REGISTERED NUMBER: 05671590 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THEOCO ACCIDENT REPAIR CENTRES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P A Theodossiades

D J Theodossiades

G Theodossides

SECRETARY:

Mrs P A Theodossiades

REGISTERED OFFICE:

498 Church Lane

Kingsbury

London

NW9 8UA

REGISTERED NUMBER:

05671590 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

31,920

40,689

CURRENT ASSETS

Stocks

5

230,792

296,948

Debtors

6

757,609

997,545

Cash at bank and in hand

420,781

258,142

1,409,182

1,552,635

CREDITORS

Amounts falling due within one year

7

(957,344

)

(1,092,809

)

NET CURRENT ASSETS

451,838

459,826

TOTAL ASSETS LESS CURRENT LIABILITIES

483,758

500,515

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

483,658

500,415

SHAREHOLDERS' FUNDS

483,758

500,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 15 December 2025 and were signed on its behalf by:

G Theodossides - Director

1.	STATUTORY INFORMATION

Theoco Accident Repair Centres 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 statement of financial position date.

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.

Cash and cash equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

469,463

Additions

1,871

At 31 December 2024

471,334

DEPRECIATION

At 1 January 2024

428,774

Charge for year

10,640

At 31 December 2024

439,414

NET BOOK VALUE

At 31 December 2024

31,920

At 31 December 2023

40,689

5.

STOCKS

31/12/24

31/12/23

£

£

Stocks

230,792

296,948

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

361,561

623,508

Other debtors

396,048

374,037

757,609

997,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

745,851

817,078

Taxation and social security

184,519

208,497

Other creditors

26,974

67,234

957,344

1,092,809

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary Shares

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

500,415

Profit for the year

53,243

Dividends

(70,000

)

At 31 December 2024

483,658