Road To Zero Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11173526 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Road To Zero Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S N Clarke

Mrs N M Clarke

REGISTERED OFFICE:

76 Queens Road

Cheltenham

Gloucestershire

GL50 2NE

REGISTERED NUMBER:

11173526 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Tangible assets

4

14,407

2,315

Investment property

5

140,000

140,000

154,407

142,315

CURRENT ASSETS

Debtors

6

-

2,796

Cash at bank

35,956

17,271

35,956

20,067

CREDITORS

Amounts falling due within one year

7

66,224

51,184

NET CURRENT LIABILITIES

(30,268

)

(31,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,139

111,198

CREDITORS

Amounts falling due after more than one year

8

96,835

95,625

NET ASSETS

27,304

15,573

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

27,302

15,571

SHAREHOLDERS' FUNDS

27,304

15,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 25 February 2021 and were signed on its behalf by:

Mr S N Clarke - Director

1.	STATUTORY INFORMATION

Road To Zero 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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2020

3,255

Additions

17,742

Disposals

(800

)

At 31 January 2021

20,197

DEPRECIATION

At 1 February 2020

940

Charge for year

5,050

Eliminated on disposal

(200

)

At 31 January 2021

5,790

NET BOOK VALUE

At 31 January 2021

14,407

At 31 January 2020

2,315

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2020

and 31 January 2021

140,000

NET BOOK VALUE

At 31 January 2021

140,000

At 31 January 2020

140,000

Fair value at 31 January 2021 is represented by:

£

Valuation in 2019

140,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Other debtors

-

2,796

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Taxation and social security

997

2,474

Other creditors

65,227

48,710

66,224

51,184

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.21

31.1.20

£

£

Bank loans

96,835

95,625

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

2

Ordinary

1

2

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S N Clarke.