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Registered number: 10098189
R A MOTOR STORE LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Fintax
Chartered Certified Accountants
888 Washwood Heath Road
Birmingham
West Midlands
B8 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10098189
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,395 19,193
14,395 19,193
CURRENT ASSETS
Stocks 5 105,000 89,000
Debtors 6 3,638 -
Cash at bank and in hand 10,782 4,536
119,420 93,536
Creditors: Amounts Falling Due Within One Year 7 (82,525 ) (43,485 )
NET CURRENT ASSETS (LIABILITIES) 36,895 50,051
TOTAL ASSETS LESS CURRENT LIABILITIES 51,290 69,244
Creditors: Amounts Falling Due After More Than One Year 8 (21,323 ) (29,410 )
NET ASSETS 29,967 39,834
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 29,966 39,833
SHAREHOLDERS' FUNDS 29,967 39,834
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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.
The member has 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.
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 Sikander Aslam
Director
29/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R A MOTOR STORE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10098189 . The registered office is The Bristol Office,2nd Floor, 5 High Street,Westbury-On-Trym, Bristol,England, BS9 3BY.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Motor Vehicles 25% WDV
Computer Equipment 25% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 24,500 1,091 25,591
As at 30 April 2024 24,500 1,091 25,591
Depreciation
As at 1 May 2023 6,125 273 6,398
Provided during the period 4,594 204 4,798
As at 30 April 2024 10,719 477 11,196
Net Book Value
As at 30 April 2024 13,781 614 14,395
As at 1 May 2023 18,375 818 19,193
5. Stocks
2024 2023
£ £
Finished goods 105,000 89,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,638 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,807 -
Other taxes and social security - 115
VAT 3,522 2,002
Net wages 991 -
Other creditors - 39,385
Other creditors - Advanced 72,705 -
Accruals and deferred income 1,500 1,500
Director's loan account - 483
82,525 43,485
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,432 14,500
Bank loans 9,891 14,910
21,323 29,410
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,807 -
Later than one year and not later than five years 11,432 14,500
15,239 14,500
15,239 14,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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