REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 6 JANUARY 2023 TO 31 MARCH 2024 |
FOR |
REJEL AUTOMOTIVE PARTS LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
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 |
At 31 March 2024 |
AMORTISATION |
Amortisation for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | STOCKS |
£ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 4,905 |
Other creditors |
Directors' loan accounts | 3,517 |
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 |
Other loans - 2-5 years | 53,564 |
Other loans more 5yrs instal | 242,948 |
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. |