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REGISTERED NUMBER: 14575566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024

FOR

REJEL AUTOMOTIVE PARTS LIMITED

REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REJEL AUTOMOTIVE PARTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Ms V Evans
D Evans





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 14575566 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 198,637
Tangible assets 5 31,528
230,165

CURRENT ASSETS
Stocks 6 169,388
Debtors 7 67,184
Cash at bank 21,577
258,149
CREDITORS
Amounts falling due within one year 8 165,690
NET CURRENT ASSETS 92,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,624

CREDITORS
Amounts falling due after more than one
year

9

(314,367

)

PROVISIONS FOR LIABILITIES (7,882 )
NET ASSETS 375

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 374
375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)

BALANCE SHEET - continued
31 MARCH 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 4 October 2024 and were signed on its behalf by:




Ms V Evans - Director



D Evans - Director


REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Rejel Automotive 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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 period was 3 .

REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 224,873
At 31 March 2024 224,873
AMORTISATION
Amortisation for period 26,236
At 31 March 2024 26,236
NET BOOK VALUE
At 31 March 2024 198,637

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 50,010
Disposals (5,500 )
At 31 March 2024 44,510
DEPRECIATION
Charge for period 12,982
At 31 March 2024 12,982
NET BOOK VALUE
At 31 March 2024 31,528

6. STOCKS
£   
Stocks 169,388

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 66,458
Other debtors 726
67,184

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 17,855
Trade creditors 83,807
Amounts owed to group undertakings 2,330
Tax 5,135
Social security and other taxes 2,308
VAT 4,905
Other creditors 45,833
Directors' loan accounts 3,517
165,690

REJEL AUTOMOTIVE PARTS LIMITED (REGISTERED NUMBER: 14575566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other loans - 1-2 years 17,855
Other loans - 2-5 years 53,564
Other loans more 5yrs instal 242,948
314,367

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 242,948

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, Mr D Evans & Ms V Evans introduced a loan to the company. As at 31 March 2024, the company owed them £3,517. This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

During the period, Mr D Evans & Ms V Evans introduced a loan to the company of £353,052. As at 31 March 2024, the company owed them £332,222. Interest is charged on this loan at 5.6% and it is repayable in equal installments over the next 19 years.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Evans & Ms V Evans.

This was by virtue of their 100% holding of the issued share capital.