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REGISTERED NUMBER: 12448128 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Rawlins Motor Parts Limited

Rawlins Motor Parts Limited (Registered number: 12448128)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rawlins Motor Parts Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: O C Rawlins





REGISTERED OFFICE: 7 Bradwell Lane
Porthill
Newcastle under Lyme
Staffordshire
ST5 8NX





REGISTERED NUMBER: 12448128 (England and Wales)





ACCOUNTANTS: Gilligans Limited
Unit 4 Lymedale Business Centre
Hooters Hall Road
Lymedale Business Park
Newcastle under Lyme
Staffordshire
ST5 9QF

Rawlins Motor Parts Limited (Registered number: 12448128)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,274 14,025

CURRENT ASSETS
Stocks 23,562 27,474
Debtors 5 88,269 62,344
Cash at bank and in hand 21,236 21,798
133,067 111,616
CREDITORS
Amounts falling due within one year 6 99,507 92,112
NET CURRENT ASSETS 33,560 19,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,834

33,529

CREDITORS
Amounts falling due after more than one year 7 8,627 4,292
NET ASSETS 44,207 29,237

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 44,206 29,236
SHAREHOLDERS' FUNDS 44,207 29,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rawlins Motor Parts Limited (Registered number: 12448128)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





O C Rawlins - Director


Rawlins Motor Parts Limited (Registered number: 12448128)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Rawlins Motor Parts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rawlins Motor Parts Limited (Registered number: 12448128)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,260 12,048 11,595 24,903
Additions 675 15,745 - 16,420
Disposals - (3,750 ) - (3,750 )
At 28 February 2023 1,935 24,043 11,595 37,573
DEPRECIATION
At 1 March 2022 511 4,569 5,798 10,878
Charge for year 356 5,104 2,899 8,359
Eliminated on disposal - (938 ) - (938 )
At 28 February 2023 867 8,735 8,697 18,299
NET BOOK VALUE
At 28 February 2023 1,068 15,308 2,898 19,274
At 28 February 2022 749 7,479 5,797 14,025

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 8,298
Additions 7,995
At 28 February 2023 16,293
DEPRECIATION
At 1 March 2022 3,631
Charge for year 3,166
At 28 February 2023 6,797
NET BOOK VALUE
At 28 February 2023 9,496
At 28 February 2022 4,667

Rawlins Motor Parts Limited (Registered number: 12448128)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 88,269 62,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 3,660 1,662
Trade creditors 64,191 51,393
Taxation and social security 15,603 12,111
Other creditors 16,053 26,946
99,507 92,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 8,627 4,292