Ravensthorpe Car Sales Limited Filleted accounts for Companies House (small and micro)
Ravensthorpe Car Sales Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04214634
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STATEMENT OF FINANCIAL POSITION |
30 Mar 19 |
31 Mar 18 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Stocks |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
6 |
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-------- |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
(
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(
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NET LIABILITIES |
(
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(
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CAPITAL AND RESERVES
Called up share capital fully paid |
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Profit and loss account |
(
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(
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SHAREHOLDERS DEFICIT |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
16 March 2020
, and are signed on behalf of the board by:
Company registration number:
04214634
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NOTES TO THE FINANCIAL STATEMENTS |
PERIOD FROM 1 APRIL 2018 TO 30 MARCH 2019
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery |
- |
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Computer Equipment |
- |
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Stocks
Financial instruments
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to
1
(2018:
1
).
5.
TANGIBLE ASSETS
Plant and machinery |
Computer Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2018 and 30 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the period |
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– |
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------- |
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At 30 March 2019 |
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Carrying amount |
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At 30 March 2019 |
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– |
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At 31 March 2018 |
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– |
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6.
CREDITORS:
amounts falling due within one year
30 Mar 19 |
31 Mar 18 |
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£ |
£ |
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Corporation tax |
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– |
Social security and other taxes |
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Other creditors |
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7.
RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties:
The director
has advanced monies to the company. At 31 March 2019 the balance owed by the company was £ 44,276
- (2018 - £48,252).
8.
GOING CONCERN
The director has considered the period to 31 March 2021 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy it's liabilities as these become payable, or alternatively will be sold as a going concern.