Registered number: 8895889 | ||||||||
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FOR THE YEAR ENDED 28/02/2017 | ||||||||
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Prepared By: | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
Elland House | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Lincolnshire | ||||||||
PE24 5EP |
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RSG Motors Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2017 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
Station Road | ||||||||
Alford | ||||||||
Lincolnshire | ||||||||
LN13 9JB | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 8895889 | ||||||||
ACCOUNTANTS | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
Elland House | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Lincolnshire | ||||||||
PE24 5EP |
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RSG Motors Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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RSG Motors Ltd | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 7,900 | 10,600 | ||||||||
Cash at bank and in hand |
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8,631 | 11,694 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 53,405 | 31,171 | |||||||
NET CURRENT LIABILITIES | (44,774) | (19,477) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | (38,421) | (11,284) | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | 1 | 1 | |||||||
Profit and loss account | (38,422) | (11,285) | ||||||||
SHAREHOLDERS' FUNDS |
(
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(11,284) | ||||||||
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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RSG Motors Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis. This may not be appropriate as the deficit on assets was £38,421 for the year ended 28th February 2017 (11,284 2016), however the Director was owed £49,615 at the year end (£23,553 2016) and will continue to support the Company. |
1c. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% |
1d. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. |
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Fixtures | |||||
Machinery | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 29/02/2016 | 8,000 | 3,900 | 11,900 | |||
Additions | 208 | - | 208 | |||
At 28/02/2017 | 8,208 | 3,900 | 12,108 | |||
Depreciation | ||||||
At 29/02/2016 | 2,000 | 1,707 | 3,707 | |||
For the year | 1,500 | 548 | 2,048 | |||
At 28/02/2017 | 3,500 | 2,255 | 5,755 | |||
Net Book Amounts | ||||||
At 28/02/2017 |
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At 28/02/2016 |
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RSG Motors Ltd | ||||||||
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3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
VAT | 157 | 61 | ||||||
Directors current account | 49,615 | 23,553 | ||||||
Trade creditors | 3,000 | 6,800 | ||||||
Accruals | 633 | 757 | ||||||
53,405 | 31,171 | |||||||
5. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 1 | 1 | ||||
6. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||
New shares issued during period: | ||||||||
1
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1 | 1 | ||||||
7. CONTROLLING PARTY | ||||||||
The Director is considered to be the ultimate controlling party by virtue of his ability to act in concert in respect of the operational and financial policies of the Company. | ||||||||