REGISTERED NUMBER: 07796361 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Road Rags Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

V J Hobbs

M J M Gore

REGISTERED OFFICE:

59 Klea Avenue

London

SW4 9HY

REGISTERED NUMBER:

07796361 (England and Wales)

ACCOUNTANTS:

A Plus Accountancy & Business Solutions Limited

The Mount

21 High Street

Wellington

Somerset

TA21 8QT

FIXED ASSETS

Tangible assets

4

144

186

CURRENT ASSETS

Stocks

10,098

10,658

Debtors

5

70

-

Cash at bank

6,623

5,870

16,791

16,528

CREDITORS

Amounts falling due within one year

6

68,444

68,482

NET CURRENT LIABILITIES

(51,653

)

(51,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,509

)

(51,768

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(51,609

)

(51,868

)

SHAREHOLDERS' FUNDS

(51,509

)

(51,768

)

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 by the Board of Directors and authorised for issue on 12 January 2026 and were signed on its behalf by:

V J Hobbs - Director

M J M Gore - Director

1.	STATUTORY INFORMATION

Road Rags 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.

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.

Fixtures & fittings

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 May 2024

and 30 April 2025

953

DEPRECIATION

At 1 May 2024

767

Charge for year

42

At 30 April 2025

809

NET BOOK VALUE

At 30 April 2025

144

At 30 April 2024

186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

70

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

68,444

68,482

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2025 and the period ended 30 April 2024:

30.4.25

30.4.24

£

£

V J Hobbs

Balance outstanding at start of year

(37,245

)

(36,855

)

Amounts repaid

(260

)

(390

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(37,505

)

(37,245

)

M J M Gore

Balance outstanding at start of year

(30,500

)

(30,500

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(30,500

)

(30,500

)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2025 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A Plus Accountancy & Business Solutions Limited

The Mount

21 High Street

Wellington

Somerset

TA21 8QT

Date: .............................................