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REGISTERED NUMBER: 02719277 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

M & S ACCIDENT REPAIRS LIMITED

M & S ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 02719277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & S ACCIDENT REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: M Elliott





REGISTERED OFFICE: The Barn
Groveley Road
Feltham
Middlesex
TW13 4PJ





REGISTERED NUMBER: 02719277 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

M & S ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 02719277)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 309,424 328,389

CURRENT ASSETS
Stocks 5 74,669 77,076
Debtors 6 387,545 388,512
Cash at bank and in hand 392,908 362,686
855,122 828,274
CREDITORS
Amounts falling due within one year 7 587,950 575,171
NET CURRENT ASSETS 267,172 253,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,596

581,492

CREDITORS
Amounts falling due after more than one year 8 (10,506 ) (39,958 )

PROVISIONS FOR LIABILITIES (25,685 ) (17,920 )
NET ASSETS 540,405 523,614

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Revaluation reserve 10 82,422 82,422
Capital redemption reserve 10 5,001 5,001
Retained earnings 10 451,981 435,190
SHAREHOLDERS' FUNDS 540,405 523,614

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

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

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 May 2025 and were signed by:





M Elliott - Director


M & S ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 02719277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

M & S Accident Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 20% reducing balance
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance

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

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

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.

M & S ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 02719277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 725,365 275,457 876,888
Additions - 29,875 180
At 30 November 2024 725,365 305,332 877,068
DEPRECIATION
At 1 December 2023 573,853 130,486 853,215
Charge for year 30,303 32,219 4,747
At 30 November 2024 604,156 162,705 857,962
NET BOOK VALUE
At 30 November 2024 121,209 142,627 19,106
At 30 November 2023 151,512 144,971 23,673

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 4,100 21,331 1,903,141
Additions 18,912 3,110 52,077
At 30 November 2024 23,012 24,441 1,955,218
DEPRECIATION
At 1 December 2023 3,908 13,290 1,574,752
Charge for year 1,615 2,158 71,042
At 30 November 2024 5,523 15,448 1,645,794
NET BOOK VALUE
At 30 November 2024 17,489 8,993 309,424
At 30 November 2023 192 8,041 328,389

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 74,669 77,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 375,178 379,558
Other debtors 12,367 8,954
387,545 388,512

M & S ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 02719277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 9) 10,247 9,994
Trade creditors 356,933 370,970
Taxation and social security 114,783 124,953
Other creditors 105,987 69,254
587,950 575,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 9) 10,506 20,753
Other creditors - 19,205
10,506 39,958

9. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,247 9,994
Other loans 19,205 25,608
29,452 35,602

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,506 10,247
Other loans - 1-2 years - 19,205
10,506 29,452

Amounts falling due between two and five years:
Bank loans - 2-5 years - 10,506

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 December 2023 435,190 82,422 5,001 522,613
Profit for the year 41,791 41,791
Dividends (25,000 ) (25,000 )
At 30 November 2024 451,981 82,422 5,001 539,404

11. RELATED PARTY DISCLOSURES

Included within the creditors as at year end is £72,466 (2023: £35,954), an amount owed to the director of the company. The amount owed is unsecured and there are no specific terms of repayment. Interest at the rate of 7.5% per annum is charged on this loan.