RTS Motors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04671511 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th June 2014

for

RTS Motors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R H Butterfield

REGISTERED OFFICE:

Tandem Industrial Estate

Waterloo

Huddersfield

HD5 0AL

REGISTERED NUMBER:

04671511 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,918

9,685

7,918

9,685

CURRENT ASSETS

Debtors

11,854

13,907

Cash at bank and in hand

27,948

37,824

39,802

51,731

CREDITORS

Amounts falling due within one year

81,356

92,170

NET CURRENT LIABILITIES

(41,554

)

(40,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,636

)

(30,754

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(34,636

)

(31,754

)

SHAREHOLDERS' FUNDS

(33,636

)

(30,754

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12th March 2015 and were signed by:

R H Butterfield - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis. Future funding is being provided

through the continuing support of the director.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33.3% Straight Line Basis, 20% Straight Line Basis and 10% on Reducing Balance

Fixtures and fittings

-

25% on Reducing Balance

Computer equipment

-

25% on Reducing Balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2013

and 30th June 2014

47,400

AMORTISATION

At 1st July 2013

and 30th June 2014

47,400

NET BOOK VALUE

At 30th June 2014

-

At 30th June 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2013

30,586

Additions

1,071

Disposals

(3,572

)

At 30th June 2014

28,085

DEPRECIATION

At 1st July 2013

20,901

Charge for year

1,750

Eliminated on disposal

(2,484

)

At 30th June 2014

20,167

NET BOOK VALUE

At 30th June 2014

7,918

At 30th June 2013

9,685

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

1,000

Ordinary

1

1,000

1,000

5.	FUTURE FUNDING

The company continues to display a negative balance sheet. Future funding is being achieved through the

continuing support of the director.