Impact Accident Repairs (Nottingham) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04698574 (England and Wales)

IMPACT ACCIDENT REPAIRS (NOTTINGHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Sansone

Mr B Sarno

Mr A C Cox

SECRETARY:

Mr A C Cox

REGISTERED OFFICE:

Unit 2, White City Trading Estate

Little Tennis Street

Nottingham

Nottinghamshire

NG2 4EL

REGISTERED NUMBER:

04698574 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Tangible assets

5

82,109

109,686

CURRENT ASSETS

Stocks

26,795

23,976

Debtors

6

815,941

843,002

Cash at bank and in hand

6,438

362

849,174

867,340

CREDITORS

Amounts falling due within one year

7

810,626

769,563

NET CURRENT ASSETS

38,548

97,777

TOTAL ASSETS LESS CURRENT
LIABILITIES

120,657

207,463

CREDITORS

Amounts falling due after more than one year

8

60,762

105,252

NET ASSETS

59,895

102,211

CAPITAL AND RESERVES

Called up share capital

10

201

Retained earnings

59,694

102,010

SHAREHOLDERS' FUNDS

59,895

102,211

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mr A Sansone - Director

1.	STATUTORY INFORMATION

Impact Accident Repairs (Nottingham) Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

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 Income Statement, 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.

Hire purchase and leasing commitments

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

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.

Financial instruments

Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

154,579

12,284

127,019

293,882

Disposals

-

(6,409

)

(6,409

)

At 31 March 2025

154,579

12,284

120,610

287,473

DEPRECIATION

At 1 April 2024

126,713

7,476

50,007

184,196

Charge for year

5,677

1,009

19,002

25,688

Eliminated on disposal

-

(4,520

)

(4,520

)

At 31 March 2025

132,390

8,485

64,489

205,364

NET BOOK VALUE

At 31 March 2025

22,189

3,799

56,121

82,109

At 31 March 2024

27,866

4,808

77,012

109,686

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

384,825

409,896

Amounts owed by group undertakings

329,985

Amounts recoverable on contract

83,000

88,957

Deferred tax asset

Accelerated capital allowances

7,206

2,082

Prepayments and accrued income

10,925

12,082

815,941

843,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

29,537

Funding Circle Loan

12,649

11,610

Other loans

12,500

-

Hire purchase contracts

21,839

20,536

Trade creditors

286,073

248,735

Amounts owed to group undertakings

20,400

9,214

Corporation tax

15,972

40,152

Social security and other taxes

11,534

11,099

VAT

53,591

40,208

Other creditors

297,983

310,040

Wages control account

(194

)

18

Pension

8,522

8,366

Directors' current accounts

444

1,994

Accruals and deferred income

59,313

38,054

810,626

769,563

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

10,000

20,000

Other loans - 2-5 years

28,802

41,452

Hire purchase contracts

21,960

43,800

60,762

105,252

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

43,799

64,336

The hire purchase agreements are secured against the asset that they relate to.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

201

Ordinary

1

201