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REGISTERED NUMBER: 02125145 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 August 2023

for

R. & S. Motors Limited

R. & S. Motors Limited (Registered number: 02125145)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


R. & S. Motors Limited (Registered number: 02125145)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,401 65,616

CURRENT ASSETS
Stocks 230,993 176,399
Debtors 5 21,369 6,679
Cash at bank 97,899 177,326
350,261 360,404
CREDITORS
Amounts falling due within one year 6 351,895 368,857
NET CURRENT LIABILITIES (1,634 ) (8,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,767

57,163

CREDITORS
Amounts falling due after more than one
year

7

(18,279

)

(28,531

)

PROVISIONS FOR LIABILITIES (12,012 ) (9,519 )
NET ASSETS 49,476 19,113

CAPITAL AND RESERVES
Called up share capital 52 52
Retained earnings 49,424 19,061
SHAREHOLDERS' FUNDS 49,476 19,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R. & S. Motors Limited (Registered number: 02125145)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:




D C Sealey - Director



M Sealey - Director


R. & S. Motors Limited (Registered number: 02125145)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

R. & S. Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02125145

Registered office: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in the accounts once the delivery of goods has been completed.

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 etc - 33% on cost, 15% on reducing balance, 10% on reducing balance and 2% on cost

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 Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

There were no contributions outstanding at the year end.

R. & S. Motors Limited (Registered number: 02125145)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 246,091
Additions 27,396
At 31 August 2023 273,487
DEPRECIATION
At 1 September 2022 180,475
Charge for year 11,611
At 31 August 2023 192,086
NET BOOK VALUE
At 31 August 2023 81,401
At 31 August 2022 65,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 16,985 1,748
Other debtors 4,384 4,931
21,369 6,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 34,302 35,909
Taxation and social security 43,848 47,729
Other creditors 273,745 285,219
351,895 368,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors 18,279 28,531