Rotherham Car and Van Breakers Limited 08497020 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Retail trade of motor vehicle parts and accessories Digita Accounts Production Advanced 6.30.9574.0 true 08497020 2023-06-01 2024-05-31 08497020 2024-05-31 08497020 core:RetainedEarningsAccumulatedLosses 2024-05-31 08497020 core:ShareCapital 2024-05-31 08497020 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 08497020 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 08497020 core:CurrentFinancialInstruments 2024-05-31 08497020 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08497020 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 08497020 core:FurnitureFittings 2024-05-31 08497020 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 08497020 core:MotorVehicles 2024-05-31 08497020 core:PlantMachinery 2024-05-31 08497020 bus:SmallEntities 2023-06-01 2024-05-31 08497020 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08497020 bus:FilletedAccounts 2023-06-01 2024-05-31 08497020 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08497020 bus:Director1 2023-06-01 2024-05-31 08497020 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08497020 core:ComputerEquipment 2023-06-01 2024-05-31 08497020 core:FurnitureFittings 2023-06-01 2024-05-31 08497020 core:LandBuildings 2023-06-01 2024-05-31 08497020 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08497020 core:MotorCars 2023-06-01 2024-05-31 08497020 core:MotorVehicles 2023-06-01 2024-05-31 08497020 core:PlantMachinery 2023-06-01 2024-05-31 08497020 countries:AllCountries 2023-06-01 2024-05-31 08497020 2023-05-31 08497020 core:FurnitureFittings 2023-05-31 08497020 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 08497020 core:MotorVehicles 2023-05-31 08497020 core:PlantMachinery 2023-05-31 08497020 2022-06-01 2023-05-31 08497020 2023-05-31 08497020 core:RetainedEarningsAccumulatedLosses 2023-05-31 08497020 core:ShareCapital 2023-05-31 08497020 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-05-31 08497020 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-05-31 08497020 core:CurrentFinancialInstruments 2023-05-31 08497020 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08497020 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 08497020 core:FurnitureFittings 2023-05-31 08497020 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 08497020 core:MotorVehicles 2023-05-31 08497020 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 08497020

Rotherham Car and Van Breakers Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Rotherham Car and Van Breakers Limited

(Registration number: 08497020)

Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

160,128

175,096

Current assets

 

Stocks

4

178,114

214,456

Debtors

5

(4,620)

(1,821)

Cash at bank and in hand

 

28,260

23,078

 

201,754

235,713

Creditors: Amounts falling due within one year

6

(246,712)

(266,302)

Net current liabilities

 

(44,958)

(30,589)

Total assets less current liabilities

 

115,170

144,507

Creditors: Amounts falling due after more than one year

6

(55,460)

(88,379)

Net assets

 

59,710

56,128

Capital and reserves

 

Called up share capital

100

100

Retained earnings

59,610

56,028

Shareholders' funds

 

59,710

56,128

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

 

Rotherham Car and Van Breakers Limited

(Registration number: 08497020)

Balance Sheet as at 31 May 2024 (continued)

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................

Mr Anthony John Parkin

Director

 

Rotherham Car and Van Breakers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Accounting policies

Statutory information

Rotherham Car and Van Breakers Limited is a private company, limited by shares, domiciled in England and Wales, company number 08497020. The registered office is at Aldwarke Road, Parkgate, Rotherham, S62 6BZ.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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

Land & buildings

10% Straight Line

Plant & machinery

25% Reducing Balance

Computer equipment

25% Straight Line

 

Rotherham Car and Van Breakers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

1

Accounting policies (continued)

Fixtures & fittings

20% Reducing Balance

Motor vehicles

25% Reducing Balance

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Rotherham Car and Van Breakers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

3

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost

At 1 June 2023

24,815

45,614

264,410

51,210

Additions

-

3,389

5,912

-

At 31 May 2024

24,815

49,003

270,322

51,210

Depreciation

At 1 June 2023

18,444

40,164

122,739

29,606

Charge for the year

2,481

1,090

15,297

5,401

At 31 May 2024

20,925

41,254

138,036

35,007

Carrying amount

At 31 May 2024

3,890

7,749

132,286

16,203

At 31 May 2023

6,371

5,450

141,671

21,604

Total
£

Cost

At 1 June 2023

386,049

Additions

9,301

At 31 May 2024

395,350

Depreciation

At 1 June 2023

210,953

Charge for the year

24,269

At 31 May 2024

235,222

Carrying amount

At 31 May 2024

160,128

At 31 May 2023

175,096

4

Stocks

2024
£

2023
£

Other inventories

178,114

214,456

 

Rotherham Car and Van Breakers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

(4,620)

(4,620)

Prepayments

-

2,799

 

(4,620)

(1,821)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

32,919

32,919

Trade creditors

80,435

75,986

Taxation and social security

13,109

14,466

Accruals and deferred income

4,693

3,943

Other creditors

115,556

138,988

246,712

266,302

Creditors: amounts falling due after more than one year

2024
£

2023
£

Loans and borrowings

55,460

88,379

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

55,460

88,379

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

32,919

32,919

The hire purchase contracts are secured on the assets concerned.