CHEAM ACCIDENT REPAIRS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 4638163

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		318,345		321,267

			318,345		321,267
CURRENT ASSETS
Stocks	6	2,000		1,850
Debtors	7	7,312		6,672

		9,312		8,522
Creditors: Amounts Falling Due Within One Year	8	(89,730 )		(105,174 )

NET CURRENT ASSETS (LIABILITIES)			(80,418 )		(96,652 )

TOTAL ASSETS LESS CURRENT LIABILITIES			237,927		224,615

Creditors: Amounts Falling Due After More Than One Year	9		-		(12,420 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(41,211 )		(41,211 )

NET ASSETS			196,716		170,984

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		220,000		220,000
Profit and Loss Account			(23,384 )		(49,116 )

SHAREHOLDERS' FUNDS			196,716		170,984

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CHEAM ACCIDENT REPAIRS LIMITED

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Viswaratnam Shanmugalingam

Director

18/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

CHEAM ACCIDENT REPAIRS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 4638163 . The registered office is UNIT 10, 193 GARTH ROAD, MORDEN, SURREY, SM4 4LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil Depreciation
Leasehold	20% Reducing Balance
Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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CHEAM ACCIDENT REPAIRS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	50,000

As at 31 March 2025	50,000

Amortisation
As at 1 April 2024	50,000

As at 31 March 2025	50,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	310,228	66,222	12,042	388,492

As at 31 March 2025	310,228	66,222	12,042	388,492

Depreciation
As at 1 April 2024	-	59,387	7,838	67,225
Provided during the period	-	1,871	1,051	2,922

As at 31 March 2025	-	61,258	8,889	70,147

Net Book Value
As at 31 March 2025	310,228	4,964	3,153	318,345

As at 1 April 2024	310,228	6,835	4,204	321,267

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CHEAM ACCIDENT REPAIRS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Materials	2,000	1,850

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,539	6,672
Other debtors	1,257	-
VAT	516	-

	7,312	6,672

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,108	17,166
Bank loans and overdrafts	42,659	26,773
Other taxes and social security	24,971	2,851
VAT	-	1,180
Net wages	-	3,835
Other creditors	-	814
Accruals and deferred income	1,500	-
Directors' loan accounts	3,492	27,555
Amounts owed to group undertakings	-	25,000

	89,730	105,174

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	12,420

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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CHEAM ACCIDENT REPAIRS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	220,000

As at 31 March 2025	220,000

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