Company Registration No. 09503329 (England and Wales)
Road & Air Vehicle Sales Limited
Unaudited accounts
for the year ended 31 March 2025
Road & Air Vehicle Sales Limited
Unaudited accounts
Contents
Road & Air Vehicle Sales Limited
Company Information
for the year ended 31 March 2025
Directors
Lisa Jane Eustace
Stephen Eustace
Company Number
09503329 (England and Wales)
Registered Office
Unit 27 Station Hill
Bury St. Edmunds
IP31 3QU
England
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
Road & Air Vehicle Sales Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,801
4,751
Cash at bank and in hand
717
1,275
Creditors: amounts falling due within one year
(67,873)
(64,057)
Net current (liabilities)/assets
(1,257)
6,982
Total assets less current liabilities
2,544
11,733
Creditors: amounts falling due after more than one year
(9,167)
(19,167)
Net liabilities
(6,623)
(7,434)
Called up share capital
102
102
Profit and loss account
(6,725)
(7,536)
Shareholders' funds
(6,623)
(7,434)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
Stephen Eustace
Director
Company Registration No. 09503329
Road & Air Vehicle Sales Limited
Notes to the Accounts
for the year ended 31 March 2025
Road & Air Vehicle Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 09503329. The registered office is Unit 27 Station Hill, Bury St. Edmunds, IP31 3QU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Road & Air Vehicle Sales Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Amounts due from group undertakings etc.
2,208
4,920
Deferred tax asset
3,851
4,041
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Amounts owed to group undertakings and other participating interests
5,786
-
Loans from directors
52,072
51,412
7
Creditors: amounts falling due after more than one year
2025
2024
Road & Air Vehicle Sales Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary Shares A of £1 each
100
100
1 Ordinary Shares B of £1 each
1
1
1 Ordinary Shares C of £1 each
1
1
9
Transactions with related parties
At the year end, The directors are owed £52,072 (2024 - £51,412) relating to interest free loans with no set repayment terms.
10
Average number of employees
During the year the average number of employees was 2 (2024: 3).