Company Registration No. 05714253 (England and Wales)
RINGWAY SCHOOL OF MOTORING LIMITED
Unaudited accounts
for the year ended 29 February 2024
RINGWAY SCHOOL OF MOTORING LIMITED
Unaudited accounts
Contents
RINGWAY SCHOOL OF MOTORING LIMITED
Company Information
for the year ended 29 February 2024
Company Number
05714253 (England and Wales)
Registered Office
UNIT 50 WATERHAM BUSINESS PARK
HIGHSTREET ROAD
HERNEHILL
KENT
ME13 9EJ
ENGLAND
Accountants
MCC Partners
1a Saddington Street
Gravesend
Kent
DA12 1ED
RINGWAY SCHOOL OF MOTORING LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
10,576
13,010
Cash at bank and in hand
1,728
6,047
Creditors: amounts falling due within one year
924
(4,009)
Net current assets
2,652
2,038
Total assets less current liabilities
13,228
15,048
Creditors: amounts falling due after more than one year
(11,402)
(15,085)
Net assets/(liabilities)
1,826
(37)
Called up share capital
100
100
Profit and loss account
1,726
(137)
Shareholders' funds
1,826
(37)
For the year ending 29 February 2024 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 21 November 2024 and were signed on its behalf by
Mr Peter Ring
Director
Company Registration No. 05714253
RINGWAY SCHOOL OF MOTORING LIMITED
Notes to the Accounts
for the year ended 29 February 2024
RINGWAY SCHOOL OF MOTORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05714253. The registered office is UNIT 50 WATERHAM BUSINESS PARK, HIGHSTREET ROAD, HERNEHILL, KENT, ME13 9EJ, ENGLAND.
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:
Motor vehicles
Motor Vehicles - 15% on cost
Fixtures & fittings
Computer equipment - 33.33% SL
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
644
14,800
15,444
At 29 February 2024
644
14,800
15,444
At 1 March 2023
214
2,220
2,434
Charge for the year
214
2,220
2,434
At 29 February 2024
428
4,440
4,868
At 29 February 2024
216
10,360
10,576
At 28 February 2023
430
12,580
13,010
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(1,474)
3,459
RINGWAY SCHOOL OF MOTORING LIMITED
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).