REGISTERED NUMBER: 03094940 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COUGAR ACCIDENT REPAIR CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr V T J Blennerhassett

SECRETARY:

Mr S F Herbert

REGISTERED OFFICE:

Cougar Accident Repair Centre

Eaton Green Road

Luton

LU2 9LD

REGISTERED NUMBER:

03094940 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

209,993

266,035

CURRENT ASSETS

Stocks

72,541

196,606

Debtors

5

1,089,922

906,786

Cash at bank

664,940

486,561

1,827,403

1,589,953

CREDITORS

Amounts falling due within one year

6

1,233,776

1,325,722

NET CURRENT ASSETS

593,627

264,231

TOTAL ASSETS LESS CURRENT LIABILITIES

803,620

530,266

CREDITORS

Amounts falling due after more than one year

7

(62,000

)

(64,000

)

PROVISIONS FOR LIABILITIES

10

(11,109

)

(21,832

)

NET ASSETS

730,511

444,434

CAPITAL AND RESERVES

Called up share capital

11

21,814

21,814

Capital redemption reserve

12

5,944

5,944

Retained earnings

12

702,753

416,676

730,511

444,434

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 director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

Mr V T J Blennerhassett - Director

1.	STATUTORY INFORMATION

Cougar Accident Repair Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at varying rates on cost between 10% and 20% in order to write off each asset over its estimated useful life.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets

Financial assets, including trade and other debtors and cash at bank and in hand, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method. Financial assets are assessed for impairment at each reporting date and any impairment losses are recognised in profit or loss.

Financial liabilities

Financial liabilities, including trade and other creditors and loans, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is, when the contractual obligation is discharged, cancelled or expires.

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.

Leasing commitments

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 33 (2023 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

950,331

Additions

24,715

Disposals

(19,128

)

At 31 December 2024

955,918

DEPRECIATION

At 1 January 2024

684,296

Charge for year

79,409

Eliminated on disposal

(17,780

)

At 31 December 2024

745,925

NET BOOK VALUE

At 31 December 2024

209,993

At 31 December 2023

266,035

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

591,978

603,061

Amounts owed by group undertakings

297,452

96,352

Other debtors

3,866

7,216

Prepayments

96,626

100,157

989,922

806,786

Amounts falling due after more than one year:

Other debtors

100,000

100,000

Aggregate amounts

1,089,922

906,786

The company has a balance of £297,452 (2024: £96,352) owed from Cougar ARC Holdings Limited, a fellow group company. These amounts are unsecured, interest-free, and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

419,638

439,888

Corporation tax

115,607

154,160

Taxation and social security

45,753

58,622

VAT

148,625

175,095

Other creditors

7,919

8,000

Accrued expenses

496,234

489,957

1,233,776

1,325,722

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

32,000

32,000

Other creditors due in more

than 5 years

30,000

32,000

62,000

64,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

285,257

265,314

Between one and five years

37,631

280,509

322,888

545,823

9.	SECURED DEBTS

The company’s borrowings are secured by way of fixed and floating charges over the assets of the company in favour of its lender.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

11,109

21,832

Deferred

tax

£

Balance at 1 January 2024

21,832

Released during the year

(10,723

)

Balance at 31 December 2024

11,109

11.	CALLED UP SHARE CAPITAL

Number:

Class:

Nominal

2024

2023

value:

£

£

545,353

Ordinary shares

£0.01

5,453

5,453

1,636,059

Ordinary C shares

£0.01

16,361

16,361

21,814

21,814

Both classes of shares carry full voting rights and rank pari passu in all respects with each other.

12.

RESERVES

Profit and loss reserves

The profit and loss reserve represents cumulative profit net of distribution to owners.

Capital redemption reserve

The capital redemption reserve reflects an amount equal to the amount by which the company's share capital has been diminished on the cancellation or purchase of own shares.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Cougar ARC Holdings Ltd, a company incorporated in England & Wales.

The ultimate controlling party is Mr V Blennerhassett.