2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,500 650 300 950 550 850 xbrli:pure xbrli:shares iso4217:GBP 12220510 2023-10-01 2024-09-30 12220510 2024-09-30 12220510 2023-09-30 12220510 2022-10-01 2023-09-30 12220510 2023-09-30 12220510 2022-09-30 12220510 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 12220510 core:MotorVehicles 2023-10-01 2024-09-30 12220510 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12220510 bus:Director1 2023-10-01 2024-09-30 12220510 core:WithinOneYear 2024-09-30 12220510 core:WithinOneYear 2023-09-30 12220510 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12220510 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12220510 core:ShareCapital 2024-09-30 12220510 core:ShareCapital 2023-09-30 12220510 core:RetainedEarningsAccumulatedLosses 2024-09-30 12220510 core:RetainedEarningsAccumulatedLosses 2023-09-30 12220510 core:BetweenOneFiveYears 2024-09-30 12220510 core:BetweenOneFiveYears 2023-09-30 12220510 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12220510 bus:SmallEntities 2023-10-01 2024-09-30 12220510 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12220510 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12220510 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12220510 bus:FullAccounts 2023-10-01 2024-09-30 12220510 bus:OrdinaryShareClass1 2024-09-30 12220510 bus:OrdinaryShareClass1 2023-09-30
COMPANY REGISTRATION NUMBER: 12220510
Mobile Windscreen Repair and Replacement Limited
Filleted Unaudited Financial Statements
30 September 2024
Mobile Windscreen Repair and Replacement Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
550
850
Tangible assets
6
1,635
1,141
-------
-------
2,185
1,991
Current assets
Debtors
7
5,407
3,535
Cash at bank and in hand
23,290
20,427
--------
--------
28,697
23,962
Creditors: amounts falling due within one year
8
23,932
25,576
--------
--------
Net current assets/(liabilities)
4,765
( 1,614)
-------
-------
Total assets less current liabilities
6,950
377
-------
----
Net assets
6,950
377
-------
----
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
6,949
376
-------
----
Shareholders funds
6,950
377
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mobile Windscreen Repair and Replacement Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
Mr D Cooper
Director
Company registration number: 12220510
Mobile Windscreen Repair and Replacement Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25 % straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Development costs
£
Cost
At 1 October 2023 and 30 September 2024
1,500
-------
Amortisation
At 1 October 2023
650
Charge for the year
300
-------
At 30 September 2024
950
-------
Carrying amount
At 30 September 2024
550
-------
At 30 September 2023
850
-------
6. Tangible assets
Equipment
£
Cost
At 1 October 2023
2,386
Additions
940
-------
At 30 September 2024
3,326
-------
Depreciation
At 1 October 2023
1,245
Charge for the year
446
-------
At 30 September 2024
1,691
-------
Carrying amount
At 30 September 2024
1,635
-------
At 30 September 2023
1,141
-------
7. Debtors
2024
2023
£
£
Trade debtors
3,708
1,836
Other debtors
1,699
1,699
-------
-------
5,407
3,535
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
7,225
8,447
Corporation tax
1,764
1,209
Social security and other taxes
56
2,163
Director loan accounts
13,224
11,168
Other creditors
1,663
2,589
--------
--------
23,932
25,576
--------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
10,663
10,663
Later than 1 year and not later than 5 years
22,114
32,777
--------
--------
32,777
43,440
--------
--------
11. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Directors Loan Account
(2,056)
12,880
( 13,224)
( 11,168)
-------
--------
--------
--------