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Registered number: 8895889

RSG Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

RSG Motors Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Ricky Steven Gadd
REGISTERED OFFICE
Station Road
Alford
Lincolnshire
LN13 9JB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8895889
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

RSG Motors Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

RSG Motors Ltd

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,975633
CURRENT ASSETS
Stock132,21543,155
Cash at bank and in hand11,07315,318
143,28858,473
CREDITORS: Amounts falling due within one year4134,44399,857
NET CURRENT ASSETS / (LIABILITIES)8,845(41,384)
TOTAL ASSETS LESS CURRENT LIABILITIES10,820(40,751)
CREDITORS: Amounts falling due after more than one year518,00018,000
NET LIABILITIES(7,180)(58,751)
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account(7,181)(58,752)
SHAREHOLDERS' FUNDS(7,180)(58,751)
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/05/2025 and signed on their behalf by
.............................
Ricky Steven Gadd
Director

RSG Motors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. This may not be appropriate as the deficit on assets was £58,752 as at 28 February 2023 (2022 £102,333), however the Director continues to support the Company.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

RSG Motors Ltd

1g.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/03/20231,1754,0305,205
Additions-2,0002,000
At 28/02/20241,1756,0307,205
Depreciation
At 01/03/20238653,7074,572
For the year77581658
At 28/02/20249424,2885,230
Net Book Amounts
At 28/02/20242331,7421,975
At 28/02/2023310323633
3. STOCK 20242023
££
Stock comprises:
Stock132,21543,155
132,21543,155
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT45,06514,260
PAYE control12797
Salaries and wages control1,3901,588
Furlough Debtor1,8742,671
Pension control211122
Directors current account83,66077,818
Trade creditors5511,631
Accruals1,5651,670
134,44399,857

RSG Motors Ltd

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
BBL >1yr18,00018,000
18,00018,000
6. EMPLOYEES
20242023
No.No.
Average number of employees22
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11