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Company Registration No. 10766924 (England and Wales)
ROSSENDALE VALLEY 4 X 4 LIMITED Unaudited accounts for the year ended 31 May 2023
ROSSENDALE VALLEY 4 X 4 LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,180 
2,658 
Current assets
Inventories
44,000 
136,800 
Debtors
2,642 
2,093 
Cash at bank and in hand
142,532 
60,213 
189,174 
199,106 
Creditors: amounts falling due within one year
(183,058)
(216,126)
Net current assets/(liabilities)
6,116 
(17,020)
Total assets less current liabilities
8,296 
(14,362)
Creditors: amounts falling due after more than one year
(33,225)
(38,555)
Net liabilities
(24,929)
(52,917)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(24,930)
(52,918)
Shareholders' funds
(24,929)
(52,917)
For the year ending 31 May 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 21 February 2024 and were signed on its behalf by
WAYNE POHREBIENYK Director Company Registration No. 10766924
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ROSSENDALE VALLEY 4 X 4 LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ROSSENDALE VALLEY 4 X 4 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10766924. The registered office is Glen Service Station, Newchurch Road, Bacup, Lancashire, OL13 0NN.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax assets for unrelieved tax losses will only be recognised where is it probable that there will be future profits to utilise those losses.
Going concern
The Director Wayne Pohrebienyk being the substantial creditor to the Company has agreed to support the Company for a period of at least 12 months.
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:
Fixtures & fittings
18% Reducing balance
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ROSSENDALE VALLEY 4 X 4 LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
5,824 
At 31 May 2023
5,824 
Depreciation
At 1 June 2022
3,166 
Charge for the year
478 
At 31 May 2023
3,644 
Net book value
At 31 May 2023
2,180 
At 31 May 2022
2,658 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,642 
2,093 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,216 
6,216 
Trade creditors
- 
20 
Taxes and social security
772 
(227)
Other creditors
- 
6,301 
Loans from directors
175,534 
203,280 
Accruals
536 
536 
183,058 
216,126 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,225 
38,555 
8
Transactions with related parties
Amounts included in other creditors : Directors loans : £175,534 (2022 : £203,280) are provided on an interest free basis and are repayable upon demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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