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REGISTERED NUMBER: 09285800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FLEET SERVICE (GREAT BRITAIN) LIMITED

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


FLEET SERVICE (GREAT BRITAIN) LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: M A Bray
G R Bray
Ms S L Clifford
P M Hitt
J O Jarvis
S J Williams





REGISTERED OFFICE: The Old Coach House
Park Lane
Corsham
Wiltshire
SN13 0HN





REGISTERED NUMBER: 09285800 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fleet Service (Great Britain) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fleet Service (Great Britain) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fleet Service (Great Britain) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fleet Service (Great Britain) Limited and state those matters that we have agreed to state to the Board of Directors of Fleet Service (Great Britain) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fleet Service (Great Britain) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fleet Service (Great Britain) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fleet Service (Great Britain) Limited. You consider that Fleet Service (Great Britain) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fleet Service (Great Britain) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


5 August 2024

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 83,989 48,331
Tangible assets 5 39,789 26,068
Investments 6 981,339 -
1,105,117 74,399

CURRENT ASSETS
Debtors 7 3,112,289 1,639,413
Cash at bank and in hand 1,750,844 1,767,985
4,863,133 3,407,398
CREDITORS
Amounts falling due within one year 8 3,396,659 1,796,735
NET CURRENT ASSETS 1,466,474 1,610,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,571,591

1,685,062

PROVISIONS FOR LIABILITIES 9 13,158 6,517
NET ASSETS 2,558,433 1,678,545

CAPITAL AND RESERVES
Called up share capital 10 390,010 350,010
Share premium 8,000 -
Retained earnings 2,160,423 1,328,535
SHAREHOLDERS' FUNDS 2,558,433 1,678,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Balance Sheet - continued
31 March 2024


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 5 August 2024 and were signed on its behalf by:





G R Bray - Director


FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Fleet Service (Great Britain) Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Fleet Service (Great Britain) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer Software is being amortised evenly over its estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 of exchange ruling at the date of transaction. Exchange 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 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.

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023 507,140
Additions 47,658
At 31 March 2024 554,798
AMORTISATION
At 1 April 2023 458,809
Amortisation for year 12,000
At 31 March 2024 470,809
NET BOOK VALUE
At 31 March 2024 83,989
At 31 March 2023 48,331

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 11,708 - 41,137 52,845
Additions 2,204 - 14,500 14,564 31,268
Disposals - - - (1,420 ) (1,420 )
At 31 March 2024 2,204 11,708 14,500 54,281 82,693
DEPRECIATION
At 1 April 2023 - 3,159 - 23,618 26,777
Charge for year 227 2,311 1,812 11,777 16,127
At 31 March 2024 227 5,470 1,812 35,395 42,904
NET BOOK VALUE
At 31 March 2024 1,977 6,238 12,688 18,886 39,789
At 31 March 2023 - 8,549 - 17,519 26,068

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 981,339
At 31 March 2024 981,339
NET BOOK VALUE
At 31 March 2024 981,339

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SDLS Property Ltd
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,047,155 1,626,296
Amounts owed by group undertakings 1,031,964 -
Other debtors 33,170 13,117
3,112,289 1,639,413

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,028,508 1,017,484
Taxation and social security 640,983 368,082
Other creditors 727,168 411,169
3,396,659 1,796,735

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,158 6,517

Deferred
tax
£   
Balance at 1 April 2023 6,517
Provided during year 6,641
Balance at 31 March 2024 13,158

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
350,000 Ordinary A £1 390,000 350,000
10 Ordinary B 1 10 10
390,010 350,010

40,000 Ordinary A shares of £1 each were allotted as fully paid at a premium of 20p per share during the year.

Each A Ordinary Share is entitled to one vote in any circumstances.

Each B Ordinary Share is entitled pari passu to dividend payments or any other distribution.