Company Registration No. 08460591 (England and Wales)
RS Autocare Limited
Unaudited accounts
for the year ended 31 March 2019
RS Autocare Limited
Unaudited accounts
Contents
RS Autocare Limited
Company Information
for the year ended 31 March 2019
Directors
A Helaith
M Helaith
Company Number
08460591 (England and Wales)
Registered Office
Unit A5 Northfleet Industrial Estate
Lower Road
Gravesend
Kent
DA11 9SN
Accountants
Clayton Stirling & Co
123 Cross Lane East
Gravesend
Kent
DA12 5HA
RS Autocare Limited
Statement of financial position
as at 31 March 2019
Tangible assets
30,904
30,172
Cash at bank and in hand
139
166
Creditors: amounts falling due within one year
(112,719)
(56,672)
Net current liabilities
(100,189)
(44,506)
Total assets less current liabilities
(69,285)
(14,334)
Creditors: amounts falling due after more than one year
(13,203)
(17,310)
Net liabilities
(82,488)
(31,644)
Called up share capital
1
1
Profit and loss account
(82,489)
(31,645)
Shareholders' funds
(82,488)
(31,644)
For the year ending 31 March 2019 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.
Approved by the Board on 10 September 2019.
A Helaith
Director
Company Registration No. 08460591
RS Autocare Limited
Notes to the Accounts
for the year ended 31 March 2019
RS Autocare Limited is a private company, limited by shares, registered in England and Wales, registration number 08460591. The registered office is Unit A5 Northfleet Industrial Estate, Lower Road, Gravesend, Kent, DA11 9SN.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Straight Line
RS Autocare Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
5,420
14,995
9,757
-
30,172
Additions
7,100
-
-
1,448
8,548
At 31 March 2019
12,520
14,995
9,757
1,448
38,720
Charge for the year
2,504
2,999
1,951
362
7,816
At 31 March 2019
2,504
2,999
1,951
362
7,816
At 31 March 2019
10,016
11,996
7,806
1,086
30,904
At 31 March 2018
5,420
14,995
9,757
-
30,172
Finished goods
12,000
12,000
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
12,858
30,609
Trade creditors
28,535
15,247
Taxes and social security
25,254
8,096
Other creditors
9,705
8,350
Loans from directors
36,367
(5,630)
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
13,203
17,310
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
