Registered number:
For the Period Ended
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AVAILABLE CAR LIMITED
Company Information
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AVAILABLE CAR LIMITED
Contents
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AVAILABLE CAR LIMITED
Strategic Report
For the Period Ended 30 June 2024
Available Car is a family run used car retailer and a leading car supermarket group, operating in the East Midlands. Available Car has pioneered a non-motor trade retail concept which is not to sell to customers, it is simply to help them buy.
Our car supermarket locations are: - CASTLE DONINGTON – the original Available Car Site opened in January 2002. The head office site currently employs 200 and stocks 1,200 cars. - SUTTON-IN-ASHFIELD – opened in April 2007. The site currently employs 135 and stocks 850 cars.
Available Car is focused on the long-term future of the company. Continued investment in our two sites will ensure the long-term success of Available Car. We have continued to invest in our employees and technology, despite the tough trading conditions the motor industry has faced. The key is long term stability for the shareholders and stakeholders of the company.
Business review 2024 has been a positive period for the company. Following on from the operational changes made during 2023, we have returned to profitability. The plans which were put together as part of those operational changes are now starting to deliver the results we expected. The company will continue to review its operation to generate the best long-term outcome for shareholders and stakeholders. 2024 has shown a significant increase in trading, despite the used car sector continuing to be an extremely challenging marketplace. The Shareholders are pleased with the progress that is being made by the reshaped leadership team and the business is on track to achieve its target for the end of 2024. The business will continue to evolve as we build on the positive steps made throughout this year and head into 2025. Our customers remain the focus of all the decisions we make as an organisation. We will continue invest in, and work with, our colleagues to ensure that we provide the very best customer outcomes and ensure that Available Car is the choice destination for both our existing and new customers.
The company has considered the principal risks and uncertainties to which it is exposed, and this is taken into account when making key strategic decisions. The main risks and uncertainties pertain to the liquidity risk and the current uncertainty surrounding interest rates.
The business' principal financial instruments comprise bank balances, bank overdrafts, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations. In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest. All of the business' cash balances are held in such a way that achieves a competitive rate of interest. The business makes use of money market facilities where funds are available. The business also has access to a stocking loan facility. Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors. Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
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AVAILABLE CAR LIMITED
Strategic Report (continued)
For the Period Ended 30 June 2024
The Directors consider the principle financial key performance indicators to be turnover and debt level.
• Turnover for the period 1st January 2024 to 30th June 2024 was £117.2m which is an increase from a turnover of £92.2m in the same period in 2023 at the two sites that we continue to operate from. • Borrowing has decreased from £63.3m in June 2023 to £14.4m as of June 2024.
The Directors consider the principle non-financial key performance indicators to be retail units sold.
The company have sold 2,146 more retail units from 1st January 2024 to 30th June 2024 versus the same period in 2023 at the two sites that we continue to operate from.
Stakeholders
The Board of Directors at Available Car acknowledges we have a legal responsibility under section 172 of the Companies Act 2006. This statement outlines the way in which the Board acts on this responsibility. The way in which decisions are undertaken and the company is structured, both at present and for the future, is in consideration of the long term benefits of our stakeholders. Driving the company success Since its formation in 2001, Available Car has grown to be one of the UK’s most reputable supermarket groups and one of the biggest independently owned groups in the motor industry. It is part of the family-owned Graham Bell Group of companies. The ‘Available Car family’ has always been at the forefront of how we operate and today is no different, with the Bell family at the helm and working within the organisation on a daily basis. We are proud of our staff and their achievements. During the past 12 months, we have made operational changes to ensure the long-term future of the organisation is secure. Despite a challenging few years, Available Car is ready for the long term, and the company are confident the management team will be able to achieve our long term strategy. Our continued investment in our staff and our processes creates a platform to continue to grow the business in the future and ensure that we continue to be an excellent choice for customers when purchasing a used car. With this investment, it will allow us to gain market share and maximise profitability, which can be invested to continue to the growth and provide the best possible returns to the shareholders. Our engagement with Stakeholders Our employees Our staff are at the heart of everything we do. We have a great reputation for customer service and that is down to the staff who walk our customers through the Available Car journey every single day. We simply cannot achieve what we do without all of our staff.
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AVAILABLE CAR LIMITED
Strategic Report (continued)
For the Period Ended 30 June 2024
We understand the benefits of having a well-established team, so we look to engage and retain our team members by;
- Continuously reviewing remuneration to ensure we are rewarding our staff correctly, as they are a key part of our business; - Providing training and support for all members of staff at all levels; - Rewarding our staff in our success. We operate a profit related pay scheme, which all staff are part of and are paid a share of the profits; - Ensuring our staff have a voice. We operate an anonymous staff survey quarterly to get staff feedback and suggestions, as their opinions matter. Our Customers Customer service is the number one priority in our business and we always aim to give our customers the very best buying experience. Our no-hassle approach and relaxing, friendly environment makes the Available Car shopping experience unique. We don’t employ salespeople, instead, we employ Customer Assistants and Customer Relationship Managers. Our shopping experience is built around our customers, and how they like to shop. Instead of selling cars to our customers, we help our customers to buy. This way of serving our customers has been a vital component in the growth and continued success of the company. Supporting the community As a family run organisation, we are passionate about supporting families in need of support in our local communities. We proudly support three fantastic Children’s Hospices that are within the local community of our sites. All of these organisations provide much needed support for not only the children but also for their families. Supporting these organisations is something the Bell family is extremely passionate about. Together with the support of our wonderful customers, we have raised in excess of £1 million pounds for these charities, something which we are extremely proud of as a company.
This report was approved by the board and signed on its behalf.
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AVAILABLE CAR LIMITED
Directors' Report
For the Period Ended 30 June 2024
The directors present their report and the financial statements for the period ended 30 June 2024.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the period, after taxation, amounted to £155 thousand (2023 - loss £10,499 thousand).
Dividends of £582,000 (2023: £582,000) were paid during the year. No further dividends are recommended for payment.
The directors who served during the period were:
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AVAILABLE CAR LIMITED
Directors' Report (continued)
For the Period Ended 30 June 2024
2024 has continued to be an extremely challenging marketplace. The used car sector has been starved of supply and values of vehicles have continued to hold. In addition to this, we are seeing continued highs in fuel and energy prices, the cost of borrowing remains higher than before which affect both the business and our customers. Interest rates have been extremely impactful, given the level of borrowing the business requires to operate and fund stock.
Several competitors within our sector have now either ceased trading or diverted their operational focus away from the used car supermarket model, which further supports the point that the marketplace is still a challenge. During 2023 the company took the decision to rescale its operation by closing two of the trading locations which it operated from during the majority of 2023. This has allowed the company to focus on its two remaining trading locations and reduce borrowing to a sustainable level, which will protect the long-term future and enable the company to trade and meet the shareholders expectations. We will continue to work with, and support, our customers, and employees through these challenging set of circumstances. We will continue to reshape the business and achieve our goals in 2024, ensuring that Available Car is the choice destination for both our existing and new customers.
Consultation with employees has continued at all levels, with the aim of ensuring that their views are taken into account when decisions are made that are likely to affect their interests and that all employees are aware of the financial and economic performance of the company. An annual performance related pay profit share bonus is offered to employees.
We have a trusted relationship with all our suppliers. We aim to pay all our suppliers on time and in line with their standard terms. As a company we understand that smaller businesses, who we use as suppliers, need to be paid quickly to ensure they can continue to operate and in turn support us. Examples of this include 7 day or 14 day payment terms for selected suppliers which we meet.
Where existing employees become disabled, it is the company's policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.
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AVAILABLE CAR LIMITED
Directors' Report (continued)
For the Period Ended 30 June 2024
Methodology
The methodology used is in line with the March 2019 BEIS 'Environmental Reporting Guidlines: Including streamlined energy and carbon reporting guidance', and the EMA methodology for SECR Reporting. All measured emissions from activities which the organisation has financial control over are included unless otherwise stated in the exclusions statement, as required under The Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018. The carbon figures have been calculated using the DESNZ 2023 carbon conversion factors for all fuels, other than the market based electricity which has been taken from Total Energies as the UK supplier.
Measures taken to improve energy efficiency
The company fleet now comprises of 50 full electric or hybrid vehicle demonstrators. Lighting is being convert to LED on an 'as and when' basis across all sites, as well as automatic (sensory) lights being fitted at some branches. Meetings have been held remotely where possible, reducing road fuel consumption.
Intensity measurement
The location based intensity ratio of tCO2e per £M turnover decreased from 5.24 in 2022 to 3.95 in 2023, a 24.6% intensity decrease. Compared to the base year of 2020, this is a 45.7% reduction in intensity.
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AVAILABLE CAR LIMITED
Directors' Report (continued)
For the Period Ended 30 June 2024
Under section 487(2) of the Companies Act 2006, PKF Smith Cooper Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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AVAILABLE CAR LIMITED
Independent Auditors' Report to the Members of Available Car Limited
We have audited the financial statements of Available Car Limited (the 'Company') for the period ended 30 June 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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AVAILABLE CAR LIMITED
Independent Auditors' Report to the Members of Available Car Limited (continued)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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AVAILABLE CAR LIMITED
Independent Auditors' Report to the Members of Available Car Limited (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Company and industry, we identify the key laws and regulations affecting the Company. We identified that the principal risk of fraud or non-compliance with laws and regulations related to: • management bias in respect of accounting estimates and judgements made; • management override of control; • posting of unusual journals or transactions; • compliance with the FCA regulations. We focussed on those area that could give rise to a material misstatement in the Company financial statements. Our procedures included, but were not limited to: • Enquiry of management and those charged with governance/review of correspondence around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud; • Reviewing minutes of meetings of those charged with governance where available; • Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud; • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; • Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias/analytical procedures to identify any unexpected or unusual relationships that might indicate material misstatement due to fraud. It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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AVAILABLE CAR LIMITED
Independent Auditors' Report to the Members of Available Car Limited (continued)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditors
2 Lace Market Square
Nottingham
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AVAILABLE CAR LIMITED
Statement of Comprehensive Income
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Registered number: 04318082
Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 34 form part of these financial statements.
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AVAILABLE CAR LIMITED
Statement of Changes in Equity
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Statement of Cash Flows
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Statement of Cash Flows (continued)
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Analysis of Net Debt
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
1.Accounting policies
Available Car Limited is a private company limited by shares and incorporated in England, the United Kingdom. The address of the registered office is given in the company information page of these financial statements. The company's registration number is 04318082. The principal activity of the company is detailed in the Directors' Report.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical convention, modified to include certain items at fair value.
The company is itself a subsidiary company and is exempt from the requirement to prepare group financial statements by virtue of section 400 of the Companies Act 2006. The financial statements therefore present information about the company as an individual undertaking and not about its group.
The financial statements are prepared in Sterling which is the functional currency of the company and rounded to the nearest £1,000. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The following principal accounting policies have been applied:
In preparing the financial statements on a going concern basis, the Directors have paid due regard to relevant forecast financial information - including cash flows, funding from key supporters and sensitivities and uncertainties affecting the company. In the Directors' opinion, the company is a going concern for a minimum of twelve months from the date of approval of the financial statements.
Revenue from commissions receivable on the sale of finance, income from warranty and insurance products and revenue from the sale of vehicle components and accessories are also recognised upon handover of the vehicle to the customer. The directors consider all turnover to be related to the sale of used motor vehicles as the sale of ancillary products and services are not independent to the sale of the vehicle.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
1.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
1.Accounting policies (continued)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
At the end of each reporting period stock is assessed for impairment. If an item is impaired, it is reduced to its selling price less costs to sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
1.Accounting policies (continued)
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. an original maturity date of three months or less. are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in other administrative expenses.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
1.Accounting policies (continued)
A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a single coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.
The whole of the turnover is attributable to the retail sale of used motor vehicles and was generated in the UK.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
12.Taxation (continued)
The Company has approximately £17m of taxable losses available to offset taxable profits. The deferred
tax asset in respect of these losses has only been recognised to the extent that it offsets the deferred tax liability. Any further deferred tax asset remains a contingent asset until all the factors required for its recognition have been met.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amount to £137,000 (2023 - £409,000).
Contributions totalling £50,000 (2023 - £48,000) were payable to the scheme at the end of the period and are included in accruals.
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
Profit and loss account
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AVAILABLE CAR LIMITED
Notes to the Financial Statements
For the Period Ended 30 June 2024
As part of the Company’s strategy to concentrate resources on higher margin and more profitable
sites, the Company sold the trade and assets of the Leeds and Cannock site, on 19 October 2023. During the prior period the sites contributed post-tax losses of £4,263m which is presented seperately in the prior period Statement of Comprehensive Income. There have been no discontinued operations in the period ended 30 June 2024.
The company has an unlimited inter-company cross guarantee dated 27 July 2005, along with Graham Bell (Holdings) Limited and Graham Bell Limited in order to provide security to The Royal Bank of Scotland over various group borrowings.
The ultimate parent undertaking is Graham Bell (Holdings) Limited, a company incorporated in the United Kingdom.
The company is controlled by Mr G Bell and Mrs A M Bell. The largest group in which the results of the company are consolidated is Graham Bell (Holdings) Limited. Consolidated financial statements are available from Station Road, Castle Donington, DE74 2NL.
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