M R Smart Repair Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10337838

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		201		236
Tangible Assets	5		322,689		336,125

			322,890		336,361
CURRENT ASSETS
Stocks	6	10,000		12,000
Debtors	7	32,374		29,566
Cash at bank and in hand		23,513		31,675

		65,887		73,241
Creditors: Amounts Falling Due Within One Year	8	(133,364 )		(115,141 )

NET CURRENT ASSETS (LIABILITIES)			(67,477 )		(41,900 )

TOTAL ASSETS LESS CURRENT LIABILITIES			255,413		294,461

Creditors: Amounts Falling Due After More Than One Year	9		(180,076 )		(184,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(10,078 )

NET ASSETS			75,337		99,716

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			75,336		99,715

SHAREHOLDERS' FUNDS			75,337		99,716

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M R Smart Repair Limited

Balance Sheet (continued)

As At 31 August 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Page

Director

26th May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

M R Smart Repair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10337838 . The registered office is Autoprepuk, Unit A-C, Dane Valley Road, St Peters, Broadstairs, KENT, CT10 3JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are private plates registered to Company vehicles. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 years, applied to buildings only
Plant & Machinery	25%,straight line
Motor Vehicles	13 to 30%,reducing balance
Office Equipment	4 years,straight line
Computer Equipment	44%,reducing balance

Assets considered to lose their value at purchase are fully depreciated at purchase.

2.5. Leasing and Hire Purchase Contracts

Finance Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and their useful lives.

Finance leases are those where substantially all of the risks and rewards of ownership are transferred to the Company.

Obligations under such agreements are included within creditors, net of the finance charges allocated to future periods.

The finance cost element of the lease payments is charged to the profit and loss account using the effective interest method, resulting in a constant periodic rate of charge on the outstanding liability.

Hire Purchase Contracts

Assets acquired under hire purchase agreements are capitalised and depreciated over their useful economic lives, in line with owned assets. The capital element is included within creditors and finance charges are recognised in the profit and loss account over the term of the agreement on an effective interest basis.

Operating Leases

Rentals under operating leases, where substantially all of the risks and rewards of ownership remain with the lessor, are charged to the profit and loss account on a straight-line basis over the lease term, unless another basis is more representative of the pattern of benefit.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

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M R Smart Repair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	350

As at 31 August 2025	350

Amortisation
As at 1 September 2024	114
Provided during the period	35

As at 31 August 2025	149

Net Book Value
As at 31 August 2025	201

As at 1 September 2024	236

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Office Equipment
	£	£	£	£
Cost
As at 1 September 2024	310,773	40,189	34,744	6,294
Additions	-	3,480	-	-

As at 31 August 2025	310,773	43,669	34,744	6,294

Depreciation
As at 1 September 2024	17,171	22,960	14,030	1,783
Provided during the period	4,216	8,208	2,959	1,503

As at 31 August 2025	21,387	31,168	16,989	3,286

Net Book Value
As at 31 August 2025	289,386	12,501	17,755	3,008

As at 1 September 2024	293,602	17,229	20,714	4,511

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M R Smart Repair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 September 2024	833	392,833
Additions	-	3,480

As at 31 August 2025	833	396,313

Depreciation
As at 1 September 2024	764	56,708
Provided during the period	30	16,916

As at 31 August 2025	794	73,624

Net Book Value
As at 31 August 2025	39	322,689

As at 1 September 2024	69	336,125

6. Stocks

	2025	2024
	£	£
Stock	10,000	12,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,828	18,175
Prepayments and accrued income	1,826	11,391
Other debtors	420	-
Amounts owed by associates	1,300	-

	32,374	29,566

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,020	15,679
Trade creditors	-	2,888
Bank loans and overdrafts	7,086	9,854
Corporation tax	24,200	24,392
Other taxes and social security	9,941	8,309
VAT	2,547	6,058
Other creditors	4,839	11,309
Accruals and deferred income	22,142	1,641
Directors' loan accounts	26,189	23,611
Amounts owed to associates	23,400	11,400

	133,364	115,141

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M R Smart Repair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	180,076	184,667

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,020	15,679

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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