Flitwick Motors (Repairs) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04161085 (England and Wales)

FLITWICK MOTORS

(REPAIRS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Davies

Mrs S R Davies

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

04161085 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

5,747

6,209

CURRENT ASSETS

Stocks

13,482

-

Debtors

5

6,476

4,089

Prepayments and accrued income

5,425

5,650

Cash at bank and in hand

461,530

442,154

486,913

451,893

CREDITORS

Amounts falling due within one year

6

343,758

318,653

NET CURRENT ASSETS

143,155

133,240

TOTAL ASSETS LESS CURRENT
LIABILITIES

148,902

139,449

PROVISIONS FOR LIABILITIES

7

1,523

1,552

NET ASSETS

147,379

137,897

CAPITAL AND RESERVES

Called up share capital

8

200

Retained earnings

147,179

137,697

SHAREHOLDERS' FUNDS

147,379

137,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:

M Davies - Director

1.	STATUTORY INFORMATION

Flitwick Motors (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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 April 2024

16,214

28,745

44,959

Additions

1,500

-

1,500

At 31 March 2025

17,714

28,745

46,459

DEPRECIATION

At 1 April 2024

12,921

25,829

38,750

Charge for year

1,233

729

1,962

At 31 March 2025

14,154

26,558

40,712

NET BOOK VALUE

At 31 March 2025

3,560

2,187

5,747

At 31 March 2024

3,293

2,916

6,209

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

6,476

4,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

20,612

17,454

Corporation tax

19,384

24,094

Social security and other taxes

41

21

VAT

5,541

4,618

Directors' current accounts

292,689

267,276

Accrued expenses

5,491

5,190

343,758

318,653

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

1,523

1,552

Deferred

tax

£

Balance at 1 April 2024

1,552

Credit to Income Statement during year

(29

)

Balance at 31 March 2025

1,523

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary £1

£1

100

Ordinary "A" £1

£1

100

200

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

M Davies

Balance outstanding at start of year

133,638

122,366

Amounts advanced

12,706

11,272

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

146,344

133,638

Mrs S R Davies

Balance outstanding at start of year

133,638

122,367

Amounts advanced

12,707

11,271

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

146,345

133,638