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Registration number: 04568172

Ray Twiss Motors Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Ray Twiss Motors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ray Twiss Motors Limited

Company Information

Director

R J Twiss

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Ray Twiss Motors Limited

(Registration number: 04568172)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,635

11,853

Current assets

 

Stocks

5

357,290

323,580

Debtors

6

3,565

1,911

Cash at bank and in hand

 

179,964

186,213

 

540,819

511,704

Creditors: Amounts falling due within one year

7

(129,085)

(115,881)

Net current assets

 

411,734

395,823

Net assets

 

423,369

407,676

Capital and reserves

 

Called up share capital

1

1

Retained earnings

423,368

407,675

Shareholders' funds

 

423,369

407,676

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 September 2024
 

.........................................
R J Twiss
Director

 

Ray Twiss Motors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on written down value

Plant and machinery

15% on written down value

Furniture and fittings

15% on written down value

Land and buildings

5% on written down value

 

Ray Twiss Motors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

5,498

7,515

11,108

24,121

Additions

-

1,374

115

1,489

At 31 January 2024

5,498

8,889

11,223

25,610

Depreciation

At 1 February 2023

1,849

4,471

5,948

12,268

Charge for the year

182

734

791

1,707

At 31 January 2024

2,031

5,205

6,739

13,975

Carrying amount

At 31 January 2024

3,467

3,684

4,484

11,635

At 31 January 2023

3,649

3,044

5,160

11,853

5

Stocks

2024
£

2023
£

Other inventories

357,290

323,580

6

Debtors

2024
£

2023
£

Other debtors

1,623

-

Prepayments

1,942

1,911

3,565

1,911

 

Ray Twiss Motors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,967

4,941

Accruals and deferred income

15,099

9,228

Other creditors

110,019

101,712

129,085

115,881