Registered number
04824403
ROCHDALE TRANSPORT HIRE LTD
Unaudited Filleted Accounts
31 July 2024
ROCHDALE TRANSPORT HIRE LTD
Registered number: 04824403
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 67,726 81,406
Current assets
Debtors 4 344,747 200,840
Cash at bank and in hand 160,739 288,346
505,486 489,186
Creditors: amounts falling due within one year 5 (76,332) (77,441)
Net current assets 429,154 411,745
Net assets 496,880 493,151
Capital and reserves
Called up share capital 100 100
Profit and loss account 496,780 493,051
Shareholders' funds 496,880 493,151
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P M Duffy
Director
Approved by the board on 7 April 2025
ROCHDALE TRANSPORT HIRE LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% - 20% reducing balance
Fixtures, fittings, tools and equipment 10% - 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 10,151 28,756 183,145 222,052
At 31 July 2024 10,151 28,756 183,145 222,052
Depreciation
At 1 August 2023 - 21,159 119,487 140,646
Charge for the year - 948 12,732 13,680
At 31 July 2024 - 22,107 132,219 154,326
Net book value
At 31 July 2024 10,151 6,649 50,926 67,726
At 31 July 2023 10,151 7,597 63,658 81,406
4 Debtors 2024 2023
£ £
Trade debtors 40,770 33,416
Other debtors 303,977 167,424
344,747 200,840
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,770 10,178
Taxation and social security costs 18,552 18,061
Other creditors 47,010 49,202
76,332 77,441
6 Other information
ROCHDALE TRANSPORT HIRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brulimar House
Jubilee Road
Milddleton
Manchester
M24 2LX
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