Essex Smart Repairs Limited - Filleted accounts

Registered number

04348708

Essex Smart Repairs Limited

Report and Accounts

31 July 2025

Essex Smart Repairs Limited
Registered number:		04348708
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		797,687			730,410

Current assets
Stocks		58,022			80,913
Debtors	5	532,893			558,000
Cash at bank and in hand		899,551			791,404
		1,490,466			1,430,317

Creditors: amounts falling due within one year	6	(794,082)			(791,179)

Net current assets			696,384			639,138

Total assets less current liabilities			1,494,071			1,369,548

Creditors: amounts falling due after more than one year	7		(414,472)			(334,996)

Provisions for liabilities - deferred tax			(184,790)			(172,230)


Net assets			894,809			862,322

Capital and reserves
Called up share capital			103			103
Profit and loss account			894,706			862,219

Shareholders' funds			894,809			862,322

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



A D Harvey
Director
Approved by the board on 17 December 2025

Essex Smart Repairs Limited
Notes to the Accounts
for the year ended 31 July 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold premises			10% reducing balance basis
	Plant, machinery & equipment			25% reducing balance basis
	Motor vehicles			25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					31		30


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 August 2024							13,125
	At 31 July 2025							13,125

	Amortisation
	At 1 August 2024							13,125
	At 31 July 2025							13,125

	Net book value
	At 31 July 2025							-

	Franchise fees and licences have been written off in equal annual instalments over their estimated economic life of five years.

4	Tangible fixed assets
		Leasehold Office		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	46,101		470,203		1,017,348		1,533,652
	Additions	14,140		81,216		296,580		391,936
	Disposals	-		(1,536)		(262,772)		(264,308)
	At 31 July 2025	60,241		549,883		1,051,156		1,661,280

	Depreciation
	At 1 August 2024	4,610		288,514		510,118		803,242
	Charge for the year	5,563		65,582		183,625		254,770
	On disposals	-		(958)		(193,461)		(194,419)
	At 31 July 2025	10,173		353,138		500,282		863,593

	Net book value
	At 31 July 2025	50,068		196,745		550,874		797,687
	At 31 July 2024	41,491		181,689		507,230		730,410


5	Debtors					2025		2024
£							£

	Trade debtors					500,127		529,323
	Other debtors					32,766		28,677
						532,893		558,000

6	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					140,157		159,348
	Trade creditors					247,694		266,542
	Corporation tax					85,599		56,128
	Other taxes and social security costs					175,863		166,170
	Directors' loan account					10,705		7,205
	Other creditors					134,064		135,786
						794,082		791,179


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					414,472		334,996


8	Related party transactions

	A D Harvey owns 45% and Mrs S J Harvey owns 10% of the A share capital of this company. A D and Mrs S J Harvey also have a controlling interest in Essex Dent Repairs Limited (Connected company). B Sharp owns 45% of the A share capital of this company and his wife owns 100% of the share capital of Smart Automotive Repairs Limited (Connected company). During the year the company made purchases from Essex Dent Repairs Limited of £16,000 (2024: £14,000) for management and secretarial services, and Smart Automotve Repairs Limited of £16,000 (2024: £14,000). In addition purchases were made from Smart Automotive Repairs Limited amounting to £264,175 for subcontract services. At 31 July 2025, £5,808 (2024: £6,132) was owing to Essex Dent Repairs Limited and £35,132 (2024: £31,424) to Smart Automotive Repairs Limited. During the year the company raised Sales invoices to Essex Dent Repairs Limited of £6,261 (2024: £6,119) and Smart Automotive Repairs Limited of £10,414 (2024: £3,226 ) for overheads and services. At 31 July 2025, £4,033 was owed from Essex Dent Repairs Limited and £4,316 from Smart Automotive Repairs Limited.

9	Commitments under operating leases

	As from August 2024 the Company entered into a new 5 year lease at £4,300 per month.

10	Bank charge

	There exists a fixed and floating Bank Charge over the assets of the Company, in favour of Barclays Bank PLC dated 25/11/2003.

11	Other information

	Essex Smart Repairs Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1
	19a, Robjohns Road
	Widford Industrial Estate
	Chelmsford, Essex
	CM1 3AG