IRIS Accounts Production v23.3.1.45 09691590 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096915902022-08-31096915902023-08-31096915902022-09-012023-08-31096915902021-08-31096915902021-09-012022-08-31096915902022-08-3109691590ns10:Originalns15:EnglandWales2022-09-012023-08-3109691590ns14:PoundSterlingns10:Original2022-09-012023-08-3109691590ns10:Originalns10:Director12022-09-012023-08-3109691590ns10:Original2022-09-012023-08-3109691590ns10:Originalns10:Director22022-09-012023-08-3109691590ns10:Original2023-08-3109691590ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3109691590ns10:Originalns10:SmallEntities2022-09-012023-08-3109691590ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3109691590ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3109691590ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3109691590ns10:Originalns10:FullAccounts2022-09-012023-08-3109691590ns10:Originalns10:RegisteredOffice2022-09-012023-08-3109691590ns10:Original2022-08-3109691590ns10:Originalns5:CurrentFinancialInstruments2023-08-3109691590ns10:Originalns5:CurrentFinancialInstruments2022-08-3109691590ns10:Originalns5:Non-currentFinancialInstruments2023-08-3109691590ns10:Originalns5:Non-currentFinancialInstruments2022-08-3109691590ns5:ShareCapitalns10:Original2023-08-3109691590ns5:ShareCapitalns10:Original2022-08-3109691590ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3109691590ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3109691590ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-09-012023-08-3109691590ns10:Originalns5:PlantMachinery2022-09-012023-08-3109691590ns10:Originalns5:FurnitureFittings2022-09-012023-08-3109691590ns10:Originalns5:MotorVehicles2022-09-012023-08-3109691590ns10:Originalns5:ComputerEquipment2022-09-012023-08-3109691590ns10:Original2021-09-012022-08-3109691590ns10:Originalns5:LandBuildings2022-08-3109691590ns10:Originalns5:PlantMachinery2022-08-3109691590ns10:Originalns5:FurnitureFittings2022-08-3109691590ns10:Originalns5:LandBuildings2022-09-012023-08-3109691590ns10:Originalns5:LandBuildings2023-08-3109691590ns10:Originalns5:PlantMachinery2023-08-3109691590ns10:Originalns5:FurnitureFittings2023-08-3109691590ns10:Originalns5:LandBuildings2022-08-3109691590ns10:Originalns5:PlantMachinery2022-08-3109691590ns10:Originalns5:FurnitureFittings2022-08-3109691590ns10:Originalns5:MotorVehicles2022-08-3109691590ns10:Originalns5:ComputerEquipment2022-08-3109691590ns10:Original2022-08-3109691590ns10:Originalns5:MotorVehicles2023-08-3109691590ns10:Originalns5:ComputerEquipment2023-08-3109691590ns10:Originalns5:MotorVehicles2022-08-3109691590ns10:Originalns5:ComputerEquipment2022-08-3109691590ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3109691590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3109691590ns10:Originalns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3109691590ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3109691590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3109691590ns10:Originalns5:LeasedAssetsHeldAsLessee2023-08-3109691590ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:LeasedAssetsHeldAsLessee2022-08-3109691590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3109691590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3109691590ns10:Originalns10:Director222022-08-3109691590ns10:Originalns10:Director222021-08-3109691590ns10:Originalns10:Director222022-09-012023-08-3109691590ns10:Originalns10:Director222021-09-012022-08-3109691590ns10:Originalns10:Director222023-08-3109691590ns10:Originalns10:Director222022-08-3109691590ns10:Original1ns10:Director12022-08-3109691590ns10:Original1ns10:Director12021-08-3109691590ns10:Original1ns10:Director12022-09-012023-08-3109691590ns10:Original1ns10:Director12021-09-012022-08-3109691590ns10:Original1ns10:Director12023-08-3109691590ns10:Original1ns10:Director12022-08-31
REGISTERED NUMBER: 09691590 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FLEET ASSESS LTD

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEET ASSESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs C A Helm F.C.C.A.
N H Whiteoak





REGISTERED OFFICE: Barons Way
Great Harwood
Lancashire
BB6 7DL





REGISTERED NUMBER: 09691590 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,876,693 4,272,284

CURRENT ASSETS
Stocks 3,525 9,440
Debtors 5 467,387 540,334
Cash at bank and in hand 408,123 279,317
879,035 829,091
CREDITORS
Amounts falling due within one year 6 1,414,961 1,166,819
NET CURRENT LIABILITIES (535,926 ) (337,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,340,767

3,934,556

CREDITORS
Amounts falling due after more than one
year

7

(2,676,614

)

(2,649,432

)

PROVISIONS FOR LIABILITIES (434,897 ) (254,934 )
NET ASSETS 1,229,256 1,030,190

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,228,256 1,029,190
SHAREHOLDERS' FUNDS 1,229,256 1,030,190

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:




N H Whiteoak - Director



Mrs C A Helm F.C.C.A. - Director


FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Fleet Assess 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Trailers - W/down over 15 years to residual value
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Plant and Tools - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Trailers fittings
£    £    £   
COST
At 1 September 2022 46,880 4,889,698 39,486
Additions 2,500 1,256,095 9,853
Disposals - (104,975 ) (4,479 )
At 31 August 2023 49,380 6,040,818 44,860
DEPRECIATION
At 1 September 2022 13,299 774,979 12,767
Charge for year 13,368 527,014 5,862
Eliminated on disposal - (11,069 ) (2,669 )
At 31 August 2023 26,667 1,290,924 15,960
NET BOOK VALUE
At 31 August 2023 22,713 4,749,894 28,900
At 31 August 2022 33,581 4,114,719 26,719

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Plant and
vehicles Tools Totals
£    £    £   
COST
At 1 September 2022 140,567 28,046 5,144,677
Additions - 1,650 1,270,098
Disposals - (83 ) (109,537 )
At 31 August 2023 140,567 29,613 6,305,238
DEPRECIATION
At 1 September 2022 57,562 13,786 872,393
Charge for year 20,751 2,926 569,921
Eliminated on disposal - (31 ) (13,769 )
At 31 August 2023 78,313 16,681 1,428,545
NET BOOK VALUE
At 31 August 2023 62,254 12,932 4,876,693
At 31 August 2022 83,005 14,260 4,272,284

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Trailers vehicles Totals
£    £    £   
COST
At 1 September 2022 4,512,431 97,018 4,609,449
Additions 1,109,531 - 1,109,531
Disposals (104,975 ) - (104,975 )
Transfer to ownership - (27,849 ) (27,849 )
At 31 August 2023 5,516,987 69,169 5,586,156
DEPRECIATION
At 1 September 2022 670,249 39,668 709,917
Charge for year 322,165 13,022 335,187
Eliminated on disposal (11,069 ) - (11,069 )
Transfer to ownership - (22,588 ) (22,588 )
At 31 August 2023 981,345 30,102 1,011,447
NET BOOK VALUE
At 31 August 2023 4,535,642 39,067 4,574,709
At 31 August 2022 3,842,182 57,350 3,899,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 428,305 515,348
Other debtors 39,082 24,986
467,387 540,334

FLEET ASSESS LTD (REGISTERED NUMBER: 09691590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 5,209 5,053
Hire purchase contracts 849,865 735,313
Trade creditors 171,394 160,502
Taxation and social security 135,495 43,527
Other creditors 252,998 222,424
1,414,961 1,166,819

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 33,108 38,420
Hire purchase contracts 2,643,506 2,611,012
2,676,614 2,649,432

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,108 18,208
Hire purchase - 423,213
12,108 441,421

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31/8/23 31/8/22
£    £   
Mrs C A Helm F.C.C.A.
Balance outstanding at start of year (4,000 ) -
Amounts advanced 7,000 -
Amounts repaid - (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 (4,000 )

N H Whiteoak
Balance outstanding at start of year (2,031 ) -
Amounts advanced 11,000 -
Amounts repaid - (2,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,969 (2,031 )