Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12474050 Mr Martyn Radford Mr Stephen Radford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12474050 2023-02-28 12474050 2024-02-29 12474050 2023-03-01 2024-02-29 12474050 frs-core:CurrentFinancialInstruments 2024-02-29 12474050 frs-core:PlantMachinery 2024-02-29 12474050 frs-core:PlantMachinery 2023-03-01 2024-02-29 12474050 frs-core:PlantMachinery 2023-02-28 12474050 frs-core:ShareCapital 2024-02-29 12474050 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12474050 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12474050 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12474050 frs-bus:SmallEntities 2023-03-01 2024-02-29 12474050 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12474050 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12474050 frs-bus:Director1 2023-03-01 2024-02-29 12474050 frs-bus:Director2 2023-03-01 2024-02-29 12474050 frs-countries:EnglandWales 2023-03-01 2024-02-29 12474050 2022-02-28 12474050 2023-02-28 12474050 2022-03-01 2023-02-28 12474050 frs-core:CurrentFinancialInstruments 2023-02-28 12474050 frs-core:ShareCapital 2023-02-28 12474050 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12474050
Radford Tyres Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
McLen & Co Accountancy Ltd
AAT
19 Jolly Avenue
Waverley
Rotherham
South Yorkshire
S60 8BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12474050
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,000 10,000
5,000 10,000
CURRENT ASSETS
Debtors 5 13,275 13,275
Cash at bank and in hand 1,395 380
14,670 13,655
Creditors: Amounts Falling Due Within One Year 6 (30,938 ) (40,187 )
NET CURRENT ASSETS (LIABILITIES) (16,268 ) (26,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,268 ) (16,532 )
NET LIABILITIES (11,268 ) (16,532 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (11,270 ) (16,534 )
SHAREHOLDERS' FUNDS (11,268) (16,532)
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martyn Radford
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Radford Tyres Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12474050 . The registered office is 8 Pike Road, Brinsworth, Rotherham, S60 5JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 25,000
As at 29 February 2024 25,000
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 15,000
Provided during the period 5,000
As at 29 February 2024 20,000
Net Book Value
As at 29 February 2024 5,000
As at 1 March 2023 10,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,275 13,275
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 26,542 35,840
Other taxes and social security 65 65
VAT 4,056 674
Directors' loan accounts 274 3,607
30,938 40,187
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4