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REGISTERED NUMBER: 10235394 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th June 2023

for

RDS Vehicle Services Ltd

RDS Vehicle Services Ltd (Registered number: 10235394)






Contents of the Financial Statements
for the Year Ended 29th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RDS Vehicle Services Ltd

Company Information
for the Year Ended 29th June 2023







DIRECTOR: R J Dowling





REGISTERED OFFICE: Unit 17 Ormonde Street
Imex Business Park
Stoke on Trent
Staffordshire
ST4 3NP





REGISTERED NUMBER: 10235394 (England and Wales)





ACCOUNTANTS: RBK Accountants Limited
Lymedale Business Centre
Hooters Hall Road
Newcastle Under Lyme
Staffordshire
ST5 9QF

RDS Vehicle Services Ltd (Registered number: 10235394)

Balance Sheet
29th June 2023

29.6.23 29.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,614 2,357

CURRENT ASSETS
Stocks 800 -
Debtors 5 19,200 6,833
Cash at bank and in hand 60,184 55,239
80,184 62,072
CREDITORS
Amounts falling due within one year 6 70,451 46,300
NET CURRENT ASSETS 9,733 15,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,347

18,129

CREDITORS
Amounts falling due after more than
one year

7

11,883

18,083
NET ASSETS 464 46

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 364 (54 )
SHAREHOLDERS' FUNDS 464 46

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th June 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.

RDS Vehicle Services Ltd (Registered number: 10235394)

Balance Sheet - continued
29th June 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th January 2024 and were signed by:





R J Dowling - Director


RDS Vehicle Services Ltd (Registered number: 10235394)

Notes to the Financial Statements
for the Year Ended 29th June 2023

1. STATUTORY INFORMATION

RDS Vehicle Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 Profit & Loss Account, 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.


RDS Vehicle Services Ltd (Registered number: 10235394)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2023

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 30th June 2022 2,795 467 3,262
Additions 717 - 717
At 29th June 2023 3,512 467 3,979
DEPRECIATION
At 30th June 2022 775 130 905
Charge for year 410 50 460
At 29th June 2023 1,185 180 1,365
NET BOOK VALUE
At 29th June 2023 2,327 287 2,614
At 29th June 2022 2,020 337 2,357

RDS Vehicle Services Ltd (Registered number: 10235394)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade debtors 14,362 1,995
Other debtors 4,838 4,838
19,200 6,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Bank loans and overdrafts 6,200 6,200
Trade creditors 14,682 1,674
Taxation and social security 40,114 29,230
Other creditors 9,455 9,196
70,451 46,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.6.23 29.6.22
£    £   
Bank loans 11,883 18,083