REGISTERED NUMBER: 08600807 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Rotorsport Sales And Service Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G A Speich

SECRETARY:

Mrs J E Speich

REGISTERED OFFICE:

Poplar Farm Prolley Moor

Wentnor

Bishops Castle

Shropshire

SY9 5EJ

REGISTERED NUMBER:

08600807 (England and Wales)

ACCOUNTANTS:

WR Partners

Chartered Accountants

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

FIXED ASSETS

Intangible assets

4

1,845

-

Property, plant and equipment

5

108,062

5,688

109,907

5,688

CURRENT ASSETS

Inventories

57,784

86,692

Debtors

6

42,855

128,896

Cash at bank and in hand

45,935

23,562

146,574

239,150

CREDITORS

Amounts falling due within one year

7

260,056

247,447

NET CURRENT LIABILITIES

(113,482

)

(8,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,575

)

(2,609

)

PROVISIONS FOR LIABILITIES

-

2,303

NET LIABILITIES

(3,575

)

(4,912

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

15,683

-

Retained earnings

8

(19,358

)

(5,012

)

SHAREHOLDERS' FUNDS

(3,575

)

(4,912

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

G A Speich - Director

1.	STATUTORY INFORMATION

Rotorsport Sales And Service Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% or 25% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

10% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The financial statements continue to be prepared on a going concern basis and the company will be financially supported by the director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,768

At 31 December 2024

2,768

AMORTISATION

Charge for year

923

At 31 December 2024

923

NET BOOK VALUE

At 31 December 2024

1,845

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

5,884

12,647

-

18,531

Additions

84,317

608

3,350

88,275

Revaluations

15,683

-

-

15,683

At 31 December 2024

105,884

13,255

3,350

122,489

DEPRECIATION

At 1 January 2024

4,965

7,878

-

12,843

Charge for year

342

907

335

1,584

At 31 December 2024

5,307

8,785

335

14,427

NET BOOK VALUE

At 31 December 2024

100,577

4,470

3,015

108,062

At 31 December 2023

919

4,769

-

5,688

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Valuation in 2024

105,884

13,255

3,350

122,489

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,273

51,544

Other debtors

40,582

77,352

42,855

128,896

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,133

41,961

Taxation and social security

15,938

19,889

Other creditors

240,985

185,597

260,056

247,447

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

(5,012

)

-

(5,012

)

Deficit for the year

(14,346

)

(14,346

)

Revaluation on fixed assets

-

15,683

15,683

At 31 December 2024

(19,358

)

15,683

(3,675

)

9.	RELATED PARTY DISCLOSURES

Included in creditors falling due within one year is an amount of £183,557 (2023 £103,697) due to the director of the company. This amount is repayable on demand. During the year, interest of £6,688 (2023 £5,822) was paid on the loan at a rate of 7% (2023: 7%).