REGISTERED NUMBER: 12473963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

DARKSIDE PAINT AND BODY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Parkin

R Parkin

REGISTERED OFFICE:

Unit 7 Carbon Court Springvale Road

Park Springs

Barnsley

South Yorkshire

S72 7FF

REGISTERED NUMBER:

12473963 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

6,935

8,812

CURRENT ASSETS

Debtors

5

78,841

49,865

Cash at bank and in hand

11,906

9,411

90,747

59,276

CREDITORS

Amounts falling due within one year

6

49,437

34,942

NET CURRENT ASSETS

41,310

24,334

TOTAL ASSETS LESS CURRENT LIABILITIES

48,245

33,146

PROVISIONS FOR LIABILITIES

1,007

1,258

NET ASSETS

47,238

31,888

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

47,138

31,788

SHAREHOLDERS' FUNDS

47,238

31,888

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 24th September 2025 and were signed on its behalf by:

S Parkin - Director

1.	STATUTORY INFORMATION

Darkside Paint And Body 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover from the sale vehicle repairs and bodywork is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of the contract.

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 equipment

20% reducing balance

Motor vehicles

25% reducing balance

Tangible fixed assets are originally recognised at cost (or deemed cost). Cost includes all directly attributable to making the asset capable of operating as intended.

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

9,016

3,500

12,516

DEPRECIATION

At 1st April 2024

2,488

1,216

3,704

Charge for year

1,306

571

1,877

At 31st March 2025

3,794

1,787

5,581

NET BOOK VALUE

At 31st March 2025

5,222

1,713

6,935

At 31st March 2024

6,528

2,284

8,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,312

45,540

Other debtors

1,037

540

Called up share capital not paid

100

100

Prepayments and accrued income

5,392

3,685

78,841

49,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,625

-

Corporation tax

5,371

6,712

VAT

16,092

16,319

Other creditors

21,213

-

Accruals and deferred income

1,136

11,911

49,437

34,942

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

25,800

18,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

70

A Ordinary

£1

70

70

30

B Ordinary

£1

30

30

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Parkin Holdings Limited

The parent company's registered office is:

Unit 1 Carbon Court

Springvale Road

Park Springs

Barnsley

S72 7FF