Company Registration No. 08460591 (England and Wales)
RS Autocare Limited
Unaudited accounts
for the year ended 31 March 2022
RS Autocare Limited
Unaudited accounts
Contents
RS Autocare Limited
Company Information
for the year ended 31 March 2022
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
123 Cross Lane East
Gravesend
Kent
DA12 5HA
RS Autocare Limited
Statement of financial position
as at 31 March 2022
Tangible assets
21,067
50,528
Cash at bank and in hand
353
1,473
Creditors: amounts falling due within one year
(198,016)
(168,487)
Net current liabilities
(168,026)
(68,060)
Total assets less current liabilities
(146,959)
(17,532)
Creditors: amounts falling due after more than one year
(33,779)
(41,933)
Net liabilities
(180,738)
(59,465)
Called up share capital
1
1
Profit and loss account
(180,739)
(59,466)
Shareholders' funds
(180,738)
(59,465)
For the year ending 31 March 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2022 and were signed on its behalf by
A Helaith
Director
Company Registration No. 08460591
RS Autocare Limited
Notes to the Accounts
for the year ended 31 March 2022
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
RS Autocare Limited
Notes to the Accounts
for the year ended 31 March 2022
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 2021
12,520
48,393
9,757
2,421
73,091
Additions
-
975
-
636
1,611
Disposals
-
(31,662)
-
-
(31,662)
At 31 March 2022
12,520
17,706
9,757
3,057
43,040
At 1 April 2021
6,110
9,707
5,465
1,281
22,563
Charge for the year
1,282
9,896
1,952
580
13,710
On disposals
-
(14,300)
-
-
(14,300)
At 31 March 2022
7,392
5,303
7,417
1,861
21,973
At 31 March 2022
5,128
12,403
2,340
1,196
21,067
At 31 March 2021
6,410
38,686
4,292
1,140
50,528
Amounts falling due within one year
Trade debtors
34,317
39,338
Other debtors
(16,680)
47,616
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
31,845
13,484
Obligations under finance leases and hire purchase contracts
-
8,177
Taxes and social security
162,195
141,726
Other creditors
1,883
4,207
7
Creditors: amounts falling due after more than one year
2022
2021
RS Autocare Limited
Notes to the Accounts
for the year ended 31 March 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
47,616
-
-
47,616
9
Average number of employees
During the year the average number of employees was 7 (2021: 7).
