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REGISTERED NUMBER: SC590778 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SUV VEHICLE HIRE (SCOTLAND) LTD

SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)






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


SUV VEHICLE HIRE (SCOTLAND) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: R Scott





REGISTERED OFFICE: St Aubyn's 47 Alexandra Street
Kirkintilloch
Glasgow
G66 1HE





REGISTERED NUMBER: SC590778 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 175,086 137,004
175,086 139,504

CURRENT ASSETS
Cash at bank and in hand 12,899 36,078

CREDITORS
Amounts falling due within one year 6 63,069 55,515
NET CURRENT LIABILITIES (50,170 ) (19,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,916

120,067

CREDITORS
Amounts falling due after more than one
year

7

99,889

137,788
NET ASSETS/(LIABILITIES) 25,027 (17,721 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,025 (17,723 )
SHAREHOLDERS' FUNDS 25,027 (17,721 )

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.

SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)

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 28 November 2023 and were signed by:





R Scott - Director


SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SUV Vehicle Hire (Scotland) Ltd is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised over their estimated useful life of 5 years.

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.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 12,500
AMORTISATION
At 1 April 2022 10,000
Charge for year 2,500
At 31 March 2023 12,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 - 1,313 164,344 274 165,931
Additions 5,952 - 63,854 - 69,806
At 31 March 2023 5,952 1,313 228,198 274 235,737
DEPRECIATION
At 1 April 2022 - 328 28,412 187 28,927
Charge for year 1,488 246 29,968 22 31,724
At 31 March 2023 1,488 574 58,380 209 60,651
NET BOOK VALUE
At 31 March 2023 4,464 739 169,818 65 175,086
At 31 March 2022 - 985 135,932 87 137,004

SUV VEHICLE HIRE (SCOTLAND) LTD (REGISTERED NUMBER: SC590778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 164,344
DEPRECIATION
At 1 April 2022 28,412
Charge for year 20,390
At 31 March 2023 48,802
NET BOOK VALUE
At 31 March 2023 115,542
At 31 March 2022 135,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 7,044 7,044
Hire purchase contracts 32,898 32,898
Trade creditors 1,505 4,294
Tax 20,298 4,586
VAT 1,324 6,693
63,069 55,515

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 7,044 7,044
Bank loans - 2-5 years 9,882 14,882
Hire purchase contracts 82,963 115,862
99,889 137,788