Registered number
04824403
ROCHDALE TRANSPORT HIRE LTD
Unaudited Filleted Accounts
31 July 2023
ROCHDALE TRANSPORT HIRE LTD
Registered number: 04824403
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 81,406 113,121
Current assets
Debtors 4 200,840 223,772
Cash at bank and in hand 288,346 244,392
489,186 468,164
Creditors: amounts falling due within one year 5 (77,441) (75,442)
Net current assets 411,745 392,722
Net assets 493,151 505,843
Capital and reserves
Called up share capital 100 100
Profit and loss account 493,051 505,743
Shareholders' funds 493,151 505,843
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P M Duffy
Director
Approved by the board on 15 April 2024
ROCHDALE TRANSPORT HIRE LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% - 20% reducing balance
Fixtures, fittings, tools and equipment 10% - 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 10,151 29,356 225,864 265,371
Additions - 499 - 499
Disposals - (1,099) (42,720) (43,819)
At 31 July 2023 10,151 28,756 183,144 222,051
Depreciation
At 1 August 2022 - 20,619 131,631 152,250
Charge for the year - 1,189 16,577 17,766
On disposals - (649) (28,722) (29,371)
At 31 July 2023 - 21,159 119,486 140,645
Net book value
At 31 July 2023 10,151 7,597 63,658 81,406
At 31 July 2022 10,151 8,737 94,233 113,121
4 Debtors 2023 2022
£ £
Trade debtors 33,416 56,348
Other debtors 167,424 167,424
200,840 223,772
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,178 8,201
Taxation and social security costs 18,061 18,284
Other creditors 49,202 48,957
77,441 75,442
6 Other information
ROCHDALE TRANSPORT HIRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brulimar House
Jubilee Road
Milddleton
Manchester
M24 2LX
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