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REGISTERED NUMBER: 07790328 (England and Wales)













ROAD AND TRIALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROAD AND TRIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr J A Kaye
Mrs K Kaye
Miss A Kaye



REGISTERED OFFICE: Unit 28 Cannon Way
Claycliffe Business Park
Barnsley
South Yorkshire
S75 1JU



REGISTERED NUMBER: 07790328 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: Handelsbanken
Copia House
Great Cliffe Court, Great Cliffe Road
Dodworth
Barnsley
South Yorkshire
S75 3SP

ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,951 38,069
66,951 38,069

CURRENT ASSETS
Stocks 288,321 448,792
Debtors 14,948 21,191
Cash in hand 1,170 457
304,439 470,440
CREDITORS
Amounts falling due within one year 171,441 292,395
NET CURRENT ASSETS 132,998 178,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,949

216,114

CREDITORS
Amounts falling due after more than one
year

(21,322

)

-

PROVISIONS FOR LIABILITIES (12,550 ) (7,024 )
NET ASSETS 166,077 209,090

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 165,077 208,090
SHAREHOLDERS' FUNDS 166,077 209,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 February 2024 and were signed on its behalf by:




Mr J A Kaye - Director



Mrs K Kaye - Director


ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Road and Trials 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 comprises the value of sales (net of value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Turnover is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is ascertained by the user of the first-in first-out method of cost calculation. Net realisable value is based on an estimated selling price, less further costs to be incurred to completion and disposal. Provision is also made for obsolete, slow-moving and defective items, where appropriate.

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.


ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 34,000
AMORTISATION
At 1 November 2022
and 31 October 2023 34,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

ROAD AND TRIALS LIMITED (REGISTERED NUMBER: 07790328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 29,569 42,468 9,945 15,584 97,566
Additions - 2,835 41,300 - 44,135
At 31 October 2023 29,569 45,303 51,245 15,584 141,701
DEPRECIATION
At 1 November 2022 21,933 13,426 9,526 14,612 59,497
Charge for year 1,145 4,427 8,709 972 15,253
At 31 October 2023 23,078 17,853 18,235 15,584 74,750
NET BOOK VALUE
At 31 October 2023 6,491 27,450 33,010 - 66,951
At 31 October 2022 7,636 29,042 419 972 38,069