Company Registration No. 06680717 (England and Wales)
Richard T Weaver (Motor Services) Ltd
Unaudited accounts
for the year ended 31 August 2024
Richard T Weaver (Motor Services) Ltd
Unaudited accounts
Contents
Richard T Weaver (Motor Services) Ltd
Company Information
for the year ended 31 August 2024
Company Number
06680717 (England and Wales)
Registered Office
STATION YARD
BROMFIELD
LUDLOW
SHROPSHIRE
SY8 2BT
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Richard T Weaver (Motor Services) Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
196,096
181,561
Cash at bank and in hand
75,246
62,954
Creditors: amounts falling due within one year
(112,885)
(101,495)
Net current liabilities
(22,884)
(32,801)
Total assets less current liabilities
173,212
148,760
Creditors: amounts falling due after more than one year
(5,833)
(12,833)
Provisions for liabilities
Deferred tax
(27,709)
(24,171)
Net assets
139,670
111,756
Called up share capital
1
1
Profit and loss account
139,669
111,755
Shareholders' funds
139,670
111,756
For the year ending 31 August 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 18 March 2025 and were signed on its behalf by
R Weaver
Director
Company Registration No. 06680717
Richard T Weaver (Motor Services) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Richard T Weaver (Motor Services) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06680717. The registered office is STATION YARD, BROMFIELD, LUDLOW, SHROPSHIRE, SY8 2BT.
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 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
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
33% per annum on cost
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 September 2023
19,273
186,123
130,729
4,650
6,981
347,756
Additions
-
8,250
71,945
1,168
473
81,836
Disposals
-
-
(62,766)
-
-
(62,766)
At 31 August 2024
19,273
194,373
139,908
5,818
7,454
366,826
At 1 September 2023
-
92,437
66,310
1,432
6,016
166,195
Charge for the year
-
10,194
26,724
439
474
37,831
On disposals
-
-
(33,296)
-
-
(33,296)
At 31 August 2024
-
102,631
59,738
1,871
6,490
170,730
At 31 August 2024
19,273
91,742
80,170
3,947
964
196,096
At 31 August 2023
19,273
93,686
64,419
3,218
965
181,561
Richard T Weaver (Motor Services) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,000
7,000
Obligations under finance leases and hire purchase contracts
7,682
-
Trade creditors
5,400
4,072
Taxes and social security
8,475
5,993
Loans from directors
84,328
84,430
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).