Road Tank Solutions Limited NI700835 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is renting and leasing of trucks and other heavy vehicles Digita Accounts Production Advanced 6.30.9574.0 true NI700835 2023-09-01 2024-08-31 NI700835 2024-08-31 NI700835 bus:OrdinaryShareClass1 2024-08-31 NI700835 core:CurrentFinancialInstruments 2024-08-31 NI700835 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 NI700835 core:FurnitureFittingsToolsEquipment 2024-08-31 NI700835 core:LandBuildings 2024-08-31 NI700835 bus:SmallEntities 2023-09-01 2024-08-31 NI700835 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI700835 bus:FilletedAccounts 2023-09-01 2024-08-31 NI700835 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI700835 bus:RegisteredOffice 2023-09-01 2024-08-31 NI700835 bus:Director1 2023-09-01 2024-08-31 NI700835 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 NI700835 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI700835 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 NI700835 core:LandBuildings 2023-09-01 2024-08-31 NI700835 countries:NorthernIreland 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI700835

Road Tank Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Road Tank Solutions Limited

(Registration number: NI700835)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

76,200

Current assets

 

Debtors

5

390,434

Cash at bank and in hand

 

107,369

 

497,803

Creditors: Amounts falling due within one year

6

(492,077)

Net current assets

 

5,726

Net assets

 

81,926

Capital and reserves

 

Called up share capital

7

100

Retained earnings

81,826

Shareholders' funds

 

81,926

For the financial year ending 31 August 2024 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 year 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 and 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.

Approved and authorised by the director on 26 June 2025
 

.........................................
Mr Campbell McLean
Director

 

Road Tank Solutions Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 187 Largy Road, Ahoghill, Ballymena, Co Antrim, BT42 2RH.

These financial statements were authorised for issue by the director on 26 June 2025.

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Road Tank Solutions Limited

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

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:

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.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5.

 

Road Tank Solutions Limited

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

4

Tangible assets

Improvements to property
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

75,000

1,500

76,500

At 31 August 2024

75,000

1,500

76,500

Depreciation

Charge for the year

-

300

300

At 31 August 2024

-

300

300

Carrying amount

At 31 August 2024

75,000

1,200

76,200

5

Debtors

Current

2024
£

Trade debtors

364,092

Prepayments

26,342

 

390,434

 

Road Tank Solutions Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

370,892

Taxation and social security

38,084

Accruals and deferred income

1,500

Other creditors

81,601

492,077

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

8

Related party transactions

2013
 £

2023
 £

Directors current account

-

-