REGISTERED NUMBER: 05508294 (England and Wales)

RANDALL HOWELL AND SON ACCIDENT REPAIR

CENTRE LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Howell

A Howell

SECRETARY:

J R Howell

REGISTERED OFFICE:

Union Road Industrial Estate

ABERGAVENNY

Monmouthsire

NP7 7RQ

REGISTERED NUMBER:

05508294 (England and Wales)

ACCOUNTANTS:

MHA

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

37,675

45,217

CURRENT ASSETS

Stocks

154,876

129,645

Debtors

5

92,926

111,493

Cash at bank and in hand

36,441

50,738

284,243

291,876

CREDITORS

Amounts falling due within one year

6

(287,845

)

(299,313

)

NET CURRENT LIABILITIES

(3,602

)

(7,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,073

37,780

PROVISIONS FOR LIABILITIES

8

(33,242

)

(36,218

)

NET ASSETS

831

1,562

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

730

1,461

SHAREHOLDERS' FUNDS

831

1,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

A Howell - Director

1.	STATUTORY INFORMATION

Randall Howell and Son Accident Repair Centre 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on completion of a repair to a vehicle.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20-25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

Fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

2,516

170,249

33,741

24,113

230,619

DEPRECIATION

At 1 September 2024

2,516

133,459

29,586

19,841

185,402

Charge for year

-

4,633

1,935

974

7,542

At 31 August 2025

2,516

138,092

31,521

20,815

192,944

NET BOOK VALUE

At 31 August 2025

-

32,157

2,220

3,298

37,675

At 31 August 2024

-

36,790

4,155

4,272

45,217

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

75,278

104,862

Other debtors

17,648

6,631

92,926

111,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

51,627

52,264

Trade creditors

103,947

102,859

Taxation and social security

22,542

16,141

Other creditors

109,729

128,049

287,845

299,313

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

51,627

52,264

The debt is secured by a debenture against all the assets held by the company.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

8,409

10,096

Other provisions

24,833

26,122

33,242

36,218

Warranty

Deferred

& Commission

tax

Provisions

£

£

Balance at 1 September 2024

10,096

26,122

Movement for year

(1,687

)

(1,289

)

Balance at 31 August 2025

8,409

24,833

Deferred tax is in respect of fixed asset timing differences.