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REGISTERED NUMBER: 07006774 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

R & S AUTOSERVICES LIMITED

R & S AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & S AUTOSERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S Reeve
Mrs S Reeve





SECRETARY:





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 07006774 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

R & S AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,000 10,500
Tangible assets 5 32,358 38,068
41,358 48,568

CURRENT ASSETS
Stocks 375 375
Debtors 6 100 100
Cash at bank and in hand 13,381 23,883
13,856 24,358
CREDITORS
Amounts falling due within one year 7 (23,662 ) (28,296 )
NET CURRENT LIABILITIES (9,806 ) (3,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,552

44,630

CREDITORS
Amounts falling due after more than one
year

8

(4,082

)

(8,681

)

PROVISIONS FOR LIABILITIES (3,854 ) (4,939 )
NET ASSETS 23,616 31,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,516 30,910
SHAREHOLDERS' FUNDS 23,616 31,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





S Reeve - Director


R & S AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

R & S Autoservices Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 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 Income Statement, 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.

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.

R & S AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 30,000
AMORTISATION
At 1 October 2022 19,500
Charge for year 1,500
At 30 September 2023 21,000
NET BOOK VALUE
At 30 September 2023 9,000
At 30 September 2022 10,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 63,686
DEPRECIATION
At 1 October 2022 25,618
Charge for year 5,710
At 30 September 2023 31,328
NET BOOK VALUE
At 30 September 2023 32,358
At 30 September 2022 38,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 100 100

R & S AUTOSERVICES LIMITED (REGISTERED NUMBER: 07006774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 6,611 11,278
Trade creditors 1,500 1,429
Taxation and social security 11,708 12,362
Other creditors 3,843 3,227
23,662 28,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 4,082 8,681

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs S Reeve.

The ultimate controlling party is Mr & Mrs S Reeve.

The company was under the control of Mr S Reeve and Mrs S Reeve as holders of the share capital throughout the current and previous year.

The company operates a Loan account with the Directors and the balance as at 30 September 2023 was £3,843.