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REGISTERED NUMBER: 10954497 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Formby Car Body Repairs Ltd

Formby Car Body Repairs Ltd (Registered number: 10954497)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Formby Car Body Repairs Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: C J Richardson





REGISTERED OFFICE: Units 6 & 7 Formby Business Park
Altcar Road
Formby
Merseyside
L37 8EG





REGISTERED NUMBER: 10954497 (England and Wales)





ACCOUNTANTS: JKS Accountants Limited
10 Duke Street
Liverpool
Merseyside
L1 5AS

Formby Car Body Repairs Ltd (Registered number: 10954497)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,234 131,788

CURRENT ASSETS
Stocks 144,472 197,066
Debtors 5 1,030,036 533,259
Cash at bank and in hand 93,384 311,365
1,267,892 1,041,690
CREDITORS
Amounts falling due within one year 6 383,722 338,902
NET CURRENT ASSETS 884,170 702,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,404

834,576

CREDITORS
Amounts falling due after more than one
year

7

6,667

16,667
NET ASSETS 1,053,737 817,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,053,637 817,809
1,053,737 817,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Formby Car Body Repairs Ltd (Registered number: 10954497)

Balance Sheet - continued
30 September 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 27 March 2025 and were signed by:





C J Richardson - Director


Formby Car Body Repairs Ltd (Registered number: 10954497)

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

1. STATUTORY INFORMATION

Formby Car Body Repairs Ltd 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.

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

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.

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.

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 11 (2023 - 8 ) .

Formby Car Body Repairs Ltd (Registered number: 10954497)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 222,775
Additions 103,191
At 30 September 2024 325,966
DEPRECIATION
At 1 October 2023 90,987
Charge for year 58,745
At 30 September 2024 149,732
NET BOOK VALUE
At 30 September 2024 176,234
At 30 September 2023 131,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 391,756 407,027
Other debtors 638,280 126,232
1,030,036 533,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,513
Trade creditors 115,335 81,736
Taxation and social security 225,222 138,253
Other creditors 33,165 108,400
383,722 338,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 16,667