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REGISTERED NUMBER: 14165197 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RS WHEELS REFURBISHMENT SOUTH LIMITED
RS WHEELS REFURBISHMENT SOUTH LIMITED (REGISTERED NUMBER: 14165197)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RS WHEELS REFURBISHMENT SOUTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J K Hughes
S Leigh
R Leigh





REGISTERED OFFICE: Unit 39 Limestone Cottage Lane
Sheffield
S6 1NJ





REGISTERED NUMBER: 14165197 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE
Page 1
RS WHEELS REFURBISHMENT SOUTH LIMITED (REGISTERED NUMBER: 14165197)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,389 752

CURRENT ASSETS
Debtors 5 72,233 55,668
Cash at bank and in hand 32,518 70,863
104,751 126,531
CREDITORS
Amounts falling due within one year 6 45,897 76,175
NET CURRENT ASSETS 58,854 50,356
TOTAL ASSETS LESS CURRENT
LIABILITIES
71,243
51,108

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 71,240 51,105
71,243 51,108

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:





J K Hughes - Director


The notes form part of these financial statements

Page 2
RS WHEELS REFURBISHMENT SOUTH LIMITED (REGISTERED NUMBER: 14165197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Rs Wheels Refurbishment South Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

Page 3 continued...
RS WHEELS REFURBISHMENT SOUTH LIMITED (REGISTERED NUMBER: 14165197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 - 1,041 1,041
Additions 15,667 - 15,667
At 31 December 2024 15,667 1,041 16,708
DEPRECIATION
At 1 January 2024 - 289 289
Charge for year 3,917 113 4,030
At 31 December 2024 3,917 402 4,319
NET BOOK VALUE
At 31 December 2024 11,750 639 12,389
At 31 December 2023 - 752 752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,233 55,333
Other debtors - 335
72,233 55,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,410 4,936
Amounts owed to participating interests - 17,668
Taxation and social security 37,331 39,482
Other creditors 3,156 14,089
45,897 76,175

Page 4