Registration number: 15624846

Get Smart Vehicle Repairs Limited

trading as ChipsAway

(Registration number: 15624846)
Abridged Balance Sheet as at 30 April 2025

	Note	2025 £
Fixed assets
Tangible assets	5	1,726
Current assets
Stocks	6	1,347
Cash at bank and in hand		9,386
		10,733
Creditors: Amounts falling due within one year		(13,915)
Net current liabilities		(3,182)
Net liabilities		(1,456)
Capital and reserves
Called up share capital	8	100
Retained earnings		(1,556)
Shareholders' deficit		(1,456)

For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 6 January 2026
 

......................................... Mr Neil Duckmanton Director

Get Smart Vehicle Repairs Limited

trading as ChipsAway

Notes to the Unaudited Abridged Financial Statements for the Period from 7 April 2024 to 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Sandford House
Westfield Road
Retford
Nottinghamshire
DN22 7BT
England

These financial statements were authorised for issue by the director on 6 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Get Smart Vehicle Repairs Limited

trading as ChipsAway

Notes to the Unaudited Abridged Financial Statements for the Period from 7 April 2024 to 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Get Smart Vehicle Repairs Limited

trading as ChipsAway

Notes to the Unaudited Abridged Financial Statements for the Period from 7 April 2024 to 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £
Depreciation expense	586

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	2,312	2,312
At 30 April 2025	2,312	2,312
Depreciation
Charge for the period	586	586
At 30 April 2025	586	586
Carrying amount
At 30 April 2025	1,726	1,726

6

Stocks

	2025 £
Other inventories	1,347

7

Debtors

Debtors includes £Nil due after more than one year.

8	Share capital

Allotted, called up and fully paid shares

Get Smart Vehicle Repairs Limited

trading as ChipsAway

Notes to the Unaudited Abridged Financial Statements for the Period from 7 April 2024 to 30 April 2025

	2025
	No.	£
Ordinary shares of £1 each	100	100

9	Related party transactions

Get Smart Vehicle Repairs Limited

trading as ChipsAway

Notes to the Unaudited Abridged Financial Statements for the Period from 7 April 2024 to 30 April 2025

Director's remuneration

The director's remuneration for the period was as follows:

	2025 £
Remuneration	9,000