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REGISTERED NUMBER: 04338985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Nottingham Trim Repairs Limited

Nottingham Trim Repairs Limited (Registered number: 04338985)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nottingham Trim Repairs Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr A Smith





SECRETARY: Mrs E A Smith





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 04338985 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Nottingham Trim Repairs Limited (Registered number: 04338985)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,463 55,669
24,463 55,669

CURRENT ASSETS
Stocks 6,500 5,150
Debtors 6 37,187 8,813
Cash at bank 46,567 11,303
90,254 25,266
CREDITORS
Amounts falling due within one year 7 66,890 26,995
NET CURRENT ASSETS/(LIABILITIES) 23,364 (1,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,827

53,940

CREDITORS
Amounts falling due after more than one
year

8

-

(35,160

)

PROVISIONS FOR LIABILITIES (6,116 ) (13,917 )
NET ASSETS 41,711 4,863

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 41,701 4,853
SHAREHOLDERS' FUNDS 41,711 4,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Nottingham Trim Repairs Limited (Registered number: 04338985)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2025 and were signed by:





Mr A Smith - Director


Nottingham Trim Repairs Limited (Registered number: 04338985)

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

1. STATUTORY INFORMATION

Nottingham Trim 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Nottingham Trim Repairs Limited (Registered number: 04338985)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 32,000
AMORTISATION
At 1 January 2024
and 31 December 2024 32,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 19,539 5,768 57,133 5,546 87,986
Additions - - 16,771 2,124 18,895
Disposals - - (57,420 ) (833 ) (58,253 )
At 31 December 2024 19,539 5,768 16,484 6,837 48,628
DEPRECIATION
At 1 January 2024 12,390 2,808 14,283 2,836 32,317
Charge for year 1,072 444 4,121 619 6,256
Eliminated on disposal - - (14,283 ) (125 ) (14,408 )
At 31 December 2024 13,462 3,252 4,121 3,330 24,165
NET BOOK VALUE
At 31 December 2024 6,077 2,516 12,363 3,507 24,463
At 31 December 2023 7,149 2,960 42,850 2,710 55,669

Nottingham Trim Repairs Limited (Registered number: 04338985)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 49,460
Disposals (49,460 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 12,365
Eliminated on disposal (12,365 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 37,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,284 6,420
Other debtors 398 -
PAYE - 1,176
Directors' current accounts 26,253 -
VAT - 441
Prepayments 252 776
37,187 8,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 949
Trade creditors 6,325 1,945
Tax 25,962 3,755
VAT 16,469 -
Other creditors 8,322 3,206
Directors' current accounts - 7,374
Accruals and deferred income 9,812 9,766
66,890 26,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 35,160

Nottingham Trim Repairs Limited (Registered number: 04338985)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr A Smith
Balance outstanding at start of year (7,374 ) 27,411
Amounts advanced 75,465 51,864
Amounts repaid (41,838 ) (86,649 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,253 (7,374 )

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year, being 2.25%.