THE PC REPAIR HOUSE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Norman

J Tanner

REGISTERED OFFICE:

1 Ewell Road

Cheam

Sutton

SM3 8BZ

REGISTERED NUMBER:

10708980 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

3,936

2,881

CURRENT ASSETS

Stocks

1,800

1,500

Debtors

6

24,261

29,338

Cash at bank

5,168

5,159

31,229

35,997

CREDITORS

Amounts falling due within one year

7

16,724

32,260

NET CURRENT ASSETS

14,505

3,737

TOTAL ASSETS LESS CURRENT LIABILITIES

18,441

6,618

CREDITORS

Amounts falling due after more than one year

8

(27,845

)

(32,955

)

PROVISIONS FOR LIABILITIES

(748

)

(547

)

NET LIABILITIES

(10,152

)

(26,884

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(10,162

)

(26,894

)

SHAREHOLDERS' FUNDS

(10,152

)

(26,884

)

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

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

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 31st July 2025 and were signed on its behalf by:

I Norman - Director

1.	STATUTORY INFORMATION

The PC Repair House 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

1,946

4,339

1,106

7,391

Additions

738

1,172

-

1,910

At 31st March 2025

2,684

5,511

1,106

9,301

DEPRECIATION

At 1st April 2024

1,330

2,074

1,106

4,510

Charge for year

339

516

-

855

At 31st March 2025

1,669

2,590

1,106

5,365

NET BOOK VALUE

At 31st March 2025

1,015

2,921

-

3,936

At 31st March 2024

616

2,265

-

2,881

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,928

1,046

Other debtors

13,500

13,500

Directors' current accounts

-

8,096

Tax

2,036

2,036

Prepayments

4,797

4,660

24,261

29,338

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,412

6,357

Trade creditors

1,210

1,096

Tax

7,150

12,093

Social security and other taxes

(1,327

)

(2,263

)

VAT

3,605

12,870

Other creditors

809

809

Accrued expenses

865

1,298

16,724

32,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Santander BBL

27,845

32,955