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REGISTERED NUMBER: 08944664 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Saxon Accident Repair Group Ltd

Saxon Accident Repair Group Ltd (Registered number: 08944664)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

Saxon Accident Repair Group Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: H G Waller
T Waller





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 08944664 (England and Wales)





ACCOUNTANTS: Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 349,988 415,054

CURRENT ASSETS
Stocks 15,321 27,877
Debtors 5 505,917 327,418
Cash at bank and in hand 17,052 41,311
538,290 396,606
CREDITORS
Amounts falling due within one year 6 518,603 352,320
NET CURRENT ASSETS 19,687 44,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,675

459,340

CREDITORS
Amounts falling due after more than one
year

7

(122,389

)

(195,478

)

PROVISIONS FOR LIABILITIES (61,934 ) (75,193 )
NET ASSETS 185,352 188,669

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 185,252 188,569
SHAREHOLDERS' FUNDS 185,352 188,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





H G Waller - Director


Saxon Accident Repair Group Ltd (Registered number: 08944664)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Saxon Accident Repair Group Ltd 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 the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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.
Improvements to property - Over the period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

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 19 (2024 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 135,256 378,798 90,419
Additions - 8,600 11,389
Disposals - (91,618 ) -
At 31 March 2025 135,256 295,780 101,808
DEPRECIATION
At 1 April 2024 20,974 183,246 24,671
Charge for year 12,028 50,096 18,637
Eliminated on disposal - (90,229 ) -
At 31 March 2025 33,002 143,113 43,308
NET BOOK VALUE
At 31 March 2025 102,254 152,667 58,500
At 31 March 2024 114,282 195,552 65,748

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 35,368 32,106 671,947
Additions 14,167 432 34,588
Disposals (6,667 ) - (98,285 )
At 31 March 2025 42,868 32,538 608,250
DEPRECIATION
At 1 April 2024 16,002 12,000 256,893
Charge for year 6,611 5,059 92,431
Eliminated on disposal (833 ) - (91,062 )
At 31 March 2025 21,780 17,059 258,262
NET BOOK VALUE
At 31 March 2025 21,088 15,479 349,988
At 31 March 2024 19,366 20,106 415,054

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 195,235 23,667 23,368 4,785 247,055
DEPRECIATION
At 1 April 2024 48,808 5,917 7,563 1,196 63,484
Charge for year 36,608 4,440 3,952 900 45,900
At 31 March 2025 85,416 10,357 11,515 2,096 109,384
NET BOOK VALUE
At 31 March 2025 109,819 13,310 11,853 2,689 137,671
At 31 March 2024 146,427 17,750 15,805 3,589 183,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 234,802 106,528
Other debtors 271,115 220,890
505,917 327,418

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 43,927 42,734
Hire purchase contracts (see note 8) 47,669 49,347
Trade creditors 180,025 105,733
Taxation and social security 131,068 64,215
Other creditors 115,914 90,291
518,603 352,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 37,500 62,500
Hire purchase contracts (see note 8) 84,889 132,978
122,389 195,478

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 47,669 49,347
Between one and five years 84,889 132,978
132,558 182,325

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 118,500 100,500
Between one and five years 515,000 530,500
In more than five years 257,500 412,000
891,000 1,043,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

Saxon Accident Repair Group Ltd (Registered number: 08944664)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

31.3.25 31.3.24
£    £   
H G Waller
Balance outstanding at start of year (722 ) (865 )
Amounts advanced 141,416 12,595
Amounts repaid (88,465 ) (12,452 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,229 (722 )

T Waller
Balance outstanding at start of year (3,081 ) (3,950 )
Amounts advanced 10,268 12,770
Amounts repaid - (11,901 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,187 (3,081 )

The above loans were fully paid within nine months of the year end.
A personal guarantee by the directors exists in respect to the bank overdraft.

11. RELATED PARTY DISCLOSURES

Included in Other Debtors is £175,804 (2024: £168,000) and a further £32,724 (2024: £23,401) included in Trade Debtors are amounts owed to the company by Squire Editions Ltd, a company with the same directors and shareholders as Saxon Accident Repair Group Ltd.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Saxon Accident Repair Group Ltd

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saxon Accident Repair Group Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 Saxon Accident Repair Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saxon Accident Repair Group Ltd and state those matters that we have agreed to state to the Board of Directors of Saxon Accident Repair Group Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saxon Accident Repair Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saxon Accident Repair Group Ltd. You consider that Saxon Accident Repair Group 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 financial statements of Saxon Accident Repair Group 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 financial statements.






Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


6 June 2025