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REGISTERED NUMBER: 06534035 (England and Wales)














Financial Statements for the Year Ended 31 July 2023

for

The Car Hire Specialists Ltd

The Car Hire Specialists Ltd (Registered number: 06534035)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Car Hire Specialists Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: O Choudhary





REGISTERED OFFICE: 167A Dunstable Road
Luton
Bedfordshire
LU1 1BW





REGISTERED NUMBER: 06534035 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

The Car Hire Specialists Ltd (Registered number: 06534035)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,880 120,455

CURRENT ASSETS
Debtors 5 (200 ) -
Cash at bank 2,787 7,111
2,587 7,111
CREDITORS
Amounts falling due within one year 6 315,722 311,874
NET CURRENT LIABILITIES (313,135 ) (304,763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(216,255

)

(184,308

)

CREDITORS
Amounts falling due after more than one
year

7

(40,379

)

(43,492

)

PROVISIONS FOR LIABILITIES (3,283 ) (6,278 )
NET LIABILITIES (259,917 ) (234,078 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (259,919 ) (234,080 )
SHAREHOLDERS' FUNDS (259,917 ) (234,078 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

The Car Hire Specialists Ltd (Registered number: 06534035)

Balance Sheet - continued
31 July 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 16 April 2024 and were signed by:





N Choudhry - Director


The Car Hire Specialists Ltd (Registered number: 06534035)

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

1. STATUTORY INFORMATION

The Car Hire Specialists 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 309,266 2,870 2,904 315,040
Disposals (43,895 ) - - (43,895 )
At 31 July 2023 265,371 2,870 2,904 271,145
DEPRECIATION
At 1 August 2022 190,810 1,256 2,519 194,585
Charge for year 16,832 403 96 17,331
Eliminated on disposal (37,651 ) - - (37,651 )
At 31 July 2023 169,991 1,659 2,615 174,265
NET BOOK VALUE
At 31 July 2023 95,380 1,211 289 96,880
At 31 July 2022 118,456 1,614 385 120,455

The Car Hire Specialists Ltd (Registered number: 06534035)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors (200 ) -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,278 6,278
Finance leases (3,023 ) 4,744
Trade creditors (1 ) -
Taxation and social security 863 2,055
Other creditors 311,605 298,797
315,722 311,874

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 34,333 40,469
Finance leases 6,046 3,023
40,379 43,492

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1.00 1 1
2 2

9. RESERVES
Retained
earnings
£   

At 1 August 2022 (234,080 )
Deficit for the year (25,839 )
At 31 July 2023 (259,919 )