Company Registration No. 9284243 (England and Wales)
RICHARDSON'S VEHICLE SERVICES LTD.
Unaudited accounts
for the year ended 31 October 2023
RICHARDSON'S VEHICLE SERVICES LTD.
Unaudited accounts
Contents
RICHARDSON'S VEHICLE SERVICES LTD.
Company Information
for the year ended 31 October 2023
Directors
S Richardson
M Richardson
Company Number
9284243 (England and Wales)
Registered Office
75 SWINGATE
KIMBERLEY
NOTTINGHAM
NG16 2PU
Accountants
Bob Stevens Management Ltd
46 Eltham Road
West Bridgford
Nottingham,
NG7 6LB
RICHARDSON'S VEHICLE SERVICES LTD.
Statement of financial position
as at 31 October 2023
Tangible assets
140,741
165,055
Cash at bank and in hand
13,718
60,276
Creditors: amounts falling due within one year
(446,717)
(459,903)
Net current liabilities
(96,360)
(150,055)
Called up share capital
1
1
Profit and loss account
44,380
14,999
Shareholders' funds
44,381
15,000
For the year ending 31 October 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 2 January 2024 and were signed on its behalf by
S Richardson
Director
Company Registration No. 9284243
RICHARDSON'S VEHICLE SERVICES LTD.
Notes to the Accounts
for the year ended 31 October 2023
RICHARDSON'S VEHICLE SERVICES LTD. is a private company, limited by shares, registered in England and Wales, registration number 9284243. The registered office is 75 SWINGATE, KIMBERLEY, NOTTINGHAM, NG16 2PU.
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:
Land & buildings
10% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
RICHARDSON'S VEHICLE SERVICES LTD.
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2022
2,731
111,021
199,333
911
1,524
315,520
Additions
-
10,000
15,001
-
3,027
28,028
At 31 October 2023
2,731
121,021
214,334
911
4,551
343,548
At 1 November 2022
2,003
48,132
97,989
834
1,507
150,465
Charge for the year
273
12,325
39,606
119
19
52,342
At 31 October 2023
2,276
60,457
137,595
953
1,526
202,807
At 31 October 2023
455
60,564
76,739
(42)
3,025
140,741
At 31 October 2022
728
62,889
101,344
77
17
165,055
Amounts falling due within one year
Trade debtors
316,889
241,822
Accrued income and prepayments
4,750
4,750
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,592
73,182
Trade creditors
314,988
283,482
Taxes and social security
130,992
84,059
Loans from directors
(31,855)
-
8
Average number of employees
During the year the average number of employees was 11 (2022: 10).