Dartford Car Hire Limited


FINANCIAL STATEMENTS


for the year ended 31st May 2023



Dartford Car Hire Limited

CONTENTS

for the year ended 31st May 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Dartford Car Hire Limited

Company No. 08072692

STATEMENT OF FINANCIAL POSITION

as at 31st May 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment41680828219
1680828219
CURRENT ASSETS
Debtors512187-
Cash at bank and in hand5027594364
6246294364
CURRENT LIABILITIES
Creditors: amounts falling due
within one year62922182468
NET CURRENT ASSETS3324111896
TOTAL ASSETS LESS CURRENT LIABILITIES5004940115
 
Creditors: amounts falling due
after more than one year72600036000
 
NET ASSETS240494115
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings240474113
SHAREHOLDERS FUNDS240494115

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st May 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

Approved by the Board on 23 February 2024


M Fraser

Director

Company Number 08072692 (England)

Dartford Car Hire Limited

NOTES TO THE ACCOUNTS

for the year ended 31st May 2023


1   Statutory information

Dartford Car Hire Limited is a private company limited by shares and registered under company number 08072692 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2022 - 2).

4   Property, plant and equipment
 
Motor
VehiclesTotal
££
Cost
At 1st June 2022 193095193095
Disposals(26175)(26175)
At 31st May 2023166920166920
 
Depreciation
At 1st June 2022 164876164876
Charge for year56035603
On disposals(20367)(20367)
At 31st May 2023150112150112
 
Net Book Value
At 31st May 20231680816808
At 31st May 20222821928219

5   Debtors20232022
££
 
Prepayments and accrued income12187-
12187-

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts79077104
Other creditors2131475364
2922182468

7   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts2600036000
2600036000

8   Loans20232022
££
Analysis of maturity of debt:
 
Within one year79077104
Between one and five years2600036000
3390743104

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
M Fraser850662592
850662592

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