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REGISTERED NUMBER: SC326125 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

R & M Cars (Scotland) Limited

R & M Cars (Scotland) Limited (Registered number: SC326125)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & M Cars (Scotland) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R Maxwell
G Petty





REGISTERED OFFICE: Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YE





REGISTERED NUMBER: SC326125 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

R & M Cars (Scotland) Limited (Registered number: SC326125)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,049 123,127

CURRENT ASSETS
Debtors 5 99,476 69,541
Cash at bank and in hand 2,144 10,644
101,620 80,185
CREDITORS
Amounts falling due within one year 6 32,097 22,693
NET CURRENT ASSETS 69,523 57,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,572

180,619

CREDITORS
Amounts falling due after more than one
year

7

178,221

158,001
NET ASSETS 7,351 22,618

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,350 22,617
SHAREHOLDERS' FUNDS 7,351 22,618

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 & M Cars (Scotland) Limited (Registered number: SC326125)

Balance Sheet - continued
30 June 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 29 March 2024 and were signed on its behalf by:





R Maxwell - Director


R & M Cars (Scotland) Limited (Registered number: SC326125)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

R & M Cars (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 263,105 697 263,802
Additions 56,168 - 56,168
Disposals (98,083 ) - (98,083 )
At 30 June 2023 221,190 697 221,887
DEPRECIATION
At 1 July 2022 140,272 403 140,675
Charge for year 31,969 44 32,013
Eliminated on disposal (66,850 ) - (66,850 )
At 30 June 2023 105,391 447 105,838
NET BOOK VALUE
At 30 June 2023 115,799 250 116,049
At 30 June 2022 122,833 294 123,127

R & M Cars (Scotland) Limited (Registered number: SC326125)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Associated Company 99,476 65,129
VAT - 4,412
99,476 69,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 18,910 15,753
Social security and other taxes 4,816 2,859
VAT 2,690 -
Accrued expenses 5,681 4,081
32,097 22,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 167,957 145,888
Bounce Back Loan 10,264 12,113
178,221 158,001