ACCOUNTS - Final Accounts preparation

Company registration number: 06996197

CAR BODY SOLUTIONS LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2026

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


CAR BODY SOLUTIONS LIMITED Registered number:06996197

Statement of financial position

As at 31 March 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		2,667		727
			2,667		727
Current assets
Stocks		6,000		6,000
Debtors: amounts falling due within one year	5	22,589		43,662
Cash at bank and in hand		-		29
		28,589		49,691
Creditors: amounts falling due within one year	6	(22,088)		(41,392)
Net current assets			6,501		8,299
Total assets less current liabilities			9,168		9,026
Creditors: amounts falling due after more than one year	7		(5,721)		(7,875)

Net assets			3,447		1,151

Capital and reserves
Called up share capital	100	100
Profit and loss account	3,347	1,051
	3,447	1,151

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CAR BODY SOLUTIONS LIMITED Registered number:06996197

Statement of financial position (continued)

As at 31 March 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr D Kent

Director

Date: 22 September 2026

The notes on pages 3 to 7 form part of these financial statements.

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CAR BODY SOLUTIONS LIMITED

Notes to the financial statements

For the year ended 31 March 2026

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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CAR BODY SOLUTIONS LIMITED

Notes to the financial statements

For the year ended 31 March 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	25%	straight line
				Computer equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and all other costs incurred in bringing the stock to its presentlocation and condition.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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CAR BODY SOLUTIONS LIMITED

Notes to the financial statements

For the year ended 31 March 2026

2.Accounting policies (continued)

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 3).

4.	Tangible fixed assets

	Plant and machinery	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2025	7,007	646	7,653
Additions	2,099	1,005	3,104
At 31 March 2026	9,106	1,651	10,757
Depreciation
At 1 April 2025	6,363	563	6,926
Charge for the year on owned assets	829	335	1,164
At 31 March 2026	7,192	898	8,090
Net book value
At 31 March 2026	1,914	753	2,667
At 31 March 2025	644	83	727

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CAR BODY SOLUTIONS LIMITED

Notes to the financial statements

For the year ended 31 March 2026

Debtors

					2026	2025
					£	£


Trade debtors	6,907	16,413
Other debtors	15,682	27,249
	22,589	43,662

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdrafts	8,414	25,558
Bank loans	1,500	1,014
Corporation tax	4,971	6,771
Other taxation and social security	6,013	7,000
Other creditors	75	74
Accruals and deferred income	1,115	975
	22,088	41,392

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	5,721	7,875
	5,721	7,875

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CAR BODY SOLUTIONS LIMITED

Notes to the financial statements

For the year ended 31 March 2026

8.	Director's advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

		2026
	Balance brought forward	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Kent	20,370	26,354	(35,000)	11,724
		2025
	Balance brought forward	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Kent	21,567	26,802	(27,999)	20,370

Related party transactions

The company was under the control of Mr Darren Kent and Mrs Joanne Kent throughout the current period, with each holding fifty percent of the shareholding. Mr Kent is the sole director.
The company occupies a property owned by the director for the purpose of its trade. No rent is charged under this arrangement. At the year end Mr Kent owed £11,724 to the company (2025: £20,370).
Interest is chargeable on debit balances at a rate of 2.5%. Interest charged for the year was £286 (2025: £497).
No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102

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