Renovate Body Repairs Ltd

Renovate Body Repairs Ltd

RENOVATE BODY REPAIRS LTD - Company Information

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Company Registration No. 10008074 (England and Wales)
Renovate Body Repairs Ltd Unaudited accounts for the year ended 31 March 2018
Renovate Body Repairs Ltd Unaudited accounts Contents
Page
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Renovate Body Repairs Ltd Company Information for the year ended 31 March 2018
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 2018
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 2018 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 29 August 2018
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Renovate Body Repairs Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
7,894 
9,868 
Tangible assets
5
19,873 
14,390 
27,767 
24,258 
Current assets
Inventories
6
3,800 
3,700 
Debtors
7
42,106 
8,193 
Cash at bank and in hand
77,901 
23,088 
123,807 
34,981 
Creditors: amounts falling due within one year
8
(88,015)
(53,941)
Net current assets/(liabilities)
35,792 
(18,960)
Total assets less current liabilities
63,559 
5,298 
Creditors: amounts falling due after more than one year
9
(7,979)
- 
Net assets
55,580 
5,298 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
55,579 
5,297 
Shareholders' funds
55,580 
5,298 
For the year ending 31 March 2018 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.
Approved by the Board on 29 August 2018.
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 2018
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 
£ 
Cost
At 1 April 2017
9,868 
At 31 March 2018
9,868 
Amortisation
At 1 April 2017
- 
Charge for the year
1,974 
At 31 March 2018
1,974 
Net book value
At 31 March 2018
7,894 
At 31 March 2017
9,868 
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Renovate Body Repairs Ltd Notes to the Accounts for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2017
17,687 
1,500 
19,187 
Additions
690 
11,418 
12,108 
At 31 March 2018
18,377 
12,918 
31,295 
Depreciation
At 1 April 2017
4,422 
375 
4,797 
Charge for the year
3,489 
3,136 
6,625 
At 31 March 2018
7,911 
3,511 
11,422 
Net book value
At 31 March 2018
10,466 
9,407 
19,873 
At 31 March 2017
13,265 
1,125 
14,390 
6
Inventories
2018 
2017 
£ 
£ 
Raw materials
3,800 
3,700 
3,800 
3,700 
7
Debtors
2018 
2017 
£ 
£ 
Trade debtors
42,106 
6,090 
Other debtors
- 
2,103 
42,106 
8,193 
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,202 
- 
Trade creditors
2,026 
3,564 
Taxes and social security
26,116 
8,346 
Loans from directors
56,671 
42,031 
88,015 
53,941 
9
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,979 
- 
10
Average number of employees
During the year the average number of employees was 1 (2017: 1).
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