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REGISTERED NUMBER: 07562348 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

AFP Vehicle Hire Ltd.

AFP Vehicle Hire Ltd. (Registered number: 07562348)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFP Vehicle Hire Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Pickering





SECRETARY:





REGISTERED OFFICE: 346 Brightside Lane
Sheffield
S9 2SP





REGISTERED NUMBER: 07562348 (England and Wales)





ACCOUNTANTS: C P Hodgkinson
15 Acacia Avenue
Chapeltown
Sheffield
South Yorkshire
S35 1PQ

AFP Vehicle Hire Ltd. (Registered number: 07562348)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407,220 431,934
Investments 5 10 10
407,230 431,944

CURRENT ASSETS
Debtors 6 39,084 69,478
Cash at bank and in hand 94,707 33,751
133,791 103,229
CREDITORS
Amounts falling due within one year 7 427,429 437,926
NET CURRENT LIABILITIES (293,638 ) (334,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,592

97,247

CREDITORS
Amounts falling due after more than one
year

8

13,307

2,477
NET ASSETS 100,285 94,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,185 94,670
SHAREHOLDERS' FUNDS 100,285 94,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AFP Vehicle Hire Ltd. (Registered number: 07562348)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 13 November 2023 and were signed by:





J Pickering - Director


AFP Vehicle Hire Ltd. (Registered number: 07562348)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AFP Vehicle Hire 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AFP Vehicle Hire Ltd. (Registered number: 07562348)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 31,273 860,451 891,724
Additions - 71,983 71,983
Disposals - (18,086 ) (18,086 )
At 31 March 2023 31,273 914,348 945,621
DEPRECIATION
At 1 April 2022 30,218 429,572 459,790
Charge for year 1,055 103,902 104,957
Eliminated on disposal - (26,346 ) (26,346 )
At 31 March 2023 31,273 507,128 538,401
NET BOOK VALUE
At 31 March 2023 - 407,220 407,220
At 31 March 2022 1,055 430,879 431,934

AFP Vehicle Hire Ltd. (Registered number: 07562348)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 227,896
Additions 21,445
Disposals (2,528 )
At 31 March 2023 246,813
DEPRECIATION
At 1 April 2022 157,575
Charge for year 13,745
Eliminated on disposal (11,566 )
At 31 March 2023 159,754
NET BOOK VALUE
At 31 March 2023 87,059
At 31 March 2022 70,321

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 10
NET BOOK VALUE
At 31 March 2023 10
At 31 March 2022 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 29,973 42,268
Other debtors 9,111 27,210
39,084 69,478

AFP Vehicle Hire Ltd. (Registered number: 07562348)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 28,944 38,084
Hire purchase contracts 6,043 17,138
Trade creditors 8,683 11,959
Taxation and social security 8,980 3,159
Other creditors 374,779 367,586
427,429 437,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 13,307 2,477