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REGISTERED NUMBER: 03179387 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Smart Repair Supplies Limited

Smart Repair Supplies Limited (Registered number: 03179387)






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


Smart Repair Supplies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P R Nunn
Mrs H Nunn





SECRETARY: Mrs H Nunn





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 03179387 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Smart Repair Supplies Limited (Registered number: 03179387)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 733 3,381

CURRENT ASSETS
Debtors 5 140,548 230,052
Cash at bank 24,740 6,478
165,288 236,530
CREDITORS
Amounts falling due within one year 6 36,423 55,928
NET CURRENT ASSETS 128,865 180,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,598

183,983

PROVISIONS FOR LIABILITIES 102 745
NET ASSETS 129,496 183,238

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 129,396 183,138
SHAREHOLDERS' FUNDS 129,496 183,238

Smart Repair Supplies Limited (Registered number: 03179387)

Balance Sheet - continued
31 December 2024


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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Mrs H Nunn - Director


Smart Repair Supplies Limited (Registered number: 03179387)

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

1. STATUTORY INFORMATION

Smart Repair Supplies 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Office equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Smart Repair Supplies Limited (Registered number: 03179387)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 13,948 26,550 13,388 53,886
DEPRECIATION
At 1 January 2024 13,945 24,150 12,410 50,505
Charge for year 3 2,400 245 2,648
At 31 December 2024 13,948 26,550 12,655 53,153
NET BOOK VALUE
At 31 December 2024 - - 733 733
At 31 December 2023 3 2,400 978 3,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 247 810
Other debtors 86,310 108,321
Directors' current accounts 53,991 120,921
140,548 230,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,095 21,608
Tax 19,671 19,516
Social security and other taxes 343 -
VAT 11,399 12,024
Accruals and deferred income 2,915 2,780
36,423 55,928

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Smart Repair Supplies Limited (Registered number: 03179387)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr P R Nunn and Mrs H Nunn
Balance outstanding at start of year 120,921 41,882
Amounts advanced 54,382 121,351
Amounts repaid (121,312 ) (42,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,991 120,921

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%.