Company Registration No. 10542607 (England and Wales)
Road Rage Performance Limited
Unaudited accounts
for the year ended 31 December 2023
Road Rage Performance Limited
Unaudited accounts
Contents
Road Rage Performance Limited
Company Information
for the year ended 31 December 2023
Director
Leon James Taylor
Company Number
10542607 (England and Wales)
Registered Office
95 Fairfield Road
Borough Green
Sevenoaks
TN15 8DN
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Road Rage Performance Limited
Accountants' report
Accountants' report to the director of Road Rage Performance Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Road Rage Performance Limited for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Road Rage Performance Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Road Rage Performance Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Road Rage Performance Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Road Rage Performance Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Road Rage Performance Limited. You consider that Road Rage Performance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Road Rage Performance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
28 February 2024
Road Rage Performance Limited
Statement of financial position
as at 31 December 2023
Tangible assets
43,177
16,358
Cash at bank and in hand
15,168
10,210
Creditors: amounts falling due within one year
(71,403)
(38,225)
Net current liabilities
(48,979)
(20,815)
Total assets less current liabilities
(5,802)
(4,457)
Creditors: amounts falling due after more than one year
(18,133)
(7,119)
Net liabilities
(23,935)
(11,576)
Called up share capital
100,000
100,000
Profit and loss account
(123,935)
(111,576)
Shareholders' funds
(23,935)
(11,576)
For the year ending 31 December 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 28 February 2024 and were signed on its behalf by
Leon James Taylor
Director
Company Registration No. 10542607
Road Rage Performance Limited
Notes to the Accounts
for the year ended 31 December 2023
Road Rage Performance Limited is a private company, limited by shares, registered in England and Wales, registration number 10542607. The registered office is 95 Fairfield Road, Borough Green, Sevenoaks, TN15 8DN, United Kingdom.
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.
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:
Plant & machinery
25% on reducing Balance
Motor vehicles
25% on reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
10,200
20,833
31,033
Disposals
-
(20,833)
(20,833)
At 31 December 2023
10,200
49,196
59,396
At 1 January 2023
6,972
7,703
14,675
Charge for the year
807
8,440
9,247
On disposals
-
(7,703)
(7,703)
At 31 December 2023
7,779
8,440
16,219
At 31 December 2023
2,421
40,756
43,177
At 31 December 2022
3,228
13,130
16,358
Road Rage Performance Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
4,068
Taxes and social security
241
1,664
Loans from directors
67,902
29,709
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
18,133
7,119
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(29,709)
(40,253)
(2,060)
(67,902)
(29,709)
(40,253)
(2,060)
(67,902)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).