling due within one year

9

(78,984)

(98,310)

Net current assets

 

2,295

10,827

Total assets less current liabilities

 

28,403

39,892

Creditors: Amounts falling due after more than one year

9

(7,974)

(17,102)

Provisions for liabilities

(5,222)

(5,813)

Net assets

 

15,207

16,977

Capital and reserves

 

Called up share capital

100

100

Retained earnings

15,107

16,877

Shareholders' funds

 

15,207

16,977

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 March 2025
 

.........................................
Mr K J Owen
Director

 

Bodycare Accident Repair Centre Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Bodycare Accident Repair Centre Limited

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

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Computer equipment

33.3% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bodycare Accident Repair Centre Limited

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

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 9).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

4,852

4,326

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

20,690

20,690

At 30 June 2024

20,690

20,690

Amortisation

At 1 July 2023

20,690

20,690

At 30 June 2024

20,690

20,690

Carrying amount

At 30 June 2024

-

-

 

Bodycare Accident Repair Centre Limited

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

6

Tangible assets

Furniture fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

5,627

4,667

42,309

52,603

Additions

395

1,500

-

1,895

At 30 June 2024

6,022

6,167

42,309

54,498

Depreciation

At 1 July 2023

4,703

3,514

15,321

23,538

Charge for the year

172

632

4,048

4,852

At 30 June 2024

4,875

4,146

19,369

28,390

Carrying amount

At 30 June 2024

1,147

2,021

22,940

26,108

At 30 June 2023

924

1,153

26,988

29,065

7

Stocks

2024
£

2023
£

Work in progress

5,000

4,500

Other inventories

6,417

24,900

11,417

29,400

8

Debtors

Note

2024
£

2023
£

Trade debtors

 

34,979

48,893

Amounts owed by connected parties

24,122

-

Prepayments

 

7,613

5,843

Other debtors

 

-

25,000

 

66,714

79,736

 

Bodycare Accident Repair Centre Limited

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

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

27,056

30,602

Trade creditors

 

35,098

28,727

Amounts owed to connected parties

-

12,091

Taxation and social security

 

13,644

14,183

Accruals and deferred income

 

2,450

2,250

Other creditors

 

736

10,457

 

78,984

98,310

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

7,974

17,102

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

7,974

17,102

2024
£

2023
£

Current loans and borrowings

Bank borrowings

11,233

11,233

Bank overdrafts

15,823

19,369

27,056

30,602

11

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £95,000 (2023 - £114,000). This includes annual rental and leasing commitments of £19,000 (2023 - £19,000)