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REGISTERED NUMBER: 12448128 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Rawlins Motor Parts Limited

Rawlins Motor Parts Limited (Registered number: 12448128)






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


Rawlins Motor Parts Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: O C Rawlins





REGISTERED OFFICE: 7 Bradwell Lane
Porthill
Newcastle under Lyme
Staffordshire
ST5 8NX





REGISTERED NUMBER: 12448128 (England and Wales)





ACCOUNTANTS: Gilligans Limited
Unit 4 Lymedale Business Centre
Hooters Hall Road
Lymedale Business Park
Newcastle under Lyme
Staffordshire
ST5 9QF

Rawlins Motor Parts Limited (Registered number: 12448128)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,673 19,274

CURRENT ASSETS
Stocks 55,094 23,562
Debtors 5 160,222 88,269
Cash at bank and in hand 47,494 21,236
262,810 133,067
CREDITORS
Amounts falling due within one year 6 185,282 99,507
NET CURRENT ASSETS 77,528 33,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,201

52,834

CREDITORS
Amounts falling due after more than one year 7 25,217 8,627
NET ASSETS 72,984 44,207

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,983 44,206
SHAREHOLDERS' FUNDS 72,984 44,207

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 director acknowledges his 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.

Rawlins Motor Parts Limited (Registered number: 12448128)

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 director and authorised for issue on 24 September 2024 and were signed by:





O C Rawlins - Director


Rawlins Motor Parts Limited (Registered number: 12448128)

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

1. STATUTORY INFORMATION

Rawlins Motor Parts 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rawlins Motor Parts Limited (Registered number: 12448128)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,935 24,043 11,595 37,573
Additions - 14,000 - 14,000
Disposals - (3,750 ) - (3,750 )
At 29 February 2024 1,935 34,293 11,595 47,823
DEPRECIATION
At 1 March 2023 867 8,735 8,697 18,299
Charge for year 267 6,624 2,898 9,789
Eliminated on disposal - (938 ) - (938 )
At 29 February 2024 1,134 14,421 11,595 27,150
NET BOOK VALUE
At 29 February 2024 801 19,872 - 20,673
At 28 February 2023 1,068 15,308 2,898 19,274

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 16,293
DEPRECIATION
At 1 March 2023 6,797
Charge for year 2,374
At 29 February 2024 9,171
NET BOOK VALUE
At 29 February 2024 7,122
At 28 February 2023 9,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 160,222 88,269

Rawlins Motor Parts Limited (Registered number: 12448128)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 3,660 3,660
Trade creditors 125,627 64,191
Taxation and social security 32,331 15,603
Other creditors 23,664 16,053
185,282 99,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 4,967 8,627
Other creditors 20,250 -
25,217 8,627