Company Registration No. 10086631 (England and Wales)
RTEC GARAGE LTD
Unaudited accounts
for the year ended 31 March 2024
RTEC GARAGE LTD
Unaudited accounts
Contents
RTEC GARAGE LTD
Company Information
for the year ended 31 March 2024
Director
Richard Phillip Harris
Company Number
10086631 (England and Wales)
Registered Office
RTEC AUTO SWANSEA ROAD
GORSEINON
SWANSEA
SA4 4AS
WALES
Accountants
Taxta
The Old Coach House
21 Gower Road
Swansea
SA2 9BX
RTEC GARAGE LTD
Statement of financial position
as at 31 March 2024
Tangible assets
110,061
156,220
Cash at bank and in hand
79,380
70,958
Creditors: amounts falling due within one year
(182,048)
(125,876)
Net current assets
66,638
33,500
Total assets less current liabilities
176,699
189,720
Creditors: amounts falling due after more than one year
(107,337)
(124,098)
Profit and loss account
69,361
65,621
Shareholders' funds
69,362
65,622
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 19 February 2025 and were signed on its behalf by
Richard Phillip Harris
Director
Company Registration No. 10086631
RTEC GARAGE LTD
Notes to the Accounts
for the year ended 31 March 2024
RTEC GARAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 10086631. The registered office is RTEC AUTO SWANSEA ROAD, GORSEINON, SWANSEA, SA4 4AS, WALES.
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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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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Tangible fixed assets
Total
Charge for the year
32,069
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Average number of employees
During the year the average number of employees was 10 (2023: 10).