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Company registration number: SC631511
RWS Motors Ltd
Unaudited filleted financial statements
31 May 2024
RWS Motors Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
RWS Motors Ltd
Directors and other information
Directors Reece Sealey
Ron Sealey
Company number SC631511
Registered office Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
Business address 8 Wilson Street
Cowdenbeath
Fife
KY4 9DQ
Accountants John Lynch & Co
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
RWS Motors Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of RWS Motors Ltd
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RWS Motors Ltd for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of RWS Motors Ltd, as a body, in accordance with the terms of our engagement letter dated 18 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of RWS Motors Ltd and state those matters that we have agreed to state to the board of directors of RWS Motors Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RWS Motors Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that RWS Motors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RWS Motors Ltd. You consider that RWS Motors Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of RWS Motors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
19 February 2025
RWS Motors Ltd
Statement of financial position
31 May 2024
2024 2023
£ £
Fixed assets 12,260 14,755
_______ _______
Current assets 36,227 33,655
Creditors: amounts falling due within one year ( 45,800) ( 46,135)
_______ _______
Net current liabilities ( 9,573) ( 12,480)
_______ _______
Total assets less current liabilities 2,687 2,275
Accruals and deferred income ( 1,657) ( 1,569)
_______ _______
Net assets 1,030 706
_______ _______
Capital and reserves 1,030 706
_______ _______
RWS Motors Ltd
Year ended 31 May 2024
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Reece Sealey 5,496 ( 2,522) 2,974
Ron Sealey 5,496 ( 2,522) 2,974
_______ _______ _______
10,992 ( 5,044) 5,948
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Reece Sealey 4,706 790 5,496
Ron Sealey 4,706 790 5,496
_______ _______ _______
9,412 1,580 10,992
_______ _______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Reece Sealey
Director
Company registration number: SC631511
The company is a private company limited by shares, registered in Scotland.