Company Registration No. 09758230 (England and Wales)
RG Motors Ltd
Unaudited accounts
for the year ended 30 September 2024
RG Motors Ltd
Unaudited accounts
Contents
RG Motors Ltd
Company Information
for the year ended 30 September 2024
Directors
Craig Robinson
Andrew Brumpton
Company Number
09758230 (England and Wales)
Registered Office
UNIT 2 DIXON COURT
DIXON STREET
LINCOLN
LN6 7DA
UNITED KINGDOM
Accountants
Carl Bocock
24 George Street
Gainsborough
Lincolnshire
DN21 2PU
RG Motors Ltd
Accountants' report
Accountants' report to the board of directors of RG Motors Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Carl Bocock
24 George Street
Gainsborough
Lincolnshire
DN21 2PU
5 November 2024
RG Motors Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
119,263
68,482
Investment property
110,000
110,000
Inventories
162,943
123,257
Cash at bank and in hand
172,124
140,599
Creditors: amounts falling due within one year
(33,995)
(49,089)
Net current assets
318,437
225,612
Total assets less current liabilities
547,700
404,094
Creditors: amounts falling due after more than one year
(203,350)
(171,799)
Net assets
344,350
232,295
Called up share capital
2
2
Profit and loss account
344,348
232,293
Shareholders' funds
344,350
232,295
For the year ending 30 September 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 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 of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
Craig Robinson
Director
Company Registration No. 09758230
RG Motors Ltd
Notes to the Accounts
for the year ended 30 September 2024
RG Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 09758230. The registered office is UNIT 2 DIXON COURT, DIXON STREET, LINCOLN, LN6 7DA, UNITED KINGDOM.
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:
Fixtures & fittings
STRAIGHT LINE
Computer equipment
STRAIGHT LINE
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
RG Motors Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
60,000
10,450
-
16,554
833
87,837
Additions
-
7,655
46,800
-
-
54,455
At 30 September 2024
60,000
18,105
46,800
16,554
833
142,292
At 1 October 2023
-
2,096
-
16,554
705
19,355
Charge for the year
-
3,546
-
-
128
3,674
At 30 September 2024
-
5,642
-
16,554
833
23,029
At 30 September 2024
60,000
12,463
46,800
-
-
119,263
At 30 September 2023
60,000
8,354
-
-
128
68,482
Fair value at 1 October 2023
110,000
At 30 September 2024
110,000
Amounts falling due within one year
Trade debtors
14,925
8,895
Accrued income and prepayments
490
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,505
8,692
Taxes and social security
18,057
23,282
Other creditors
2,321
2,021
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
140,503
145,132
RG Motors Ltd
Notes to the Accounts
for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).