REGISTERED NUMBER: 10190012 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

Mustoes Specialist Vehicle Body Repairs

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E A Mustoe

D Mustoe

A Mustoe

REGISTERED OFFICE:

Unit 3

Castleway

Severn Bridge Industrial Estate

Caldicot

Monmouthshire

NP26 4TH

REGISTERED NUMBER:

10190012 (England and Wales)

ACCOUNTANTS:

Knights

2A Lighthouse Trade Park

Church Road

Lydney

Gloucestershire

GL15 5EN

FIXED ASSETS

Tangible assets

4

390,873

354,203

CURRENT ASSETS

Stocks

36,000

35,000

Debtors

5

1,306,959

903,171

Cash at bank

25,299

212,986

1,368,258

1,151,157

CREDITORS

Amounts falling due within one year

6

462,369

348,512

NET CURRENT ASSETS

905,889

802,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,296,762

1,156,848

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

8

(58,627

)

(51,660

)

NET ASSETS

1,233,135

1,090,188

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,233,134

1,090,187

SHAREHOLDERS' FUNDS

1,233,135

1,090,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

E A Mustoe - Director

D Mustoe - Director

A Mustoe - Director

1.	STATUTORY INFORMATION

Mustoes Specialist Vehicle Body Repairs 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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 23 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

273,874

292,137

251,964

15,233

833,208

Additions

-

23,075

74,410

3,301

100,786

At 30 April 2026

273,874

315,212

326,374

18,534

933,994

DEPRECIATION

At 1 May 2025

106,990

210,637

150,001

11,377

479,005

Charge for year

14,226

23,326

25,491

1,073

64,116

At 30 April 2026

121,216

233,963

175,492

12,450

543,121

NET BOOK VALUE

At 30 April 2026

152,658

81,249

150,882

6,084

390,873

At 30 April 2025

166,884

81,500

101,963

3,856

354,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

416,734

185,707

Other debtors

890,225

717,464

1,306,959

903,171

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

27,509

36,743

Hire purchase contracts

57,640

4,328

Trade creditors

190,328

179,330

Taxation and social security

178,523

106,254

Other creditors

8,369

21,857

462,369

348,512

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

5,000

15,000

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

58,627

51,660

Deferred

tax

£

Balance at 1 May 2025

51,660

Accelerated Capital Allowances

6,967

Balance at 30 April 2026

58,627