1 April 2023 false No description of principal activity Taxfiler 2024.6 10086631business:PrivateLimitedCompanyLtd2023-04-012024-03-31 100866312023-03-31 100866312023-04-012024-03-31 10086631business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10086631business:AbridgedAccounts2023-04-012024-03-31 100866312024-03-31 10086631business:Director12023-04-012024-03-31 10086631business:RegisteredOffice2023-04-012024-03-31 100866312023-03-31 10086631core:WithinOneYear2024-03-31 10086631core:WithinOneYear2023-03-31 10086631core:AfterOneYear2024-03-31 10086631core:AfterOneYear2023-03-31 10086631core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 10086631core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 10086631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10086631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10086631core:PreviouslyStatedAmount2024-03-31 10086631core:PreviouslyStatedAmount2023-03-31 10086631business:SmallEntities2023-04-012024-03-31 10086631countries:EnglandWales2023-04-012024-03-31 10086631core:PlantMachinery2023-04-012024-03-31 10086631core:MotorVehicles2023-04-012024-03-31 10086631core:FurnitureFittings2023-04-012024-03-31 100866312022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
RTEC GARAGE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,061 
156,220 
Current assets
Inventories
32,111 
- 
Debtors
137,195 
88,418 
Cash at bank and in hand
79,380 
70,958 
248,686 
159,376 
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)
Net assets
69,362 
65,622 
Capital and reserves
Share premium
1 
1 
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
- 4 -
RTEC GARAGE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
229,178 
Disposals
(14,090)
At 31 March 2024
215,088 
Depreciation
At 1 April 2023
72,958 
Charge for the year
32,069 
At 31 March 2024
105,027 
Net book value
At 31 March 2024
110,061 
At 31 March 2023
156,220 
5
Average number of employees
During the year the average number of employees was 10 (2023: 10).
- 5 -