1 Stop Instruction Roadcraft Ltd 07907644 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is motorcycle training services. Digita Accounts Production Advanced 6.30.9574.0 true true 07907644 2022-04-01 2023-03-31 07907644 2023-03-31 07907644 bus:OrdinaryShareClass1 2023-03-31 07907644 core:CurrentFinancialInstruments 2023-03-31 07907644 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07907644 core:FurnitureFittingsToolsEquipment 2023-03-31 07907644 core:MotorVehicles 2023-03-31 07907644 core:OtherPropertyPlantEquipment 2023-03-31 07907644 bus:SmallEntities 2022-04-01 2023-03-31 07907644 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07907644 bus:FullAccounts 2022-04-01 2023-03-31 07907644 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07907644 bus:RegisteredOffice 2022-04-01 2023-03-31 07907644 bus:Director1 2022-04-01 2023-03-31 07907644 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07907644 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07907644 core:FurnitureFittings 2022-04-01 2023-03-31 07907644 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07907644 core:MotorVehicles 2022-04-01 2023-03-31 07907644 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 07907644 core:PlantMachinery 2022-04-01 2023-03-31 07907644 countries:EnglandWales 2022-04-01 2023-03-31 07907644 2022-03-31 07907644 core:FurnitureFittingsToolsEquipment 2022-03-31 07907644 core:MotorVehicles 2022-03-31 07907644 core:OtherPropertyPlantEquipment 2022-03-31 07907644 2021-04-01 2022-03-31 07907644 2022-03-31 07907644 bus:OrdinaryShareClass1 2022-03-31 07907644 core:CurrentFinancialInstruments 2022-03-31 07907644 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07907644 core:FurnitureFittingsToolsEquipment 2022-03-31 07907644 core:MotorVehicles 2022-03-31 07907644 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07907644

1 Stop Instruction Roadcraft Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

1 Stop Instruction Roadcraft Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

1 Stop Instruction Roadcraft Ltd

(Registration number: 07907644)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,997

3,638

Current assets

 

Debtors

5

8,600

8,600

Cash at bank and in hand

 

9,911

97,601

 

18,511

106,201

Creditors: Amounts falling due within one year

6

(48,255)

(135,942)

Net current liabilities

 

(29,744)

(29,741)

Net liabilities

 

(26,747)

(26,103)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(26,847)

(26,203)

Shareholders' deficit

 

(26,747)

(26,103)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2023 and signed on its behalf by:
 

.........................................
P S Johal
Director

 

1 Stop Instruction Roadcraft Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
18 Regent Gardens
Ilford
Essex
IG3 8UL
United Kingdom

These financial statements were authorised for issue by the Board on 25 September 2023.

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.

The financial statements are presented in sterling, which also is the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest Pound (£).

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The current corporation 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.

 

1 Stop Instruction Roadcraft Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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

Fixtures and fittings

15% reducing balance

Plant and machinery

20% reducing balance

Motor Vehicles

25% straight line

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

1 Stop Instruction Roadcraft Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

6,037

31,632

14,212

51,881

At 31 March 2023

6,037

31,632

14,212

51,881

Depreciation

At 1 April 2022

4,307

31,632

12,304

48,243

Charge for the year

259

-

382

641

At 31 March 2023

4,566

31,632

12,686

48,884

Carrying amount

At 31 March 2023

1,471

-

1,526

2,997

At 31 March 2022

1,730

-

1,908

3,638

5

Debtors

2023
£

2022
£

Other debtors

8,600

8,600

8,600

8,600

 

1 Stop Instruction Roadcraft Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

512

456

Other creditors

46,543

134,286

Accruals and deferred income

1,200

1,200

48,255

135,942

Creditors: amounts falling due after more than one year

2023
£

2022
£

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares A of £1 each

100

100

100

100

         

8

Related party transactions

At the balance sheet date, an amount of £10,997 (2022 - £10,997) was owed to the company's directors. The loans are provided interest free and repayable on demand. There are no formal terms and conditions regarding repayment of the loans.

Included within other debtors is an amount of £7,820 (2021 - £7,820) owed by connected companies in which the directors have a beneficial interest. The loans are provided interest free and repayable on demand. There are no formal terms and conditions regarding repayment of the loans.

Included within other creditors is an amount of £8,573 (2021 - £109,878) owed to connected companies in which the directors have a beneficial interest. The loans are provided interest free and repayable on demand. There are no formal terms and conditions regarding repayment of the loans.