Company Registration No. 07601719 (England and Wales)
Rallying with Group B preservation trust
Unaudited accounts
for the year ended 31 March 2024
Rallying with Group B preservation trust
Unaudited accounts
Contents
Rallying with Group B preservation trust
Company Information
for the year ended 31 March 2024
Directors
Mr Timothy Foster
Mr Jason Crook
Company Number
07601719 (England and Wales)
Registered Office
UNIT 5A BRIDGE STREET
CHURCH
ACCRINGTON
BB5 4HU
ENGLAND
Accountants
Starling Financials Ltd
Royds Farm
Harden Road
Kelbrook
Lancashire
BB18 6TS
Rallying with Group B preservation trust
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
18,653
10,089
Creditors: amounts falling due within one year
(79,668)
(69,460)
Net current liabilities
(57,824)
(59,261)
Total assets less current liabilities
(57,824)
(52,011)
Creditors: amounts falling due after more than one year
(35,307)
(28,220)
Net liabilities
(93,131)
(80,231)
Profit and loss account
(93,131)
(80,231)
Shareholders' funds
(93,131)
(80,231)
For the year ending 31 March 2024 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 7 July 2024 and were signed on its behalf by
Mr Timothy Foster
Director
Company Registration No. 07601719
Rallying with Group B preservation trust
Notes to the Accounts
for the year ended 31 March 2024
Rallying with Group B preservation trust is a private company, limited by shares, registered in England and Wales, registration number 07601719. The registered office is UNIT 5A BRIDGE STREET, CHURCH, ACCRINGTON, BB5 4HU, ENGLAND.
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:
Motor vehicles
25% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
29,000
380
29,380
At 31 March 2024
29,000
380
29,380
At 1 April 2023
21,750
380
22,130
Charge for the year
7,250
-
7,250
At 31 March 2024
29,000
380
29,380
At 31 March 2023
7,250
-
7,250
Amounts falling due within one year
Rallying with Group B preservation trust
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,584
6,584
Loans from directors
65,467
62,876
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).