Registration number: 08897286

Rother Valley Cars Limited

(Registration number: 08897286)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	230	324
Current assets
Stocks		16,734	20,403
Debtors	4	4,450	9,326
Cash at bank and in hand		16,033	16,804
		37,217	46,533
Creditors: Amounts falling due within one year	5	(59,150)	(61,606)
Net current liabilities		(21,933)	(15,073)
Net liabilities		(21,703)	(14,749)
Capital and reserves
Called up share capital		100	100
Retained earnings		(21,803)	(14,849)
Shareholders' deficit		(21,703)	(14,749)

For the financial year ending 31 December 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 her 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 Director's Report and the Profit and Loss Account has been taken.

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 director on 26 September 2025
 

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

L E Fisher

Director

Rother Valley Cars Limited

Notes to the Unaudited Financial Statements for the

Year Ended 31 December 2024

1	Accounting policies

Statutory information

Rother Valley Cars Limited is a private company, limited by shares, domiciled in England and Wales, company number 08897286. The registered office is at The BP Garage, Station Road, Halfway, Sheffield, S20 3GW.

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.

Going concern

After due consideration of all relevant factors including the continuing financial support provided by the company's creditors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing the annual report and accounts.

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. Revenue is recognised at the point of sale.

Tax

The tax expense for the period comprises 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.

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.

Rother Valley Cars Limited

Notes to the Unaudited Financial Statements for the

Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 2).

Rother Valley Cars Limited

Notes to the Unaudited Financial Statements for the

Year Ended 31 December 2024 (continued)

3	Tangible assets

	Office equipment £
Cost or valuation
At 1 January 2024	821
At 31 December 2024	821
Depreciation
At 1 January 2024	497
Charge for the year	94
At 31 December 2024	591
Carrying amount
At 31 December 2024	230
At 31 December 2023	324

4

Debtors

	2024 £	2023 £
Trade debtors	4,450	8,864
Other debtors	-	462
	4,450	9,326

Trade debtors include £1,231 (2023: £3,263) receivable after more than one year.

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	136	1,715
Taxation and social security	1,525	612
Accruals and deferred income	2,340	2,275
Director's current account	55,149	57,004
	59,150	61,606