Wilsons Accident Repair Centre Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07204280

Wilsons Accident Repair Centre Ltd

Filleted Unaudited Financial Statements

31 August 2025

Wilsons Accident Repair Centre Ltd

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed Assets

Intangible assets	5	1,247	1,247
Tangible assets	6	40,557	30,897
		--------	--------
		41,804	32,144

Current Assets

Stocks		20,388	21,250
Debtors	7	151,203	239,129
Cash at bank and in hand		15,394	33,076
		---------	---------
		186,985	293,455

Creditors: amounts falling due within one year	8	121,926		167,268
		---------		---------
Net Current Assets			65,059	126,187
			---------	---------
Total Assets Less Current Liabilities			106,863	158,331

Creditors: amounts falling due after more than one year	9		25,379	26,192

Provisions

Taxation including deferred tax	6,930	4,412
	---------	---------
Net Assets	74,554	127,727
	---------	---------

Wilsons Accident Repair Centre Ltd

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£

Capital and Reserves

Called up share capital	100	100
Profit and loss account	74,454	127,627
	--------	---------
Shareholders Funds	74,554	127,727
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr P S Clifton

Director

Company registration number: 07204280

Wilsons Accident Repair Centre Ltd

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3B, Rossett Business Village, Rossett, Wrexham, LL12 0AY, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

The turnover shown in the profit and loss account represents the amount of work done during the year, exclusive of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	25% straight line
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactional value and subsequently measured at their settlement value. Prepayments and deferred income do not constitute basic financial instruments.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).

5. Intangible assets

	Goodwill	Intangible assets	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	70,000	1,247	71,247
	--------	-------	--------
Amortisation
At 1 September 2024 and 31 August 2025	70,000	–	70,000
	--------	-------	--------
Carrying amount
At 31 August 2025	–	1,247	1,247
	--------	-------	--------
At 31 August 2024	–	1,247	1,247
	--------	-------	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	37,616	104,725	32,066	29,351	203,758
Additions	–	6,315	16,271	750	23,336
Disposals	–	–	–	( 938)	( 938)
	--------	---------	--------	--------	---------
At 31 August 2025	37,616	111,040	48,337	29,163	226,156
	--------	---------	--------	--------	---------
Depreciation
At 1 September 2024	37,616	79,318	28,939	26,988	172,861
Charge for the year	–	7,931	4,850	739	13,520
Disposals	–	–	–	( 782)	( 782)
	--------	---------	--------	--------	---------
At 31 August 2025	37,616	87,249	33,789	26,945	185,599
	--------	---------	--------	--------	---------
Carrying amount
At 31 August 2025	–	23,791	14,548	2,218	40,557
	--------	---------	--------	--------	---------
At 31 August 2024	–	25,407	3,127	2,363	30,897
	--------	---------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	39,811	68,489
Other debtors	111,392	170,640
	---------	---------
	151,203	239,129
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,514	10,514
Trade creditors	65,658	91,352
Corporation tax	9,017	38,329
Social security and other taxes	24,696	19,361
Other creditors	12,041	7,712
	---------	---------
	121,926	167,268
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	20,678	26,192
Other creditors	4,701	–
	--------	--------
	25,379	26,192
	--------	--------

10. Prior period errors

During the previous year the company ceased to qualify as being eligible to prepare accounts under FRS105, therefore, financial statements for the year ended 31 August 2025 have been prepared in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The transitional adjustments made in the previous year related to the recognition of a provision for deferred tax liability which has been recognised as a prior year adjustment in these financial statements as follows:

	2025	2024
	£	£
Brought forward as previously reported	127,627	110,783

Prior year adjustment:
Year Ended 31 August 2022 deferred tax creditor	–	(3,366)
Year Ended 31 August 2023 deferred tax creditor	–	1,192

	---------	---------
Brought forward reserves as restated	127,627	108,609
	---------	---------

There were no other adjustments necessary to comply with Section 1A of FRS102.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr & Mrs P S Clifton	147,606	58,953	( 117,372)	89,187
	---------	--------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr & Mrs P S Clifton	122,474	131,133	( 106,000)	147,607
	---------	---------	---------	---------

The above loan is unsecured and repayable on demand. Interest is charged at 2.25%.