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REGISTERED NUMBER: SC326125 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

R & M Cars (Scotland) Limited

R & M Cars (Scotland) Limited (Registered number: SC326125)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & M Cars (Scotland) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R Maxwell
G Petty





REGISTERED OFFICE: 95 Blackhill Gardens
Glasgow
G23 5NE





REGISTERED NUMBER: SC326125 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

R & M Cars (Scotland) Limited (Registered number: SC326125)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,473 116,049

CURRENT ASSETS
Debtors 5 114,491 99,476
Cash at bank and in hand 4,915 2,144
119,406 101,620
CREDITORS
Amounts falling due within one year 6 43,109 32,097
NET CURRENT ASSETS 76,297 69,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,770

185,572

CREDITORS
Amounts falling due after more than one
year

7

174,096

178,221
NET ASSETS 6,674 7,351

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,673 7,350
SHAREHOLDERS' FUNDS 6,674 7,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R & M Cars (Scotland) Limited (Registered number: SC326125)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





R Maxwell - Director


R & M Cars (Scotland) Limited (Registered number: SC326125)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

R & M Cars (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 221,190 697 221,887
Additions 15,616 855 16,471
At 30 June 2024 236,806 1,552 238,358
DEPRECIATION
At 1 July 2023 105,391 447 105,838
Charge for year 27,881 166 28,047
At 30 June 2024 133,272 613 133,885
NET BOOK VALUE
At 30 June 2024 103,534 939 104,473
At 30 June 2023 115,799 250 116,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Associated Company 110,383 99,476
VAT 4,108 -
114,491 99,476

R & M Cars (Scotland) Limited (Registered number: SC326125)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 22,219 18,910
Social security and other taxes 1,856 4,816
VAT - 2,690
Directors' current accounts 12,393 -
Accrued expenses 6,641 5,681
43,109 32,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 165,642 167,957
Bounce Back Loan 8,454 10,264
174,096 178,221