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Company Registration No. 9019589 (England and Wales)
REDBANK MOTORS LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS for the year ended 28 February 2023
REDBANK MOTORS LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS Contents
Page
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REDBANK MOTORS LTD Company Information for the year ended 28 February 2023
Director
MOHAMMED IRFAN
Company Number
9019589 (England and Wales)
Registered Office
Oakenrod service station Bury Road Rochdale LANCASHIRE OL11 4EB
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REDBANK MOTORS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
202,005 
118,497 
Debtors
170 
4,104 
Cash at bank and in hand
176,533 
195,580 
378,708 
318,181 
Creditors: amounts falling due within one year
(138,462)
(97,126)
Net current assets
240,246 
221,055 
Total assets less current liabilities
240,246 
221,055 
Creditors: amounts falling due after more than one year
(79,493)
(83,634)
Net assets
160,753 
137,421 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
160,752 
137,420 
Shareholders' funds
160,753 
137,421 
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. 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 27 November 2023 and were signed on its behalf by
MOHAMMED IRFAN Director Company Registration No. 9019589
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REDBANK MOTORS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
REDBANK MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 9019589. The registered office is Oakenrod service station, Bury Road, Rochdale, LANCASHIRE, OL11 4EB.
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.
Turnover
Sales represent Invoice value of goods excluding VAT.
Stocks
Stock is Valued at the lower of cost and net realiseable value
Sundry Expenses
Also include Motor Warranties, Repairs & parts & HPI Charges & Office Expenses.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
170 
4,104 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
132,990 
79,905 
Taxes and social security
5,472 
17,221 
138,462 
97,126 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
79,493 
83,634 
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REDBANK MOTORS LTD Notes to the Accounts for the year ended 28 February 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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