1 March 2022 false No description of principal activity Taxfiler 2023.10.1 07141944business:CompanyLimitedByGuarantee2022-03-012023-02-28 071419442022-02-28 071419442022-03-012023-02-28 07141944business:AuditExemptWithAccountantsReport2022-03-012023-02-28 07141944business:FilletedAccounts2022-03-012023-02-28 071419442023-02-28 07141944business:Director12022-03-012023-02-28 07141944business:Director22022-03-012023-02-28 071419442022-02-28 07141944core:WithinOneYear2023-02-28 07141944core:WithinOneYear2022-02-28 07141944core:AfterOneYear2023-02-28 07141944core:AfterOneYear2022-02-28 07141944core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07141944core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 07141944core:PreviouslyStatedAmount2023-02-28 07141944core:PreviouslyStatedAmount2022-02-28 07141944business:SmallEntities2022-03-012023-02-28 07141944countries:EnglandWales2022-03-012023-02-28 07141944core:MotorVehicles2022-03-012023-02-28 07141944core:ComputerEquipment2022-03-012023-02-28 07141944core:MotorVehicles2022-02-28 07141944core:ComputerEquipment2022-02-28 07141944core:MotorVehicles2023-02-28 07141944core:ComputerEquipment2023-02-28 071419442021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07141944 (England and Wales)
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Unaudited accounts for the year ended 28 February 2023
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Unaudited accounts Contents
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VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Company Information for the year ended 28 February 2023
Directors
S A Evans J P Wilkins
Company Number
07141944 (England and Wales)
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VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,235 
14,220 
Current assets
Debtors
5,877 
4,718 
Cash at bank and in hand
4,534 
16,731 
10,411 
21,449 
Creditors: amounts falling due within one year
(5,893)
(10,150)
Net current assets
4,518 
11,299 
Total assets less current liabilities
17,753 
25,519 
Creditors: amounts falling due after more than one year
- 
(7,150)
Net assets
17,753 
18,369 
Reserves
Profit and loss account
17,753 
18,369 
Members' funds
17,753 
18,369 
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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
S A Evans Director Company Registration No. 07141944
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VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD is a private company, limited by guarantee, registered in England and Wales, registration number 07141944.
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
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
43,300 
594 
43,894 
Additions
3,445 
- 
3,445 
Disposals
(3,500)
- 
(3,500)
At 28 February 2023
43,245 
594 
43,839 
Depreciation
At 1 March 2022
29,080 
594 
29,674 
Charge for the year
1,805 
- 
1,805 
On disposals
(875)
- 
(875)
At 28 February 2023
30,010 
594 
30,604 
Net book value
At 28 February 2023
13,235 
- 
13,235 
At 28 February 2022
14,220 
- 
14,220 
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VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,877 
4,718 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
3,000 
Trade creditors
3,517 
2,379 
Taxes and social security
1,412 
3,976 
Other creditors
139 
- 
Accruals
825 
795 
5,893 
10,150 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Deferred income
- 
7,150 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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