1 October 2023 false No description of principal activity Taxfiler 2024.6 09758230business:PrivateLimitedCompanyLtd2023-10-012024-09-30 097582302023-09-30 097582302023-10-012024-09-30 09758230business:AuditExemptWithAccountantsReport2023-10-012024-09-30 09758230business:FilletedAccounts2023-10-012024-09-30 097582302024-09-30 09758230business:Director12023-10-012024-09-30 09758230business:Director22023-10-012024-09-30 09758230business:RegisteredOffice2023-10-012024-09-30 097582302023-09-30 09758230core:WithinOneYear2024-09-30 09758230core:WithinOneYear2023-09-30 09758230core:AfterOneYear2024-09-30 09758230core:AfterOneYear2023-09-30 09758230core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 09758230core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09758230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 09758230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09758230core:PreviouslyStatedAmount2024-09-30 09758230core:PreviouslyStatedAmount2023-09-30 09758230business:SmallEntities2023-10-012024-09-30 09758230countries:EnglandWales2023-10-012024-09-30 09758230core:LandBuildings2023-10-012024-09-30 09758230core:FurnitureFittings2023-10-012024-09-30 09758230core:ComputerEquipment2023-10-012024-09-30 09758230core:LandBuildings2023-09-30 09758230core:PlantMachinery2023-09-30 09758230core:MotorVehicles2023-09-30 09758230core:FurnitureFittings2023-09-30 09758230core:ComputerEquipment2023-09-30 09758230core:PlantMachinery2023-10-012024-09-30 09758230core:MotorVehicles2023-10-012024-09-30 09758230core:LandBuildings2024-09-30 09758230core:PlantMachinery2024-09-30 09758230core:MotorVehicles2024-09-30 09758230core:FurnitureFittings2024-09-30 09758230core:ComputerEquipment2024-09-30 097582302022-10-012023-09-30 iso4217:GBP xbrli:pure
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
Page
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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
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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
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RG Motors Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
119,263 
68,482 
Investment property
110,000 
110,000 
229,263 
178,482 
Current assets
Inventories
162,943 
123,257 
Debtors
17,365 
10,845 
Cash at bank and in hand
172,124 
140,599 
352,432 
274,701 
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 
Capital and reserves
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
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RG Motors Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
N/A
Fixtures & fittings
STRAIGHT LINE
Computer equipment
STRAIGHT LINE
Investment property
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
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.
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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 
Depreciation
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 
Net book value
At 30 September 2024
60,000 
12,463 
46,800 
- 
- 
119,263 
At 30 September 2023
60,000 
8,354 
- 
- 
128 
68,482 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
110,000 
At 30 September 2024
110,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,925 
8,895 
Accrued income and prepayments
490 
- 
Other debtors
1,950 
1,950 
17,365 
10,845 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,112 
14,629 
Trade creditors
11,505 
8,692 
Taxes and social security
18,057 
23,282 
Other creditors
2,321 
2,021 
Accruals
- 
465 
33,995 
49,089 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
62,847 
26,667 
Loans from directors
140,503 
145,132 
203,350 
171,799 
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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).
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