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Registered number: 09864881
Essential Repairs London Limited
Financial Statements
For The Year Ended 30 November 2024
C.Charles & Co Limited
Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09864881
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138,993 158,059
138,993 158,059
CURRENT ASSETS
Debtors 5 213,789 210,019
Cash at bank and in hand 42,483 72,154
256,272 282,173
Creditors: Amounts Falling Due Within One Year 6 (974,214 ) (774,975 )
NET CURRENT ASSETS (LIABILITIES) (717,942 ) (492,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES (578,949 ) (334,743 )
Creditors: Amounts Falling Due After More Than One Year 7 (39,791 ) (47,618 )
NET LIABILITIES (618,740 ) (382,361 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (618,840 ) (382,461 )
SHAREHOLDERS' FUNDS (618,740) (382,361)
Page 1
Page 2
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Frixos Nicos Kaimakamis
Director
28 August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Essential Repairs London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09864881 . The registered office is 4 South Ealing Road, London, W5 4QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 34)
29 34
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 183,638 69,048 252,686
Additions 13,995 6,692 20,687
Disposals (25,496 ) - (25,496 )
As at 30 November 2024 172,137 75,740 247,877
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2023 69,289 25,338 94,627
Provided during the period 16,968 7,560 24,528
Disposals (10,271 ) - (10,271 )
As at 30 November 2024 75,986 32,898 108,884
Net Book Value
As at 30 November 2024 96,151 42,842 138,993
As at 1 December 2023 114,349 43,710 158,059
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 171,703 189,493
Prepayments and accrued income 18,004 19,002
Other debtors 24,082 1,524
213,789 210,019
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 144,302 168,988
Other creditors 747,670 469,100
Taxation and social security 82,242 136,887
974,214 774,975
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,791 47,618
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4