Registration number: 04702937

Smart Repair Co Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Smart Repair Co Limited

Company Information

Director

Mr Christopher Massey

Registered office

3 Stadium Court Plantation Road Bromborough Wirral CH62 3QG

Accountants

G W Kelly & Company Chartered Certified Accountants3 Stadium Court Plantation Road Bromborough Merseyside CH62 3QG

Smart Repair Co Limited

(Registration number: 04702937)
Balance Sheet as at 27 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	10,390	13,853
Other financial assets	5	1,600	1,600
		11,990	15,453
Current assets
Debtors	6	2,323	8,645
Cash at bank and in hand		32,455	34,510
		34,778	43,155
Creditors: Amounts falling due within one year	7	(33,473)	(44,764)
Net current assets/(liabilities)		1,305	(1,609)
Total assets less current liabilities		13,295	13,844
Creditors: Amounts falling due after more than one year	7	-	(843)
Provisions for liabilities		(1,973)	(2,631)
Net assets		11,322	10,370
Capital and reserves
Called up share capital	8	2	2
Retained earnings		11,320	10,368
Shareholders' funds		11,322	10,370

For the financial year ending 27 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2025
 

Smart Repair Co Limited

(Registration number: 04702937)
Balance Sheet as at 27 February 2025

......................................... Mr Christopher Massey Director

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
4a Brynmau Three
River Lane
Saltney
Chester
CH4 8RQ

These financial statements were authorised for issue by the director on 24 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Office Equipment	25% reducing balance
Motor Vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 28 February 2024	3,624	84,935	88,559
At 27 February 2025	3,624	84,935	88,559
Depreciation
At 28 February 2024	3,623	71,083	74,706
Charge for the year	-	3,463	3,463
At 27 February 2025	3,623	74,546	78,169
Carrying amount
At 27 February 2025	1	10,389	10,390
At 27 February 2024	1	13,852	13,853

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 28 February 2024	1,600	1,600
At 27 February 2025	1,600	1,600
Impairment
Carrying amount
At 27 February 2025	1,600	1,600

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	2,323	8,645
	2,323	8,645

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		-	2,750
Trade creditors		852	1,127
Taxation and social security		6,359	6,625
Other creditors		26,262	34,262
		33,473	44,764

Current loans and borrowings

	2025 £	2024 £
HP and finance lease liabilities	-	2,750

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	843

Non-current loans and borrowings

	2025 £	2024 £
HP and finance lease liabilities	-	843

Other borrowings

8	Share capital

Allotted, called up and fully paid shares

Smart Repair Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2025

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

9	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,828	16,000