Registered number
04258558
Manning & Boyce Accident Repairs Limited
Unaudited Filleted Accounts
30 September 2024
Manning & Boyce Accident Repairs Limited
Registered number: 04258558
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 295,789 305,013
Current assets
Debtors 4 62,168 262,503
Cash at bank and in hand 149,271 92,429
211,439 354,932
Creditors: amounts falling due within one year 5 (114,672) (261,164)
Net current assets 96,767 93,768
Net assets 392,556 398,781
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 352,556 358,781
Shareholders' funds 392,556 398,781
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Cheshire
Director
Approved by the board on 9 June 2025
Manning & Boyce Accident Repairs Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 October 2023 432,450 53,975 486,425
At 30 September 2024 432,450 53,975 486,425
Depreciation
At 1 October 2023 129,735 51,677 181,412
Charge for the year 8,649 575 9,224
At 30 September 2024 138,384 52,252 190,636
Net book value
At 30 September 2024 294,066 1,723 295,789
At 30 September 2023 302,715 2,298 305,013
4 Debtors 2024 2023
£ £
Trade debtors 62,168 262,503
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 604 57,232
Taxation and social security costs 31,072 62,434
Other creditors 82,996 141,498
114,672 261,164
6 Other information
Manning & Boyce Accident Repairs Limited is a private company limited by shares and incorporated in England. Its registered office is 51 South Street, Isleworth, TW7 7AA.
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