PREMIER AUTO SERVICE AND BODY REPAIR CENTRE LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07582001

PREMIER AUTO SERVICE AND BODY REPAIR CENTRE LTD

Filleted Unaudited Financial Statements

31 March 2025

PREMIER AUTO SERVICE AND BODY REPAIR CENTRE LTD

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	13,500	15,750
Tangible assets	6	33,841	40,346
		--------	--------
		47,341	56,096

Current assets

Stocks		1,000	1,000
Debtors	7	4,500	–
Cash at bank and in hand		97,860	111,919
		---------	---------
		103,360	112,919

Creditors: amounts falling due within one year	8	44,702		25,885
		---------		---------
Net current assets			58,658	87,034
			---------	---------
Total assets less current liabilities			105,999	143,130
			---------	---------

PREMIER AUTO SERVICE AND BODY REPAIR CENTRE LTD

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	105,899	143,030
	---------	---------
Shareholders funds	105,999	143,130
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 October 2025 , and are signed on behalf of the board by:

Mr N Ahmed

Director

Company registration number: 07582001

PREMIER AUTO SERVICE AND BODY REPAIR CENTRE LTD

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Harrow, Middlesex, HA2 7QN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicle	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	45,000
	--------
Amortisation
At 1 April 2024	29,250
Charge for the year	2,250
	--------
At 31 March 2025	31,500
	--------
Carrying amount
At 31 March 2025	13,500
	--------
At 31 March 2024	15,750
	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	138,875	4,341	450	143,666
Additions	1,956	–	–	1,956
	---------	-------	----	---------
At 31 March 2025	140,831	4,341	450	145,622
	---------	-------	----	---------
Depreciation
At 1 April 2024	100,342	2,646	332	103,320
Charge for the year	8,098	339	24	8,461
	---------	-------	----	---------
At 31 March 2025	108,440	2,985	356	111,781
	---------	-------	----	---------
Carrying amount
At 31 March 2025	32,391	1,356	94	33,841
	---------	-------	----	---------
At 31 March 2024	38,533	1,695	118	40,346
	---------	-------	----	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,498	–
Other debtors	2	–
	-------	----
	4,500	–
	-------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	706	1,325
Corporation tax	8,460	4,673
Social security and other taxes	13,696	15,352
Other creditors	21,840	4,535
	--------	--------
	44,702	25,885
	--------	--------