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REGISTERED NUMBER: 06384912 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Cheshire Van Hire Ltd

Cheshire Van Hire Ltd (Registered number: 06384912)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Cheshire Van Hire Ltd (Registered number: 06384912)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,570 18,094

CURRENT ASSETS
Stocks 168,317 229,475
Debtors 5 12,983 -
Cash at bank and in hand 166,601 227,688
347,901 457,163
CREDITORS
Amounts falling due within one year 6 (80,155 ) (208,449 )
NET CURRENT ASSETS 267,746 248,714
TOTAL ASSETS LESS CURRENT LIABILITIES 281,316 266,808

CREDITORS
Amounts falling due after more than one
year

7

(14,279

)

(24,170

)
NET ASSETS 267,037 242,638

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 267,035 242,636
SHAREHOLDERS' FUNDS 267,037 242,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 27 June 2024 and were signed by:



Mr M P Fahey - Director


Cheshire Van Hire Ltd (Registered number: 06384912)

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

1. STATUTORY INFORMATION

Cheshire Van Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06384912

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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.

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 2 (2022 - 2 ) .

Cheshire Van Hire Ltd (Registered number: 06384912)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 113,808 3,397 117,205
DEPRECIATION
At 1 January 2023 95,759 3,352 99,111
Charge for year 4,513 11 4,524
At 31 December 2023 100,272 3,363 103,635
NET BOOK VALUE
At 31 December 2023 13,536 34 13,570
At 31 December 2022 18,049 45 18,094

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 70,706
Transfer to ownership (70,706 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 53,927
Transfer to ownership (53,927 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 16,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,000 -
Other debtors 5,983 -
12,983 -

Cheshire Van Hire Ltd (Registered number: 06384912)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 22,698 5,222
Amounts owed to group undertakings 38,530 148,570
Taxation and social security 6,394 42,124
Other creditors 1,885 1,885
80,155 208,449

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,279 24,170

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 24,927 34,818

The bank overdraft is secured by a debenture over all the assets of the company, in favour of the Natwest Bank plc.