REGISTERED NUMBER: 04168601 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

S.I.M Vehicle Consultancy Limited

Trading as

Enterprise Accident Repair Centre

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Hart

M A Biffen

S Garbett

SECRETARY:

I Hart

REGISTERED OFFICE:

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

REGISTERED NUMBER:

04168601 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

353,464

354,733

353,464

354,733

CURRENT ASSETS

Stocks

82,434

31,135

Debtors

6

18,228

49,197

Cash at bank

27,245

91,692

127,907

172,024

CREDITORS

Amounts falling due within one year

7

169,184

189,754

NET CURRENT LIABILITIES

(41,277

)

(17,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,187

337,003

CREDITORS

Amounts falling due after more than one year

8

(2,500

)

(33,504

)

PROVISIONS FOR LIABILITIES

(535

)

(760

)

NET ASSETS

309,152

302,739

CAPITAL AND RESERVES

Called up share capital

10

302

302

Revaluation reserve

11

166,912

166,912

Retained earnings

141,938

135,525

SHAREHOLDERS' FUNDS

309,152

302,739

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 22 December 2025 and were signed on its behalf by:

I J Hart - Director

1.	STATUTORY INFORMATION

S.I.M Vehicle Consultancy 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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

-

not provided

Plant and machinery

-

25% on reducing balance

Computer equipment

-

50% 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

135,000

AMORTISATION

At 1 April 2024

and 31 March 2025

135,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

350,000

171,582

997

522,579

Disposals

-

(1,774

)

-

(1,774

)

At 31 March 2025

350,000

169,808

997

520,805

DEPRECIATION

At 1 April 2024

-

166,927

919

167,846

Charge for year

-

905

39

944

Eliminated on disposal

-

(1,449

)

-

(1,449

)

At 31 March 2025

-

166,383

958

167,341

NET BOOK VALUE

At 31 March 2025

350,000

3,425

39

353,464

At 31 March 2024

350,000

4,655

78

354,733

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2010

146,595

-

146,595

Cost

203,405

170,805

374,210

350,000

170,805

520,805

Freehold property was valued on an open market basis on 6 October 2010 by Andrew Dixon & Company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,423

46,394

Prepayments

2,805

2,803

18,228

49,197

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,712

28,176

Trade creditors

29,266

27,143

Tax

3,240

9,987

Social security and other taxes

18,022

22,238

Other creditors

931

-

Directors' loan accounts

77,912

91,900

Accrued expenses

10,101

10,310

169,184

189,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-5 years

2,500

33,504

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

32,212

61,680

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

300

A

£1

300

300

1

B

£1

1

1

1

C

£1

1

1

302

302

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

166,912