RB Auto Services Limited 14053198 false 2024-05-01 2025-02-28 2025-02-28 The principal activity of the company is maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 14053198 2024-05-01 2025-02-28 14053198 2025-02-28 14053198 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-02-28 14053198 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-02-28 14053198 core:CurrentFinancialInstruments 2025-02-28 14053198 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 14053198 core:Non-currentFinancialInstruments 2025-02-28 14053198 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 14053198 core:MotorVehicles 2025-02-28 14053198 core:OfficeEquipment 2025-02-28 14053198 core:PlantMachinery 2025-02-28 14053198 bus:SmallEntities 2024-05-01 2025-02-28 14053198 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-02-28 14053198 bus:FilletedAccounts 2024-05-01 2025-02-28 14053198 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-02-28 14053198 bus:RegisteredOffice 2024-05-01 2025-02-28 14053198 bus:Director1 2024-05-01 2025-02-28 14053198 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-02-28 14053198 core:MotorVehicles 2024-05-01 2025-02-28 14053198 core:OfficeEquipment 2024-05-01 2025-02-28 14053198 core:PlantMachinery 2024-05-01 2025-02-28 14053198 countries:EnglandWales 2024-05-01 2025-02-28 14053198 2024-04-30 14053198 core:MotorVehicles 2024-04-30 14053198 core:OfficeEquipment 2024-04-30 14053198 core:PlantMachinery 2024-04-30 14053198 2023-05-01 2024-04-30 14053198 2024-04-30 14053198 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 14053198 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 14053198 core:CurrentFinancialInstruments 2024-04-30 14053198 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14053198 core:Non-currentFinancialInstruments 2024-04-30 14053198 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 14053198 core:MotorVehicles 2024-04-30 14053198 core:OfficeEquipment 2024-04-30 14053198 core:PlantMachinery 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 14053198

RB Auto Services Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2024 to 28 February 2025

 

RB Auto Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

RB Auto Services Limited

(Registration number: 14053198)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

82,271

Current assets

 

Stocks

5

-

11,636

Debtors

6

13,445

3,090

Cash at bank and in hand

 

13

5,112

 

13,458

19,838

Creditors: Amounts falling due within one year

7

(43,933)

(57,099)

Net current liabilities

 

(30,475)

(37,261)

Total assets less current liabilities

 

(30,475)

45,010

Creditors: Amounts falling due after more than one year

7

-

(24,187)

Provisions for liabilities

-

(20,568)

Net (liabilities)/assets

 

(30,475)

255

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(30,476)

254

Shareholders' (deficit)/funds

 

(30,475)

255

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

RB Auto Services Limited

(Registration number: 14053198)
Balance Sheet as at 28 February 2025

Approved and authorised by the director on 2 May 2025
 

.........................................
R Bagley
Director

 

RB Auto Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

RB Auto Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% reducing balance

Office equipment

20% reducing balance

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

RB Auto Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 28 February 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2024

25,959

1,743

74,301

102,003

Additions

7,926

-

-

7,926

Disposals

(33,885)

(1,743)

(74,301)

(109,929)

At 28 February 2025

-

-

-

-

Depreciation

At 1 May 2024

8,167

516

11,049

19,732

Charge for the period

3,879

205

10,542

14,626

Eliminated on disposal

(12,046)

(721)

(21,591)

(34,358)

At 28 February 2025

-

-

-

-

Carrying amount

At 28 February 2025

-

-

-

-

At 30 April 2024

17,792

1,227

63,252

82,271

5

Stocks

2025
£

2024
£

Other inventories

-

11,636

6

Debtors

 

RB Auto Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 28 February 2025

Current

2025
£

2024
£

Trade debtors

212

1,638

Prepayments

-

500

Other debtors

13,233

952

 

13,445

3,090

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

28,055

16,472

Trade creditors

 

737

3,313

Taxation and social security

 

12,183

86

Other creditors

 

2,958

37,228

 

43,933

57,099

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

24,187

 

RB Auto Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 28 February 2025

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

14,702

11,204

Bank overdrafts

13,353

-

Hire purchase contracts

-

5,268

28,055

16,472

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

11,971

Hire purchase contracts

-

12,216

-

24,187

9

Related party transactions

Other transactions with the director

During the year, the director had a loan account with the company. At the balance sheet date the amount due (to)/from the director was £13,233 (2024: (£35,045)). This was repaid within 9 months of the period end.