PTP Accounts Production v24.1.4.33 13790991 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137909912022-12-31137909912023-12-31137909912023-01-012023-12-31137909912021-12-08137909912021-12-092022-12-31137909912022-12-3113790991ns15:EnglandWales2023-01-012023-12-3113790991ns14:PoundSterling2023-01-012023-12-3113790991ns10:Director12023-01-012023-12-3113790991ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113790991ns10:SmallEntities2023-01-012023-12-3113790991ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113790991ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113790991ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113790991ns10:FullAccounts2023-01-012023-12-3113790991ns10:Director32023-01-012023-12-3113790991ns10:Director22023-01-012023-12-3113790991ns10:Director42023-01-012023-12-3113790991ns10:RegisteredOffice2023-01-012023-12-3113790991ns5:CurrentFinancialInstruments2023-12-3113790991ns5:CurrentFinancialInstruments2022-12-3113790991ns5:ShareCapital2023-12-3113790991ns5:ShareCapital2022-12-3113790991ns5:RetainedEarningsAccumulatedLosses2023-12-3113790991ns5:RetainedEarningsAccumulatedLosses2022-12-3113790991ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3113790991ns5:PlantMachinery2023-01-012023-12-3113790991ns5:FurnitureFittings2023-01-012023-12-3113790991ns5:MotorVehicles2023-01-012023-12-3113790991ns5:LandBuildings2022-12-3113790991ns5:PlantMachinery2022-12-3113790991ns5:FurnitureFittings2022-12-3113790991ns5:MotorVehicles2022-12-3113790991ns5:LandBuildings2023-01-012023-12-3113790991ns5:LandBuildings2023-12-3113790991ns5:PlantMachinery2023-12-3113790991ns5:FurnitureFittings2023-12-3113790991ns5:MotorVehicles2023-12-3113790991ns5:LandBuildings2022-12-3113790991ns5:PlantMachinery2022-12-3113790991ns5:FurnitureFittings2022-12-3113790991ns5:MotorVehicles2022-12-3113790991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113790991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13790991 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RS WHEELS REFURBISHMENT NE LTD

RS WHEELS REFURBISHMENT NE LTD (REGISTERED NUMBER: 13790991)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RS WHEELS REFURBISHMENT NE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J S Griffiths
Ms T C Hague
S Leigh
R Leigh





REGISTERED OFFICE: Unit 39 Limestone Cottage Lane
Sheffield
S6 1NJ





REGISTERED NUMBER: 13790991 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

RS WHEELS REFURBISHMENT NE LTD (REGISTERED NUMBER: 13790991)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,331 40,775

CURRENT ASSETS
Debtors 5 73,845 34,935
Cash at bank 7,600 64,208
81,445 99,143
CREDITORS
Amounts falling due within one year 6 85,129 114,894
NET CURRENT LIABILITIES (3,684 ) (15,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,647

25,024

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 42,644 25,021
42,647 25,024

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

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

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 6 August 2024 and were signed on its behalf by:





J S Griffiths - Director


RS WHEELS REFURBISHMENT NE LTD (REGISTERED NUMBER: 13790991)

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


1. STATUTORY INFORMATION

Rs Wheels Refurbishment Ne Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 6 ) .

RS WHEELS REFURBISHMENT NE LTD (REGISTERED NUMBER: 13790991)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 18,758 7,565 8,857 11,245 46,425
Additions 3,000 5,750 2,713 - 11,463
At 31 December 2023 21,758 13,315 11,570 11,245 57,888
DEPRECIATION
At 1 January 2023 375 1,135 1,329 2,811 5,650
Charge for year 435 1,827 1,536 2,109 5,907
At 31 December 2023 810 2,962 2,865 4,920 11,557
NET BOOK VALUE
At 31 December 2023 20,948 10,353 8,705 6,325 46,331
At 31 December 2022 18,383 6,430 7,528 8,434 40,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,845 34,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,635 13,425
Amounts owed to participating interests 19,587 46,146
Taxation and social security 40,878 38,964
Other creditors 13,029 16,359
85,129 114,894