Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseNo description of principal activity11truetrue 05649668 2022-05-01 2023-04-30 05649668 2021-05-01 2022-04-30 05649668 2023-04-30 05649668 2022-04-30 05649668 c:Director2 2022-05-01 2023-04-30 05649668 d:Buildings 2022-05-01 2023-04-30 05649668 d:Buildings 2023-04-30 05649668 d:Buildings 2022-04-30 05649668 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:LandBuildings 2023-04-30 05649668 d:LandBuildings 2022-04-30 05649668 d:PlantMachinery 2022-05-01 2023-04-30 05649668 d:PlantMachinery 2023-04-30 05649668 d:PlantMachinery 2022-04-30 05649668 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:MotorVehicles 2022-05-01 2023-04-30 05649668 d:MotorVehicles 2023-04-30 05649668 d:MotorVehicles 2022-04-30 05649668 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:FurnitureFittings 2022-05-01 2023-04-30 05649668 d:FurnitureFittings 2023-04-30 05649668 d:FurnitureFittings 2022-04-30 05649668 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:OfficeEquipment 2022-05-01 2023-04-30 05649668 d:OfficeEquipment 2023-04-30 05649668 d:OfficeEquipment 2022-04-30 05649668 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 05649668 d:Goodwill 2023-04-30 05649668 d:Goodwill 2022-04-30 05649668 d:CurrentFinancialInstruments 2023-04-30 05649668 d:CurrentFinancialInstruments 2022-04-30 05649668 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05649668 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 05649668 d:ShareCapital 2023-04-30 05649668 d:ShareCapital 2022-04-30 05649668 d:RetainedEarningsAccumulatedLosses 2023-04-30 05649668 d:RetainedEarningsAccumulatedLosses 2022-04-30 05649668 c:OrdinaryShareClass1 2022-05-01 2023-04-30 05649668 c:OrdinaryShareClass1 2023-04-30 05649668 c:OrdinaryShareClass1 2022-04-30 05649668 c:FRS102 2022-05-01 2023-04-30 05649668 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 05649668 c:FullAccounts 2022-05-01 2023-04-30 05649668 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05649668 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 05649668 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 05649668 d:RetirementBenefitObligationsDeferredTax 2023-04-30 05649668 d:RetirementBenefitObligationsDeferredTax 2022-04-30 05649668 2 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05649668









CITY FLEET CARE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
CITY FLEET CARE LTD
REGISTERED NUMBER: 05649668

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
28,663
44,997

  
28,663
44,997

Current assets
  

Stocks
  
28,000
65,958

Debtors: amounts falling due within one year
 6 
185,591
138,679

Cash at bank and in hand
  
378,639
218,771

  
592,230
423,408

Creditors: amounts falling due within one year
 7 
(191,643)
(181,310)

Net current assets
  
 
 
400,587
 
 
242,098

Total assets less current liabilities
  
429,250
287,095

Provisions for liabilities
  

Deferred tax
 8 
(5,184)
(6,702)

  
 
 
(5,184)
 
 
(6,702)

Net assets
  
424,066
280,393


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
423,966
280,293

  
424,066
280,393

Page 1

 
CITY FLEET CARE LTD
REGISTERED NUMBER: 05649668
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2023.




Mrs Tracey Anne Jinks
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 05649668  The Company's registered office is Unit 2 Speedwell Trading Est, Kings Road Tyseley, Birmingham, West Midlands, B11 2AT
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).

Page 6

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
174,000



At 30 April 2023

174,000



Amortisation


At 1 May 2022
174,000



At 30 April 2023

174,000



Net book value



At 30 April 2023
-



At 30 April 2022
-



Page 7

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 May 2022
17,894
105,094
27,752
7,927
46,942


Additions
-
5,294
-
-
1,328


Disposals
-
-
(12,917)
-
-



At 30 April 2023

17,894
110,388
14,835
7,927
48,270



Depreciation


At 1 May 2022
15,622
80,850
12,006
6,126
46,006


Charge for the year on owned assets
2,272
7,045
2,161
601
761


Disposals
-
-
(2,799)
-
-



At 30 April 2023

17,894
87,895
11,368
6,727
46,767



Net book value



At 30 April 2023
-
22,493
3,467
1,200
1,503



At 30 April 2022
2,272
24,244
15,746
1,800
935
Page 8

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 May 2022
205,609


Additions
6,622


Disposals
(12,917)



At 30 April 2023

199,314



Depreciation


At 1 May 2022
160,610


Charge for the year on owned assets
12,840


Disposals
(2,799)



At 30 April 2023

170,651



Net book value



At 30 April 2023
28,663



At 30 April 2022
44,997




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
-
2,272

-
2,272


Page 9

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Debtors

2023
2022
£
£


Trade debtors
152,708
106,840

Amounts owed by group undertakings
8,039
8,026

Other debtors
-
300

Prepayments and accrued income
24,844
23,513

185,591
138,679



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
55,934
83,373

Corporation tax
84,337
63,910

Other taxation and social security
37,056
24,453

Other creditors
5,908
2,507

Accruals and deferred income
8,408
7,067

191,643
181,310



8.


Deferred taxation




2023


£






At beginning of year
(6,703)


Charged to profit or loss
1,520



At end of year
(5,183)

Page 10

 
CITY FLEET CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,226)
(6,763)

Pension surplus
43
60

(5,183)
(6,703)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £170 (2022 - £314) were payable to the fund at the balance sheet date and are included in creditors.


11.Financial commitments

The company had total commitments at the balance sheet date of £51,600 (2022- £66,540)


12.


Related party transactions

Included withing other creditors are directors loans amounting to £890 (2022 - £890). 
Loans with directors are interest free and repayable on demand. 


13.


Controlling party

The ultimate and immediate parent company is DJJ Motor Group Limited a company registered in England and Wales. The registered office of the parent company is Unit 2 Speedwell Trading Est, Kings Road Tyseley, Birmingham, West Midlands, B11 2AT.

 
Page 11