Registered number: 8895889 | ||||||||
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FOR THE YEAR ENDED 28/02/2018 | ||||||||
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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 28/02/2018 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Lincolnshire | ||||||||
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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 28/02/2018 | ||||||||
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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2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Cash at bank and in hand |
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20,822 | 8,631 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES |
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(44,774) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Profit and loss account | (40,433) | (38,422) | ||||||||
SHAREHOLDERS' FUNDS |
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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 28/02/2018 | ||||||||||
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 £40,432 38,421 for the year ended 28th February 2018 (38,421 2017), however the Director was owed £64,401 at the year end (£49,615 2017) 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 | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
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RSG Motors Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Fixtures | |||||
Machinery | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/03/2017 | 8,208 | 3,900 | 12,108 | |||
At 28/02/2018 | 8,208 | 3,900 | 12,108 | |||
Depreciation | ||||||
At 01/03/2017 | 3,500 | 2,255 | 5,755 | |||
For the year | 1,177 | 412 | 1,589 | |||
At 28/02/2018 | 4,677 | 2,667 | 7,344 | |||
Net Book Amounts | ||||||
At 28/02/2018 |
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4,764 | |||
At 28/02/2017 |
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6,353 | |||
3. STOCK | 2018 | 2017 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
VAT | - | 157 | ||||||
PAYE control | 26 | - | ||||||
Salaries and wages control | 874 | - | ||||||
Directors current account | 64,401 | 49,615 | ||||||
Trade creditors | - | 3,000 | ||||||
Accruals | 717 | 633 | ||||||
66,018 | 53,405 | |||||||
5. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | 2 | 1 | ||||
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RSG Motors Ltd | ||||||||
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6. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
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. | ||||||||