Rizzo's Auto Repairs Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC678011

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		82,353		55,526

			82,353		55,526
CURRENT ASSETS
Stocks	5	-		20,000
Debtors	6	36,902		8,520
Cash at bank and in hand		19,421		25,098

		56,323		53,618
Creditors: Amounts Falling Due Within One Year	7	(62,704 )		(63,167 )

NET CURRENT ASSETS (LIABILITIES)			(6,381 )		(9,549 )

TOTAL ASSETS LESS CURRENT LIABILITIES			75,972		45,977

Creditors: Amounts Falling Due After More Than One Year	8		(66,134 )		(25,090 )

NET ASSETS			9,838		20,887

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			9,837		20,886

SHAREHOLDERS' FUNDS			9,838		20,887

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Rizzo's Auto Repairs Ltd

Balance Sheet (continued)

As At 31 October 2025

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

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

The director acknowledges his 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 Craig Louden

Director

26/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Rizzo's Auto Repairs Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC678011 . The registered office is 21 Strathesk Place, Penicuick, Midlothian, EH26 8EB.

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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

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

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Rizzo's Auto Repairs Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 November 2024	87,722	6,781	3,022	97,525
Additions	1,816	39,131	-	40,947

As at 31 October 2025	89,538	45,912	3,022	138,472

Depreciation
As at 1 November 2024	37,861	2,689	1,449	41,999
Provided during the period	12,767	873	480	14,120

As at 31 October 2025	50,628	3,562	1,929	56,119

Net Book Value
As at 31 October 2025	38,910	42,350	1,093	82,353

As at 1 November 2024	49,861	4,092	1,573	55,526

5. Stocks

	2025	2024
	£	£
Work in progress	-	20,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	36,902	8,520

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,421	5,283
Trade creditors	26,034	30,158
Bank loans and overdrafts	11,000	5,000
Other creditors	10,434	8,619
Taxation and social security	5,815	14,107

	62,704	63,167

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	42,667	18,378
Bank loans	23,467	6,712

	66,134	25,090

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Rizzo's Auto Repairs Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,421	5,283
Later than one year and not later than five years	42,667	18,378

	52,088	23,661

	52,088	23,661

10. Share Capital

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

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