3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,716 4,849 1,934 6,783 1,933 3,867 xbrli:pure xbrli:shares iso4217:GBP 07607393 2023-05-01 2024-04-30 07607393 2024-04-30 07607393 2023-04-30 07607393 2022-05-01 2023-04-30 07607393 2023-04-30 07607393 2022-04-30 07607393 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 07607393 core:WithinOneYear 2024-04-30 07607393 core:WithinOneYear 2023-04-30 07607393 core:ShareCapital 2024-04-30 07607393 core:ShareCapital 2023-04-30 07607393 core:RetainedEarningsAccumulatedLosses 2024-04-30 07607393 core:RetainedEarningsAccumulatedLosses 2023-04-30 07607393 bus:Director1 2023-05-01 2024-04-30 07607393 bus:SmallEntities 2023-05-01 2024-04-30 07607393 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07607393 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07607393 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07607393 bus:FullAccounts 2023-05-01 2024-04-30 07607393 bus:OrdinaryShareClass1 2024-04-30 07607393 bus:OrdinaryShareClass1 2023-04-30 07607393 core:OfficeEquipment 2024-04-30 07607393 core:OfficeEquipment 2023-04-30 07607393 core:OfficeEquipment 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 07607393
RSJ MOTORS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
RSJ MOTORS LTD
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,933
3,867
CURRENT ASSETS
Stocks
4,490
4,800
Debtors
6
1,740
1,580
Cash at bank and in hand
13,204
27,373
--------
--------
19,434
33,753
CREDITORS: amounts falling due within one year
7
28,893
42,730
--------
--------
NET CURRENT LIABILITIES
9,459
8,977
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 7,526)
( 5,110)
PROVISIONS
Taxation including deferred tax
276
735
-------
-------
NET LIABILITIES
( 7,802)
( 5,845)
-------
-------
CAPITAL AND RESERVES
Called up share capital
8
1,000
1,000
Profit and loss account
( 8,802)
( 6,845)
-------
-------
SHAREHOLDERS DEFICIT
( 7,802)
( 5,845)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RSJ MOTORS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 15 January 2025 , and are signed on behalf of the board by:
S PEATE
Director
Company registration number: 07607393
RSJ MOTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
Year ended 30 April 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Marshall Road, Willenhall, WV13 3QD, West Midlands.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of income and retained earnings. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
The turnover shown in the statement of income and retained earnings account represents amounts invoiced during the year, exclusive of Value Added Tax. Sales are recognised when goods are delivered to the customer.
Tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment and website
-
33.33% straight line
Depreciation on website development costs is not recognised until the point the website is functioning, at which point depreciation is calculated on the above basis.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. TANGIBLE ASSETS
Office equipment and website
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
8,716
8,716
-------
-------
Depreciation
At 1 May 2023
4,849
4,849
Charge for the year
1,934
1,934
-------
-------
At 30 April 2024
6,783
6,783
-------
-------
Carrying amount
At 30 April 2024
1,933
1,933
-------
-------
At 30 April 2023
3,867
3,867
-------
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
1,507
599
Other debtors
233
981
-------
-------
1,740
1,580
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,276
1,261
Social security and other taxes
1,594
2,768
Other creditors
25,023
38,701
--------
--------
28,893
42,730
--------
--------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
9. GOING CONCERN
Included in other creditors is an amount owed to the director of £20,762. The director has confirmed his continuing support for the company and, despite the loan being repayable on demand, does not plan to withdraw these funds in the foreseeable future. It is therefore deemed appropriate that the financial statements continue to be prepared on the going concern basis.