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REGISTERED NUMBER: 02666920 (England and Wales)















T & R MOTOR SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2024






T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & R MOTOR SERVICES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R F Walsh
Mrs J L Walsh





SECRETARY: Mrs B Jones





REGISTERED OFFICE: 14 Well Street
Hockley
Birmingham
West Midlands
B19 3BH





REGISTERED NUMBER: 02666920 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,599 4,941

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 20,942 21,910
Cash at bank and in hand 16,808 22,314
42,750 49,224
CREDITORS
Amounts falling due within one year 6 85,730 76,886
NET CURRENT LIABILITIES (42,980 ) (27,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,381

)

(22,721

)

CREDITORS
Amounts falling due after more than one
year

7

19,783

19,260
NET LIABILITIES (59,164 ) (41,981 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (59,166 ) (41,983 )
SHAREHOLDERS' FUNDS (59,164 ) (41,981 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)

Balance Sheet - continued
29 February 2024


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 28 May 2024 and were signed on its behalf by:





R F Walsh - Director


T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

T & R Motor Services Limited 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.
Short leasehold - The period of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2023 - 3 ) .

T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 March 2023 20,000 24,702 1,773 46,475
Additions - 499 - 499
At 29 February 2024 20,000 25,201 1,773 46,974
DEPRECIATION
At 1 March 2023 20,000 19,761 1,773 41,534
Charge for year - 1,841 - 1,841
At 29 February 2024 20,000 21,602 1,773 43,375
NET BOOK VALUE
At 29 February 2024 - 3,599 - 3,599
At 28 February 2023 - 4,941 - 4,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,735 6,699
Other debtors 500 500
Directors' current accounts 2,099 2,099
Prepayments 12,608 12,612
20,942 21,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,261 5,828
Trade creditors 16,460 20,559
Social security and other taxes 3,737 5,038
Other creditors 7,422 4,911
Accrued expenses 54,850 40,550
85,730 76,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,343 5,976
Bank loans - 2-5 years 10,546 13,284
Bank loans more 5 yr by instal 5,894 -
19,783 19,260

T & R MOTOR SERVICES LIMITED (REGISTERED NUMBER: 02666920)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,894 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R F Walsh
Balance outstanding at start of year 2,099 1,739
Amounts advanced - 360
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,099 2,099