REGISTERED NUMBER: 05782725 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

RS Tuning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Murray

J L Murray

S Murray

Mrs L Murray

SECRETARY:

J L Murray

REGISTERED OFFICE:

West End Garage

Cross Cliff Road

Hyde Park

Leeds

West Yorkshire

LS6 2DR

REGISTERED NUMBER:

05782725 (England and Wales)

ACCOUNTANTS:

Tax Resolved Limited

1 The Orchard

Old Cassop

Durham

DH6 4RS

FIXED ASSETS

Tangible assets

4

120,851

120,930

CURRENT ASSETS

Stocks

5

13,572

2,111

Debtors

6

18,823

16,953

Cash at bank and in hand

27,690

10,155

60,085

29,219

CREDITORS

Amounts falling due within one year

7

133,407

81,988

NET CURRENT LIABILITIES

(73,322

)

(52,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,529

68,161

CREDITORS

Amounts falling due after more than one year

8

20,537

41,287

NET ASSETS

26,992

26,874

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

16,992

16,874

SHAREHOLDERS' FUNDS

26,992

26,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 and authorised for issue by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

P Murray - Director

1.	STATUTORY INFORMATION

RS Tuning 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.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

4,323

161,521

21,136

73,512

260,492

Additions

-

12,037

1,311

-

13,348

At 30 April 2025

4,323

173,558

22,447

73,512

273,840

DEPRECIATION

At 1 May 2024

4,323

107,968

13,304

13,967

139,562

Charge for year

-

6,559

914

5,954

13,427

At 30 April 2025

4,323

114,527

14,218

19,921

152,989

NET BOOK VALUE

At 30 April 2025

-

59,031

8,229

53,591

120,851

At 30 April 2024

-

53,553

7,832

59,545

120,930

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

13,572

2,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

14,027

12,631

Other debtors

-

688

Prepayments and accrued income

4,796

3,634

18,823

16,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

1,000

1,000

Hire purchase contracts

10,750

10,750

Trade creditors

29,905

39,677

Tax

7,070

5,799

Social security and other taxes

12,704

14,243

Directors Loan Account

61,978

519

133,407

81,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

833

10,000

Bank loans - 2-5 years

-

833

Hire purchase contracts

19,704

30,454

20,537

41,287