REGISTERED NUMBER: 02143249 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M & M Vehicle Repairs Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,119,378

2,083,160

2,119,378

2,083,160

CURRENT ASSETS

Stocks

621,352

672,582

Debtors

6

1,275,958

1,304,677

Cash at bank and in hand

1,039,673

964,794

2,936,983

2,942,053

CREDITORS

Amounts falling due within one year

7

1,839,028

1,928,671

NET CURRENT ASSETS

1,097,955

1,013,382

TOTAL ASSETS LESS CURRENT LIABILITIES

3,217,333

3,096,542

PROVISIONS FOR LIABILITIES

51,814

24,852

NET ASSETS

3,165,519

3,071,690

CAPITAL AND RESERVES

Called up share capital

9,500

9,500

Retained earnings

3,156,019

3,062,190

SHAREHOLDERS' FUNDS

3,165,519

3,071,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mr T C Mulby - Director

Mrs N Whitehead - Director

1.	STATUTORY INFORMATION

M & M Vehicle Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02143249

Registered office:

Portland Road

Longton

Stoke on Trent

Staffordshire

ST3 1EW

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Short leasehold

-

10% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Profit and Loss Account, 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.

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 87 (2024 - 84 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,000

AMORTISATION

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

property

leasehold

property

£

£

£

COST

At 1 April 2024

2,178,251

80,454

525,971

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

2,178,251

80,454

525,971

DEPRECIATION

At 1 April 2024

806,106

80,454

105,026

Charge for year

43,566

-

10,518

Eliminated on disposal

-

-

-

At 31 March 2025

849,672

80,454

115,544

NET BOOK VALUE

At 31 March 2025

1,328,579

-

410,427

At 31 March 2024

1,372,145

-

420,945

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

818,848

369,847

3,973,371

Additions

99,467

120,729

220,196

Disposals

(27,135

)

(98,835

)

(125,970

)

At 31 March 2025

891,180

391,741

4,067,597

DEPRECIATION

At 1 April 2024

607,647

290,978

1,890,211

Charge for year

54,854

46,657

155,595

Eliminated on disposal

(6,741

)

(90,846

)

(97,587

)

At 31 March 2025

655,760

246,789

1,948,219

NET BOOK VALUE

At 31 March 2025

235,420

144,952

2,119,378

At 31 March 2024

211,201

78,869

2,083,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,056,568

1,079,542

Amounts recoverable on contract

147,250

154,643

Prepayments

72,140

70,492

1,275,958

1,304,677

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,014,279

1,066,371

Tax

74,817

212,459

Social security and other taxes

55,424

55,322

VAT

131,754

212,224

Other creditors

900

900

Accruals and deferred income

561,854

381,395

1,839,028

1,928,671

8.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £186,351 (2024 - £180,533). These financial commitments represent the total amount of payments remaining on operating leases ending between 2025 to 2027.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by M & M Vehicle Repairs Holdings Limited which owns 100% of the share capital.