Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-018falseSale of used cars and light motor vehicles8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06775520 2023-04-01 2024-03-31 06775520 2022-04-01 2023-03-31 06775520 2024-03-31 06775520 2023-03-31 06775520 c:Director1 2023-04-01 2024-03-31 06775520 d:PlantMachinery 2023-04-01 2024-03-31 06775520 d:PlantMachinery 2024-03-31 06775520 d:PlantMachinery 2023-03-31 06775520 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06775520 d:MotorVehicles 2023-04-01 2024-03-31 06775520 d:MotorVehicles 2024-03-31 06775520 d:MotorVehicles 2023-03-31 06775520 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06775520 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06775520 d:Goodwill 2024-03-31 06775520 d:Goodwill 2023-03-31 06775520 d:CurrentFinancialInstruments 2024-03-31 06775520 d:CurrentFinancialInstruments 2023-03-31 06775520 d:Non-currentFinancialInstruments 2024-03-31 06775520 d:Non-currentFinancialInstruments 2023-03-31 06775520 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06775520 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06775520 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06775520 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06775520 d:ShareCapital 2024-03-31 06775520 d:ShareCapital 2023-03-31 06775520 d:RetainedEarningsAccumulatedLosses 2024-03-31 06775520 d:RetainedEarningsAccumulatedLosses 2023-03-31 06775520 c:FRS102 2023-04-01 2024-03-31 06775520 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06775520 c:FullAccounts 2023-04-01 2024-03-31 06775520 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06775520 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06775520 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06775520 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06775520










R H MOTOR SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
R H MOTOR SERVICES LIMITED
REGISTERED NUMBER:06775520

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,069
8,223

  
4,069
8,223

Current assets
  

Stocks
  
44,404
30,355

Debtors: amounts falling due within one year
 6 
21,522
15,945

Cash at bank and in hand
 7 
131,597
159,104

  
197,523
205,404

Creditors: amounts falling due within one year
 8 
(44,482)
(56,996)

Net current assets
  
 
 
153,041
 
 
148,408

Total assets less current liabilities
  
157,110
156,631

Creditors: amounts falling due after more than one year
 9 
(10,833)
(21,226)

Provisions for liabilities
  

Deferred tax
 10 
(773)
(1,561)

  
 
 
(773)
 
 
(1,561)

Net assets
  
145,504
133,844


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
145,404
133,744

  
145,504
133,844


Page 1

 
R H MOTOR SERVICES LIMITED
REGISTERED NUMBER:06775520
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Roger John Hannant
Director

Date: 9 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

R H Motor Services imited is a private company limited by shares and incorporated in England and Wales, registration number 06775520. The registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% Straight line
Motor vehicles
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

2024
2023
£
£

Wages and salaries
128,266
120,099

Social security costs
4,109
3,244

Cost of defined contribution scheme
42,235
51,857

174,610
175,200


The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
100,000



At 31 March 2024

100,000



Amortisation


At 1 April 2023
100,000



At 31 March 2024

100,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
41,543
2,536
44,079



At 31 March 2024

41,543
2,536
44,079



Depreciation


At 1 April 2023
33,320
2,536
35,856


Charge for the year on owned assets
4,154
-
4,154



At 31 March 2024

37,474
2,536
40,010



Net book value



At 31 March 2024
4,069
-
4,069



At 31 March 2023
8,223
-
8,223


6.


Debtors

2024
2023
£
£


Trade debtors
12,864
15,945

Other debtors
8,658
-

21,522
15,945



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
131,597
159,104

131,597
159,104


Page 8

 
R H MOTOR SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,834
10,613

Trade creditors
13,531
18,913

Corporation tax
3,837
5,402

Other taxation and social security
13,951
13,930

Other creditors
1,461
7,270

Accruals and deferred income
868
868

44,482
56,996



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,833
21,226

10,833
21,226



10.


Deferred taxation




2024


£






At beginning of year
(1,561)


Charged to profit or loss
788



At end of year
(773)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(773)
(1,561)

(773)
(1,561)

 
Page 9