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
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)
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD
Statement of financial position
as at 28 February 2023
Tangible assets
13,235
14,220
Cash at bank and in hand
4,534
16,731
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)
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
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Disposals
(3,500)
-
(3,500)
At 28 February 2023
43,245
594
43,839
At 1 March 2022
29,080
594
29,674
Charge for the year
1,805
-
1,805
At 28 February 2023
30,010
594
30,604
At 28 February 2023
13,235
-
13,235
At 28 February 2022
14,220
-
14,220
VILLAGE & VALLEYS (RCT) COMMUNITY TRANSPORT LTD
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).