Company Registration No. 14780764 (England and Wales)
Redhill Motors (Maidstone) Ltd
Unaudited accounts
for the period from 4 April 2023 to 30 April 2024
Redhill Motors (Maidstone) Ltd
Unaudited accounts
Contents
Redhill Motors (Maidstone) Ltd
Company Information
for the period from 4 April 2023 to 30 April 2024
Director
Paul Edwin Norris
Company Number
14780764 (England and Wales)
Registered Office
1 BELGRAVE STREET
ECCLES
AYLESFORD
KENT
ME20 7HL
ENGLAND
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Redhill Motors (Maidstone) Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
76
Creditors: amounts falling due within one year
(22,555)
Net current liabilities
(13,204)
Profit and loss account
(4,749)
Shareholders' funds
(4,748)
For the period ending 30 April 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.
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 27 January 2025 and were signed on its behalf by
Paul Edwin Norris
Director
Company Registration No. 14780764
Redhill Motors (Maidstone) Ltd
Notes to the Accounts
for the period from 4 April 2023 to 30 April 2024
Redhill Motors (Maidstone) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14780764. The registered office is 1 BELGRAVE STREET, ECCLES, AYLESFORD, KENT, ME20 7HL, ENGLAND.
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 period, 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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
The assumption that an entity will remain in business for the foreseeable future
Redhill Motors (Maidstone) Ltd
Notes to the Accounts
for the period from 4 April 2023 to 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
2,500
7,500
570
10,570
At 30 April 2024
2,500
7,500
570
10,570
Charge for the period
500
1,500
114
2,114
At 30 April 2024
500
1,500
114
2,114
At 30 April 2024
2,000
6,000
456
8,456
5
Creditors: amounts falling due within one year
2024
Loans from directors
22,555
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
7
Average number of employees
During the period the average number of employees was 1.