Redhill Vehicle Body Repairs Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Redhill Vehicle Body Repairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07917135 . The registered office is 17 Holmethorpe Avenue, Redhill, Surrey, RH1 2NB.

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.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets consists of Fix Auto UK franchise fee. 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:

Plant & Machinery	25% Straight line
Computer Equipment	25% Straight line

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.

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Redhill Vehicle Body Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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Redhill Vehicle Body Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Redhill Vehicle Body Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 14)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	15,000

As at 31 December 2025	15,000

Amortisation
As at 1 January 2025	15,000

As at 31 December 2025	15,000

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	108,948	18,149	127,097
Additions	17,383	2,672	20,055
Disposals	(12,983 )	(1,078 )	(14,061 )

As at 31 December 2025	113,348	19,743	133,091

Depreciation
As at 1 January 2025	54,623	10,041	64,664
Provided during the period	27,183	2,761	29,944

As at 31 December 2025	81,806	12,802	94,608

Net Book Value
As at 31 December 2025	31,542	6,941	38,483

As at 1 January 2025	54,325	8,108	62,433

6. Stocks

	2025	2024
	£	£
Stock	42,461	7,110

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Redhill Vehicle Body Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	120,689	70,706
Other debtors	9,080	24,413

	129,769	95,119
Due after more than one year
Other debtors	8,396	8,396

	138,165	103,515

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	108,927	120,178
Bank loans and overdrafts	24,353	9,801
Other creditors	54,292	42,164
Taxation and social security	46,162	51,948

	233,734	224,091

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

	2025	2024
	£	£
Bank loans	98,649	9,606

10. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	24,353	9,801

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	98,649	9,606

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Redhill Vehicle Body Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	9,621	15,608

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50	100

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	103,025	114,134
Later than one year and not later than five years	71,132	119,792

	174,157	233,926

14. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £10,861 (2024: £51,028).

At the balance sheet date contributions of £NIL were due to the fund.

15. Directors Advances, Credits and Guarantees

Included in other creditors due within one year is a loan from the directors, Mr A Melnick and Mrs K Melnick amounting to £1,000 (2024: £255).

16. Controlling Parties

The company's controlling party is Mr A Melnick and Mrs K Melnick by virtue of their interest in the share capital of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		38,483		62,433

			38,483		62,433
CURRENT ASSETS
Stocks	6	42,461		7,110
Debtors	7	138,165		103,515
Cash at bank and in hand		150,982		181,727

		331,608		292,352
Creditors: Amounts Falling Due Within One Year	8	(233,734 )		(224,091 )

NET CURRENT ASSETS (LIABILITIES)			97,874		68,261

TOTAL ASSETS LESS CURRENT LIABILITIES			136,357		130,694

Creditors: Amounts Falling Due After More Than One Year	9		(98,649 )		(9,606 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(9,621 )		(15,608 )

NET ASSETS			28,087		105,480

CAPITAL AND RESERVES
Called up share capital	12		50		100
Profit and Loss Account			28,037		105,380

SHAREHOLDERS' FUNDS			28,087		105,480