REGISTERED NUMBER: 04925842 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHORADE ACCIDENT REPAIR CENTRE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S Shore

L J R Coupland

M S O'Keefe

SECRETARY:

REGISTERED OFFICE:

Shorade House

Walsall Road

Cannock

Staffordshire

WS11 0HP

REGISTERED NUMBER:

04925842 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

265,710

261,362

CURRENT ASSETS

Stocks

142,406

139,158

Debtors

5

491,889

553,607

Prepayments and accrued income

-

6,650

Cash at bank and in hand

123,008

377,026

757,303

1,076,441

CREDITORS

Amounts falling due within one year

6

588,664

687,108

NET CURRENT ASSETS

168,639

389,333

TOTAL ASSETS LESS CURRENT LIABILITIES

434,349

650,695

CREDITORS

Amounts falling due after more than one year

7

(36,244

)

(83,333

)

PROVISIONS FOR LIABILITIES

(62,294

)

(51,372

)

NET ASSETS

335,811

515,990

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

335,711

515,890

SHAREHOLDERS' FUNDS

335,811

515,990

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:

S Shore - Director

1.	STATUTORY INFORMATION

Shorade 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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

13,835

1,141,800

114,109

Additions

-

17,929

15,699

Disposals

(13,835

)

(43,771

)

-

At 31 March 2025

-

1,115,958

129,808

DEPRECIATION

At 1 April 2024

6,484

986,967

88,646

Charge for year

-

28,688

6,957

Eliminated on disposal

(6,484

)

(37,159

)

-

At 31 March 2025

-

978,496

95,603

NET BOOK VALUE

At 31 March 2025

-

137,462

34,205

At 31 March 2024

7,351

154,833

25,463

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

100,090

18,397

1,388,231

Additions

44,167

3,173

80,968

Disposals

(16,895

)

-

(74,501

)

At 31 March 2025

127,362

21,570

1,394,698

DEPRECIATION

At 1 April 2024

33,942

10,830

1,126,869

Charge for year

14,370

3,970

53,985

Eliminated on disposal

(8,223

)

-

(51,866

)

At 31 March 2025

40,089

14,800

1,128,988

NET BOOK VALUE

At 31 March 2025

87,273

6,770

265,710

At 31 March 2024

66,148

7,567

261,362

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

22,500

Additions

44,167

Transfer to ownership

(22,500

)

At 31 March 2025

44,167

DEPRECIATION

At 1 April 2024

16,122

Charge for year

1,595

Transfer to ownership

(17,716

)

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

44,166

At 31 March 2024

6,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

400,654

462,372

Amounts owed by group undertakings

91,235

91,235

491,889

553,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

54,840

50,000

Hire purchase contracts

2,013

2,948

Trade creditors

283,600

278,024

Tax

61,030

109,104

Social security and other taxes

93,776

140,269

Other creditors

10,101

8,586

Wages control

71,422

71,559

Pensions Control

6,469

6,756

Directors' current accounts

838

964

Accrued expenses

4,575

18,898

588,664

687,108

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

83,333

Hire purchase contracts

36,244

-

36,244

83,333

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

54,840

50,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

50,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

33,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

38,257

2,948

Hire purchase liabilities are secured by a charge over the assets to which they relate.

10.	PARENT COMPANY

Sasco Investments Limited, a company incorporated in England and Wales is considered to be the company's parent company. The registered office of Sasco Investments Limited is Shorade House, Walsall Road, Cannock, Staffordshire WS11 0HP. Exemption is claimed under the Companies Act 2006 from preparing consolidated accounts as the group is small.