5 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 62,000 62,000 62,000 2,273 862 353 1,215 1,058 1,411 xbrli:pure xbrli:shares iso4217:GBP 11221347 2022-03-01 2023-02-28 11221347 2023-02-28 11221347 2022-02-28 11221347 2021-03-01 2022-02-28 11221347 2022-02-28 11221347 core:PlantMachinery 2022-03-01 2023-02-28 11221347 bus:Director1 2022-03-01 2023-02-28 11221347 core:PlantMachinery 2022-02-28 11221347 core:PlantMachinery 2023-02-28 11221347 core:WithinOneYear 2023-02-28 11221347 core:WithinOneYear 2022-02-28 11221347 core:AfterOneYear 2023-02-28 11221347 core:AfterOneYear 2022-02-28 11221347 core:ShareCapital 2023-02-28 11221347 core:ShareCapital 2022-02-28 11221347 core:RetainedEarningsAccumulatedLosses 2023-02-28 11221347 core:RetainedEarningsAccumulatedLosses 2022-02-28 11221347 core:PlantMachinery 2022-02-28 11221347 bus:SmallEntities 2022-03-01 2023-02-28 11221347 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11221347 bus:FullAccounts 2022-03-01 2023-02-28 11221347 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11221347 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11221347 core:OtherResidualIntangibleAssets 2023-02-28 11221347 core:OtherResidualIntangibleAssets 2022-02-28
COMPANY REGISTRATION NUMBER: 11221347
RUGBY CAR WASH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
RUGBY CAR WASH LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
62,000
62,000
Tangible assets
6
1,058
1,411
--------
--------
63,058
63,411
CURRENT ASSETS
Stocks
500
Debtors
7
265
Cash at bank and in hand
10,608
14,333
--------
--------
11,373
14,333
CREDITORS: amounts falling due within one year
8
28,907
32,238
--------
--------
NET CURRENT LIABILITIES
17,534
17,905
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
45,524
45,506
CREDITORS: amounts falling due after more than one year
9
84,338
92,338
--------
--------
NET LIABILITIES
( 38,814)
( 46,832)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
( 38,914)
( 46,932)
--------
--------
SHAREHOLDERS DEFICIT
( 38,814)
( 46,832)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RUGBY CAR WASH LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Mr I Deda
Director
Company registration number: 11221347
RUGBY CAR WASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2022: 6 ).
5. INTANGIBLE ASSETS
Franchise Fee
£
Cost
At 1 March 2022 and 28 February 2023
62,000
--------
Amortisation
At 1 March 2022 and 28 February 2023
--------
Carrying amount
At 28 February 2023
62,000
--------
At 28 February 2022
62,000
--------
6. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 March 2022 and 28 February 2023
2,273
-------
Depreciation
At 1 March 2022
862
Charge for the year
353
-------
At 28 February 2023
1,215
-------
Carrying amount
At 28 February 2023
1,058
-------
At 28 February 2022
1,411
-------
7. DEBTORS
2023
2022
£
£
Other debtors
265
----
----
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8,000
8,000
Social security and other taxes
1,277
1,995
Pension Creditor
45
54
Other creditors
19,585
22,189
--------
--------
28,907
32,238
--------
--------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,338
30,338
Other creditors
62,000
62,000
--------
--------
84,338
92,338
--------
--------
10. GOING CONCERN
The directors have considered the period to November 2024 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.