Company registration number: 12721184
Unaudited financial statements
for the year ended 31 July 2024
for
Rad66 Cars Ltd
Pages for filing with the Registrar
Company registration number: 12721184
Rad66 Cars Ltd
Balance sheet
as at 31 July 2024
31 Jul 24 31 Jul 23
Note £ £ £ £
Fixed assets
Tangible assets 4 11,842 13,702
11,842 13,702
Current assets
Debtors 51,249 -
Cash at bank and in hand 47,439 53,106
98,688 53,106
Creditors: amounts falling due within one
year
(25,644) (12,735)
Net current assets 73,044 40,371
Total assets less current liabilities 84,886 54,073
NET ASSETS 84,886 54,073
Capital and reserves
Called up share capital 1 1
Profit and loss account 84,885 54,072
TOTAL EQUITY 84,886 54,073
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12721184
Rad66 Cars Ltd
Balance sheet - continued
as at 31 July 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
A Krupa, Director
29 April 2025
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Rad66 Cars Ltd
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
Rad66 Cars Ltd is a private company registered in England and Wales. Its registered number is 12721184. The company is limited by shares. Its registered office is 7c Ackworth Road, Portsmouth, PO3 5HU.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Rad66 Cars Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 28,833
Additions 1,099
At 31 July 2024 29,932
Depreciation
At 1 August 2023 15,131
Charge for year 2,959
At 31 July 2024 18,090
Net book value
At 31 July 2024 11,842
At 31 July 2023 13,702
If Owned assets had not been revalued, Owned assets would have been included at the following historical cost:
31 Jul 24 31 Jul 23
£ £
Cost 13,702 13,702
Accumulated depreciation 15,131 15,131
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Rad66 Cars Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 July 2024 and 31 July 2023.
31 Jul 24 31 Jul 23
£ £
A Krupa
Balance outstanding at start of year - 5,411
Amounts repaid - (5,411)
Balance outstanding at end of year - -
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