Renovate Body Repairs Ltd

Renovate Body Repairs Ltd

RENOVATE BODY REPAIRS LTD - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.15 10008074business:PrivateLimitedCompanyLtd2019-04-012020-03-31 100080742019-03-31 100080742019-04-012020-03-31 10008074business:AuditExemptWithAccountantsReport2019-04-012020-03-31 10008074business:FullAccounts2019-04-012020-03-31 100080742020-03-31 10008074business:Director12019-04-012020-03-31 10008074business:RegisteredOffice2019-04-012020-03-31 100080742019-03-31 10008074core:WithinOneYear2020-03-31 10008074core:WithinOneYear2019-03-31 10008074core:AfterOneYear2020-03-31 10008074core:AfterOneYear2019-03-31 10008074core:ShareCapital2020-03-31 10008074core:ShareCapital2019-03-31 10008074core:RetainedEarningsAccumulatedLosses2020-03-31 10008074core:RetainedEarningsAccumulatedLosses2019-03-31 10008074business:SmallEntities2019-04-012020-03-31 10008074countries:EnglandWales2019-04-012020-03-31 10008074core:PlantMachinery2019-04-012020-03-31 10008074core:MotorVehicles2019-04-012020-03-31 10008074core:Goodwill2019-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2019-03-31 10008074core:Goodwill2020-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2020-03-31 10008074core:Goodwill2019-04-012020-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-31 10008074core:PlantMachinery2019-03-31 10008074core:MotorVehicles2019-03-31 10008074core:PlantMachinery2020-03-31 10008074core:MotorVehicles2020-03-31 100080742018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10008074 (England and Wales)
Renovate Body Repairs Ltd Unaudited accounts for the year ended 31 March 2020
Renovate Body Repairs Ltd Unaudited accounts Contents
Page
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Renovate Body Repairs Ltd Company Information for the year ended 31 March 2020
Director
R Evans
Company Number
10008074 (England and Wales)
Registered Office
Unit 10 Parc Menter Cross Hands Llanelli Carmarthenshire SA14 6RA United Kingdom
Accountants
Waltwood Accountants Bron Haul Johns Terrace, Carmel Llanelli Carmarthenshire SA14 7SD
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Renovate Body Repairs Ltd Accountants' report
Accountants' report to the director of Renovate Body Repairs Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Renovate Body Repairs Ltd for the year ended 31 March 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Renovate Body Repairs Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Renovate Body Repairs Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Renovate Body Repairs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Renovate Body Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Renovate Body Repairs Ltd. You consider that Renovate Body Repairs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Renovate Body Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Waltwood Accountants Bron Haul Johns Terrace, Carmel Llanelli Carmarthenshire SA14 7SD 21 April 2020
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Renovate Body Repairs Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
6,842 
8,816 
Tangible assets
5
23,842 
14,905 
30,684 
23,721 
Current assets
Inventories
6
3,950 
3,900 
Debtors
7
10,643 
38,704 
Cash at bank and in hand
40,665 
20,212 
55,258 
62,816 
Creditors: amounts falling due within one year
8
(45,842)
(21,105)
Net current assets
9,416 
41,711 
Total assets less current liabilities
40,100 
65,432 
Creditors: amounts falling due after more than one year
9
(4,099)
(7,118)
Net assets
36,001 
58,314 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
36,000 
58,313 
Shareholders' funds
36,001 
58,314 
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 April 2020 and were signed on its behalf by
R Evans Director Company Registration No. 10008074
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Renovate Body Repairs Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Renovate Body Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 10008074. The registered office is Unit 10 Parc Menter, Cross Hands, Llanelli, Carmarthenshire, SA14 6RA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2019
9,868 
2,896 
12,764 
At 31 March 2020
9,868 
2,896 
12,764 
Amortisation
At 1 April 2019
3,948 
- 
3,948 
Charge for the year
1,974 
- 
1,974 
At 31 March 2020
5,922 
- 
5,922 
Net book value
At 31 March 2020
3,946 
2,896 
6,842 
At 31 March 2019
5,920 
2,896 
8,816 
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Renovate Body Repairs Ltd Notes to the Accounts for the year ended 31 March 2020
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
18,377 
12,918 
31,295 
Additions
16,885 
- 
16,885 
At 31 March 2020
35,262 
12,918 
48,180 
Depreciation
At 1 April 2019
10,528 
5,862 
16,390 
Charge for the year
6,184 
1,764 
7,948 
At 31 March 2020
16,712 
7,626 
24,338 
Net book value
At 31 March 2020
18,550 
5,292 
23,842 
At 31 March 2019
7,849 
7,056 
14,905 
6
Inventories
2020 
2019 
£ 
£ 
Raw materials
3,950 
3,900 
3,950 
3,900 
7
Debtors
2020 
2019 
£ 
£ 
Trade debtors
10,643 
38,704 
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,019 
2,361 
Trade creditors
2,852 
9,213 
Taxes and social security
3,469 
9,353 
Loans from directors
36,502 
178 
45,842 
21,105 
9
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,099 
7,118 
10
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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