Company registration number 5548372 (England and Wales)
BVRLA SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BVRLA SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BVRLA SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,700,736
937,171
Cash at bank and in hand
594,045
1,005,132
2,294,781
1,942,303
Creditors: amounts falling due within one year
4
(526,178)
(313,381)
Net current assets
1,768,603
1,628,922
Provisions for liabilities
(213,218)
(232,211)
Net assets
1,555,385
1,396,711
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,555,384
1,396,710
Total equity
1,555,385
1,396,711
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 February 2024 and are signed on its behalf by:
B P Back
J M Lawes
Director
Director
Company Registration No. 5548372
BVRLA SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
BVRLA Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is River Lodge, Badminton Court, Amersham, Buckinghamshire, United Kingdom, HP7 0DD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
7
6
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
253,478
57,085
Amounts owed by group undertakings
1,437,783
869,888
Other debtors
9,475
10,198
1,700,736
937,171
BVRLA SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,287
Other creditors
524,891
313,381
526,178
313,381
5
Related party transactions
The company has taken advantage of the exemption from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
6
Parent company
The company is under the ultimate control of its parent company British Vehicle Rental and Leasing Association Limited, which owns 100% of the issued share capital.
The smallest and largest group in which BVRLA Services Limited is consolidated is that headed by British Vehicle Rental and Leasing Association Limited.
The consolidated financial statements of British Vehicle Rental and Leasing Association Limited are available from River Lodge, Badminton Court, Amersham, Buckinghamshire, HP7 0DD.