2022-10-01 07542256 2023-09-30 07542256 2022-10-01 2023-09-30 07542256 2022-09-30 07542256 2021-10-01 2022-09-30 07542256 uk-core:WithinOneYear 2022-09-30 07542256 uk-core:WithinOneYear 2023-09-30 07542256 uk-core:AfterOneYear 2022-09-30 07542256 uk-core:AfterOneYear 2023-09-30 07542256 uk-core:ShareCapital 2023-09-30 07542256 uk-core:ShareCapital 2022-09-30 07542256 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07542256 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 07542256 uk-bus:Director1 2022-10-01 2023-09-30 07542256 uk-bus:Director2 2022-10-01 2023-09-30 07542256 uk-core:PlantMachinery 2022-10-01 2023-09-30 07542256 uk-core:CommercialMotorVehicles 2022-10-01 2023-09-30 07542256 uk-core:CommercialMotorVehicles 2022-09-30 07542256 uk-core:PlantMachinery 2022-09-30 07542256 uk-core:PlantMachinery 2023-09-30 07542256 uk-core:CommercialMotorVehicles 2023-09-30 07542256 uk-core:WithinOneYear 2023-09-30 07542256 uk-core:WithinOneYear 2022-09-30 07542256 uk-core:AfterOneYear uk-core:Secured 2023-09-30 07542256 uk-core:AfterOneYear uk-core:Secured 2022-09-30 iso4217:GBP xbrli:pure 07542256 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07542256 uk-bus:FRS102 2022-10-01 2023-09-30 07542256 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 07542256 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
BMI Vehicle Hire Limited
Registered Number:07542256
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
BMI Vehicle Hire Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07542256
As at 30 September 2023
BMI Vehicle Hire Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,542,697
2,721,013
2
2,542,697
2,721,013
Current assets
Trade and other receivables
451,404
395,873
3
85,713
Cash and cash equivalents
85,264
481,137
537,117
Trade and other payables: amounts falling due within one
year
(925,948)
(515,043)
4
(388,831)
(33,906)
Net current liabilities
Total assets less current liabilities
2,508,791
2,332,182
Trade and other payables: amounts falling due after more
than one year
(741,456)
(779,886)
5
(140,320)
(143,401)
Provisions for liabilities
1,588,585
Net assets
1,447,325
Capital and reserves
Called up share capital
2
2
Retained earnings
1,588,583
1,447,323
1,588,585
1,447,325
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Brendan McIlvanna Director
Mrs Marie McIlvanna Director
These financial statements were approved and authorised for issue by the Board on 27 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2023
BMI Vehicle Hire Limited
Notes to the Financial Statements
Statutory Information
BMI Vehicle Hire Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07542256.
Registered address:
Units 3&4 Lower Park Farm Dagnell End Road
Beoley
Alvechurch, Redditch
England
B48 7ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 30 September 2023
BMI Vehicle Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 October 2022
3,687,380
62,970
3,624,410
551,567
29,722
521,845
Additions
-
(446,120)
Disposals
(446,120)
At 30 September 2023
3,700,135
92,692
3,792,827
Provision for depreciation and impairment
At 01 October 2022
966,367
25,184
941,183
Charge for year
426,023
14,401
411,622
(142,260)
-
(142,260)
On disposal
At 30 September 2023
1,250,130
39,585
1,210,545
At 30 September 2023
Net book value
2,489,590
53,107
2,542,697
At 30 September 2022
2,683,227
37,786
2,721,013
3. Trade and other receivables
2022
2023
£
£
Trade debtors
393,781
259,827
Other debtors
2,092
191,577
451,404
395,873
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
12,016
Trade creditors
215,615
716,964
Taxation and social security
42,547
17,591
Other creditors
246,881
179,377
515,043
925,948
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6
For the year ended 30 September 2023
BMI Vehicle Hire Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
16,667
26,667
Other creditors
763,219
714,789
779,886
741,456
6. Average number of persons employed
During the year the average number of employees was 0
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