Registered number
06009666
Richmond Motor Services Ltd
Unaudited Filleted Accounts
30 November 2024
Richmond Motor Services Ltd
Registered number: 06009666
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 84,068 112,040
Current assets
Stocks 49,495 60,728
Debtors 4 56,541 57,775
Cash at bank and in hand 228,276 253,959
334,312 372,462
Creditors: amounts falling due within one year 5 8,597 14,920
Net current assets 342,909 387,382
Net assets 426,977 499,422
Capital and reserves
Called up share capital 100 100
Profit and loss account 426,877 499,322
Shareholders' funds 426,977 499,422
The director is 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 director acknowledges his 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.
A J Townson
Director
Approved by the board on 3 July 2025
Richmond Motor Services Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 10,604 116,577 165,620 292,801
Additions 726 - 25,905 26,631
Disposals - - (69,949) (69,949)
At 30 November 2024 11,330 116,577 121,576 249,483
Depreciation
At 1 December 2023 8,990 87,497 84,274 180,761
Charge for the year 585 4,362 22,548 27,495
On disposals - - (42,841) (42,841)
At 30 November 2024 9,575 91,859 63,981 165,415
Net book value
At 30 November 2024 1,755 24,718 57,595 84,068
At 30 November 2023 1,614 29,080 81,346 112,040
4 Debtors 2024 2023
£ £
Trade debtors 58,529 59,763
Bad Debt Provision (1,988) (1,988)
56,541 57,775
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 69,004 36,533
Taxation and social security costs 24,579 44,326
VAT 20,696 14,948
Accruals 3,500 1,910
Director's Current Account (126,376) (112,637)
(8,597) (14,920)
6 Other information
Richmond Motor Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Fairfield Way
Gallowfields Trading Estate
Richmond
DL10 4TB
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