PAUL'S AUTO REPAIRS LIMITED - Filleted accounts

Registered number

04089928

PAUL'S AUTO REPAIRS LIMITED

Filleted Accounts

31 December 2025

PAUL'S AUTO REPAIRS LIMITED
Registered number:		04089928
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		470,802			545,655

Current assets
Stocks		3,665			4,165
Debtors	4	289,113			295,563
Cash at bank and in hand		447,054			585,161
		739,832			884,889

Creditors: amounts falling due within one year	5	(209,417)			(365,378)

Net current assets			530,415			519,511

Total assets less current liabilities			1,001,217			1,065,166

Creditors: amounts falling due after more than one year	6		(21,200)			(34,043)



Net assets			980,017			1,031,123

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			979,017			1,030,123

Shareholders' funds			980,017			1,031,123

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G Haddad			Miss P Haddad
Director			Director
Approved by the board on 19 August 2026

PAUL'S AUTO REPAIRS LIMITED
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 work done and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life using the reducing balance method as follows:

	Building improvement			12.50%
	Equipment and tools			20.00%
	Motor vehicle			25.00%

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to money purchase plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					27		24


3	Tangible fixed assets
		Building improvements		Equipment and tools		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	810,465		277,663		195,988		1,284,116
	Additions	-		9,112		7,279		16,391
	At 31 December 2025	810,465		286,775		203,267		1,300,507

	Depreciation
	At 1 January 2025	450,913		200,297		87,251		738,461
	Charge for the year	44,944		17,296		29,004		91,244
	At 31 December 2025	495,857		217,593		116,255		829,705

	Net book value
	At 31 December 2025	314,608		69,182		87,012		470,802
	At 31 December 2024	359,552		77,366		108,737		545,655


4	Debtors					2025		2024
£							£

	Trade debtors					289,113		295,563


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					15,856		15,856
	Trade creditors					-		82,136
	Taxation and social security costs					159,337		221,091
	Other creditors					34,224		46,295
						209,417		365,378


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					21,200		34,043


7	Controlling party

	The company was controlled throughout the current and the previous period by its directors Mr G Haddad and Miss P Haddad who between them own 50% of the ordinary share capital of the company and members of their immediate family who own the remaining 50%


8	Other information

	PAUL'S AUTO REPAIRS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	11 Trading Estate Road
	Park Royal
	London
	NW10 7LU