Company Registration No. 9019589 (England and Wales)
REDBANK MOTORS LTD
ANNUAL REPORT AND UNAUDITED ACCOUNTS
for the year ended 29 February 2024
REDBANK MOTORS LTD
ANNUAL REPORT AND UNAUDITED ACCOUNTS
Contents
REDBANK MOTORS LTD
Company Information
for the year ended 29 February 2024
Company Number
9019589 (England and Wales)
Registered Office
Oakenrod service station
Bury Road
Rochdale
LANCASHIRE
OL11 4EB
REDBANK MOTORS LTD
Statement of financial position
as at 29 February 2024
Inventories
206,558
202,005
Cash at bank and in hand
125,084
176,533
Creditors: amounts falling due within one year
(99,881)
(138,462)
Net current assets
231,761
240,246
Total assets less current liabilities
231,761
240,246
Creditors: amounts falling due after more than one year
(61,212)
(79,493)
Net assets
170,549
160,753
Called up share capital
1
1
Profit and loss account
170,548
160,752
Shareholders' funds
170,549
160,753
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 26 August 2024 and were signed on its behalf by
MOHAMMED IRFAN
Director
Company Registration No. 9019589
REDBANK MOTORS LTD
Notes to the Accounts
for the year ended 29 February 2024
REDBANK MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 9019589. The registered office is Oakenrod service station, Bury Road, Rochdale, LANCASHIRE, OL11 4EB.
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.
Sales represent Invoice value of goods excluding VAT.
Stock is Valued at the lower of cost and net realiseable value
also include Spare parts and repairs, vehicle warranties.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
96,221
132,990
Taxes and social security
3,660
5,472
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
61,212
79,493
REDBANK MOTORS LTD
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).