Company No: 04415594 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	22,550		13,313
		22,550		13,313
Current assets
Stocks	5	4,285		4,285
Debtors	6	138,404		118,063
Cash at bank and in hand		156,780		210,178
		299,469		332,526
Creditors: amounts falling due within one year	7	( 168,138)		( 179,576)
Net current assets		131,331		152,950
Total assets less current liabilities		153,881		166,263
Provision for liabilities		( 4,100)		( 3,030)
Net assets		149,781		163,233
Capital and reserves
Called-up share capital	8	51		51
Capital redemption reserve		49		49
Profit and loss account		149,681		163,133
Total shareholders' funds		149,781		163,233

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Reynolds Commercial Body Repairs Limited (registered number: 04415594) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

Luke Rory Reynolds Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Reynolds Commercial Body Repairs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Towngate House,
2-8 Parkstone Road,
Poole,
BH15 2PW,
United Kingdom.

The principal place of business is:
Unit 68,
Eling Wharf,
Totton,
Hampshire,
SO40 4TE,
England.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	100,000		100,000
At 31 March 2025	100,000		100,000
Accumulated amortisation
At 01 April 2024	100,000		100,000
At 31 March 2025	100,000		100,000
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	100,095		31,533		17,157		5,631		154,416
Additions	7,280		5,900		1,250		150		14,580
At 31 March 2025	107,375		37,433		18,407		5,781		168,996
Accumulated depreciation
At 01 April 2024	89,582		30,244		16,513		4,764		141,103
Charge for the financial year	4,011		556		239		537		5,343
At 31 March 2025	93,593		30,800		16,752		5,301		146,446
Net book value
At 31 March 2025	13,782		6,633		1,655		480		22,550
At 31 March 2024	10,513		1,289		644		867		13,313

5. Stocks

	2025		2024
	£		£
Stocks	4,285		4,285

6. Debtors

	2025		2024
	£		£
Trade debtors	137,037		116,656
Other debtors	1,367		1,407
	138,404		118,063

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	87,487		49,544
Taxation and social security	42,214		38,501
Other creditors	38,437		91,531
	168,138		179,576

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
153 Ordinary A shares of £ 0.05 each	8		8
867 Ordinary shares of £ 0.05 each	43		43
	51		51