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REGISTERED NUMBER: 09741383 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

A&B Auto Paint Panel Repairs Limited

A&B Auto Paint Panel Repairs Limited (Registered number: 09741383)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

A&B Auto Paint Panel Repairs Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Bruno Apollonio





REGISTERED OFFICE: 395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside





REGISTERED NUMBER: 09741383 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

A&B Auto Paint Panel Repairs Limited (Registered number: 09741383)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,903 14,536

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 5 10,139 11,000
Cash at bank 1,209 16,164
20,348 36,164
CREDITORS
Amounts falling due within one year 6 28,832 38,314
NET CURRENT LIABILITIES (8,484 ) (2,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,419

12,386

PROVISIONS FOR LIABILITIES 2,071 2,762
NET ASSETS 348 9,624

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 347 9,623
SHAREHOLDERS' FUNDS 348 9,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2025 and were signed by:



Mr Bruno Apollonio - Director


A&B Auto Paint Panel Repairs Limited (Registered number: 09741383)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

A&B Auto Paint Panel 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A&B Auto Paint Panel Repairs Limited (Registered number: 09741383)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 6,180 15,000 30,571 375 52,126
DEPRECIATION
At 1 September 2023 5,132 6,563 25,570 325 37,590
Charge for year 262 2,109 1,250 12 3,633
At 31 August 2024 5,394 8,672 26,820 337 41,223
NET BOOK VALUE
At 31 August 2024 786 6,328 3,751 38 10,903
At 31 August 2023 1,048 8,437 5,001 50 14,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,300 11,000
Directors' current accounts 7,839 -
10,139 11,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans 13,508 20,988
Trade creditors 4,784 2,915
Tax 7,202 10,446
Social security and other taxes 2,336 1,327
VAT 973 1,947
Other creditors - 663
Pensions 29 28
28,832 38,314

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr Bruno Apollonio
Balance outstanding at start of year 1 (1,328 )
Amounts advanced 46,941 48,250
Amounts repaid (39,103 ) (46,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,839 1

A&B Auto Paint Panel Repairs Limited

Report of the Accountants to the Director of
A&B Auto Paint Panel Repairs Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


29 May 2025