Company Registration No. 11729351 (England and Wales)
Gosport Automotive Accident Repair Centre Ltd
Unaudited accounts
for the year ended 31 December 2024
Gosport Automotive Accident Repair Centre Ltd
Unaudited accounts
Contents
Gosport Automotive Accident Repair Centre Ltd
Company Information
for the year ended 31 December 2024
Company Number
11729351 (England and Wales)
Registered Office
UNIT 16
Toronto Place
Gosport
Hampshire
PO12 4UZ
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Gosport Automotive Accident Repair Centre Ltd
Accountants' report
Accountants' report to the director of Gosport Automotive Accident Repair Centre Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gosport Automotive Accident Repair Centre Ltd for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gosport Automotive Accident Repair Centre Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gosport Automotive Accident Repair Centre Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gosport Automotive Accident Repair Centre Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gosport Automotive Accident Repair Centre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gosport Automotive Accident Repair Centre Ltd. You consider that Gosport Automotive Accident Repair Centre Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gosport Automotive Accident Repair Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
22 May 2025
Gosport Automotive Accident Repair Centre Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
5,685
7,579
Cash at bank and in hand
4
900
Creditors: amounts falling due within one year
(80,492)
(46,565)
Net current liabilities
(24,183)
(22,891)
Total assets less current liabilities
(18,498)
(15,312)
Creditors: amounts falling due after more than one year
(4,085)
(6,332)
Net liabilities
(22,583)
(21,644)
Called up share capital
100
100
Profit and loss account
(22,683)
(21,744)
Shareholders' funds
(22,583)
(21,644)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
Paul Tegg
Director
Company Registration No. 11729351
Gosport Automotive Accident Repair Centre Ltd
Notes to the Accounts
for the year ended 31 December 2024
Gosport Automotive Accident Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 11729351. The registered office is UNIT 16, Toronto Place, Gosport, Hampshire, PO12 4UZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
19,500
1,045
20,545
At 31 December 2024
19,500
1,045
20,545
At 1 January 2024
12,330
636
12,966
Charge for the year
1,792
102
1,894
At 31 December 2024
14,122
738
14,860
At 31 December 2024
5,378
307
5,685
At 31 December 2023
7,170
409
7,579
Gosport Automotive Accident Repair Centre Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
807
2,324
Other debtors
20,450
20,450
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,334
10,341
Trade creditors
28,884
843
Other creditors
5,640
6,200
Loans from directors
32,585
24,118
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(24,118)
(24,066)
(15,599)
(32,585)
(24,118)
(24,066)
(15,599)
(32,585)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).