Company No:
Contents
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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255,245 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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1,109,897 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (207,276) | |
Total assets less current liabilities | 47,969 | |
Net assets |
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Hudson Kapel Fleet Solutions Ltd (registered number:
J M R Halloran
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Hudson Kapel Fleet Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is One Eleven, Edmund Street, Birmingham, B3 2HJ, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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Office equipment |
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Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Period from 13.01.2023 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Plant and machinery | Vehicles | Fixtures and fittings | Office equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 13 January 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||||||||
At 13 January 2023 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||||||||
At 31 December 2023 |
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31.12.2023 | |
£ | |
Trade debtors |
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Prepayments |
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Other debtors |
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31.12.2023 | |
£ | |
Trade creditors |
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Amounts owed to directors |
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Accruals |
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Other taxation and social security |
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Other creditors |
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31.12.2023 | |
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Allotted, called-up and fully-paid | |
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Transactions with the entity's directors
31.12.2023 | |
£ | |
Amounts owed to directors | 753,320 |
At the end of the period, the directors were owed £753,320. No interest has been charged and there are no fixed dates for repayment.
The directors have fixed and floating charges over the company's assets.
31.12.2023 | |
£ | |
79,936 |
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as shown above.