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REGISTERED NUMBER: 04627531 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

READING ACCIDENT REPAIRS LIMITED
TRADING AS
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READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


READING ACCIDENT REPAIRS LIMITED
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COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr P C Carkett
Mr D P Benjamin





SECRETARIES: Mrs V V Carkett
Mrs K Thomas





REGISTERED OFFICE: 39 Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 04627531 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 53,696 20,440

CURRENT ASSETS
Stocks 16,701 16,701
Debtors 5 363,834 336,146
Cash at bank and in hand 309,759 166,396
690,294 519,243
CREDITORS
Amounts falling due within one
year

6

303,297

223,996
NET CURRENT ASSETS 386,997 295,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,693

315,687

CREDITORS
Amounts falling due after more
than one year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES (11,523 ) (5,110 )
NET ASSETS 424,170 295,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 424,070 295,477
424,170 295,577

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

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

READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 21st August 2025 and were signed on its behalf by:





Mr P C Carkett - Director


READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Reading Accident 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 amounts receivable from the provision of vehicle accident repair services, net of value added tax.

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 - 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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 15 (2023 - 15 ) .

READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 79,213 2,220 31,700 6,733 119,866
Additions - 1,965 49,033 - 50,998
At 31st December
2024

79,213

4,185

80,733

6,733

170,864
DEPRECIATION
At 1st January 2024 63,578 842 31,482 3,524 99,426
Charge for year 3,909 718 12,313 802 17,742
At 31st December
2024

67,487

1,560

43,795

4,326

117,168
NET BOOK VALUE
At 31st December
2024

11,726

2,625

36,938

2,407

53,696
At 31st December
2023

15,635

1,378

218

3,209

20,440

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 342,831 315,419
PAYE/NI repayable 2 -
Prepayments and accrued income 21,001 20,727
363,834 336,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 176,552 133,091
Corporation tax 83,983 53,283
VAT 18,577 12,909
Other creditors 1,228 2,116
Other creditors 6,536 6,536
Company credit card 721 812
Pension contributions payable 1,640 1,850
Directors' current accounts 4,060 3,399
303,297 223,996

READING ACCIDENT REPAIRS LIMITED (REGISTERED NUMBER: 04627531)
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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans more than a year 5,000 15,000

8. RELATED PARTY DISCLOSURES

The directors' current account balances of £4,060 (2023 - £3,399) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.