Company Registration No. 08341729 (England and Wales)
Rhondda Motor Company Limited
Unaudited accounts
for the year ended 23 December 2023
Rhondda Motor Company Limited
Unaudited accounts
Contents
Rhondda Motor Company Limited
Company Information
for the year ended 23 December 2023
Company Number
08341729 (England and Wales)
Registered Office
North Road
Porth
CF39 9SH
Wales
Accountants
Insight Accountancy
Unit 16, Lamby Way Workshops
Lamby Way
Cardiff
CF3 2EQ
Rhondda Motor Company Limited
Statement of financial position
as at 23 December 2023
Tangible assets
4,792
5,723
Inventories
350,785
504,244
Cash at bank and in hand
77,238
146,674
Creditors: amounts falling due within one year
(109,678)
(168,208)
Net current assets
336,420
487,981
Total assets less current liabilities
341,212
493,704
Creditors: amounts falling due after more than one year
(29,510)
(35,259)
Net assets
311,702
458,445
Called up share capital
60,100
60,100
Profit and loss account
251,602
398,345
Shareholders' funds
311,702
458,445
For the year ending 23 December 2023 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 20 September 2024 and were signed on its behalf by
Jason Coomber
Director
Company Registration No. 08341729
Rhondda Motor Company Limited
Notes to the Accounts
for the year ended 23 December 2023
Rhondda Motor Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08341729. The registered office is North Road, Porth, CF39 9SH, Wales.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on Reducing Balance
Computer equipment
33% on Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 24 December 2022
10,708
2,232
12,940
At 23 December 2023
10,708
2,232
12,940
At 24 December 2022
5,387
1,830
7,217
Charge for the year
798
133
931
At 23 December 2023
6,185
1,963
8,148
At 23 December 2023
4,523
269
4,792
At 23 December 2022
5,321
402
5,723
Amounts falling due within one year
Accrued income and prepayments
809
-
Other debtors
17,266
5,271
Rhondda Motor Company Limited
Notes to the Accounts
for the year ended 23 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,009
5,867
Trade creditors
48,010
56,168
Taxes and social security
29,972
94,037
Other creditors
2,413
8,027
Loans from directors
22,074
2,909
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 9 (2022: 11).