Renovate Body Repairs Ltd

Renovate Body Repairs Ltd

RENOVATE BODY REPAIRS LTD - Company Information

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1 April 2021 false No description of principal activity Taxfiler 2022.10.5 10008074business:PrivateLimitedCompanyLtd2021-04-012022-03-31 100080742021-03-31 100080742021-04-012022-03-31 10008074business:AuditExemptWithAccountantsReport2021-04-012022-03-31 10008074business:FullAccounts2021-04-012022-03-31 100080742022-03-31 10008074business:Director12021-04-012022-03-31 10008074business:RegisteredOffice2021-04-012022-03-31 100080742021-03-31 10008074core:WithinOneYear2022-03-31 10008074core:WithinOneYear2021-03-31 10008074core:AfterOneYear2022-03-31 10008074core:AfterOneYear2021-03-31 10008074core:ShareCapital2022-03-31 10008074core:ShareCapital2021-03-31 10008074core:RetainedEarningsAccumulatedLosses2022-03-31 10008074core:RetainedEarningsAccumulatedLosses2021-03-31 10008074business:SmallEntities2021-04-012022-03-31 10008074countries:EnglandWales2021-04-012022-03-31 10008074core:PlantMachinery2021-04-012022-03-31 10008074core:MotorVehicles2021-04-012022-03-31 10008074core:Goodwill2021-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2021-03-31 10008074core:Goodwill2022-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2022-03-31 10008074core:Goodwill2021-04-012022-03-31 10008074core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31 10008074core:PlantMachinery2021-03-31 10008074core:MotorVehicles2021-03-31 10008074core:PlantMachinery2022-03-31 10008074core:MotorVehicles2022-03-31 100080742020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10008074 (England and Wales)
Renovate Body Repairs Ltd Unaudited accounts for the year ended 31 March 2022
Renovate Body Repairs Ltd Unaudited accounts Contents
Page
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Renovate Body Repairs Ltd Company Information for the year ended 31 March 2022
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 2022
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 2022 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 8 November 2022
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Renovate Body Repairs Ltd Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
2,894 
4,868 
Tangible assets
5
26,654 
23,938 
29,548 
28,806 
Current assets
Inventories
8,552 
5,950 
Debtors
6
15,762 
2,813 
Cash at bank and in hand
26,344 
50,006 
50,658 
58,769 
Creditors: amounts falling due within one year
7
(17,918)
(9,028)
Net current assets
32,740 
49,741 
Total assets less current liabilities
62,288 
78,547 
Creditors: amounts falling due after more than one year
8
(51,531)
(67,471)
Net assets
10,757 
11,076 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10,756 
11,075 
Shareholders' funds
10,757 
11,076 
For the year ending 31 March 2022 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 8 November 2022 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 2022
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 2021
9,868 
2,896 
12,764 
At 31 March 2022
9,868 
2,896 
12,764 
Amortisation
At 1 April 2021
7,896 
- 
7,896 
Charge for the year
1,974 
- 
1,974 
At 31 March 2022
9,870 
- 
9,870 
Net book value
At 31 March 2022
(2)
2,896 
2,894 
At 31 March 2021
1,972 
2,896 
4,868 
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Renovate Body Repairs Ltd Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
43,337 
12,918 
56,255 
Additions
5,300 
6,300 
11,600 
At 31 March 2022
48,637 
19,218 
67,855 
Depreciation
At 1 April 2021
23,368 
8,949 
32,317 
Charge for the year
6,317 
2,567 
8,884 
At 31 March 2022
29,685 
11,516 
41,201 
Net book value
At 31 March 2022
18,952 
7,702 
26,654 
At 31 March 2021
19,969 
3,969 
23,938 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,762 
2,080 
Other debtors
- 
733 
15,762 
2,813 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
7,000 
- 
Obligations under finance leases and hire purchase contracts
- 
3,321 
Trade creditors
3,258 
3,809 
Taxes and social security
7,660 
1,898 
17,918 
9,028 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
22,167 
35,000 
Obligations under finance leases and hire purchase contracts
- 
778 
Loans from directors
29,364 
31,693 
51,531 
67,471 
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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