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REGISTERED NUMBER: 02633508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ABERCONWY CAR AND VAN HIRE LIMITED

ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABERCONWY CAR AND VAN HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr C A Williams
Mr B D Williams
Mrs V S Williams
Mrs A R C Williams



SECRETARY: Mr C A Williams



REGISTERED OFFICE: Maesdu Road
Llandudno
North Wales
LL30 1HP



REGISTERED NUMBER: 02633508 (England and Wales)



ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE



BANKERS: HSBC
60 Mostyn Street
Llandudno
North Wales
LL30 2SF

ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 99,000 110,000
Tangible assets 5 293,772 293,150
Investments 6 200 200
392,972 403,350

CURRENT ASSETS
Stocks 1,317,805 1,104,519
Debtors 375,091 412,992
Cash at bank and in hand 190,431 108,290
1,883,327 1,625,801
CREDITORS
Amounts falling due within one year 754,284 698,607
NET CURRENT ASSETS 1,129,043 927,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,015

1,330,544

CREDITORS
Amounts falling due after more than one
year

7

362,026

382,975
NET ASSETS 1,159,989 947,569

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,158,989 946,569
1,159,989 947,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2024 and were signed on its behalf by:





Mr C A Williams - Director


ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Aberconwy Car And Van Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is being amortised and the carrying amount is reviewed annually by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

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.

Rental income
Rental income is measured at the fair value of the consideration received and is included in other operating
income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 110,000
AMORTISATION
Amortisation for year 11,000
At 30 April 2024 11,000
NET BOOK VALUE

At 30 April 2024 99,000
At 30 April 2023 110,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 313,021
Additions 1,800
At 30 April 2024 314,821
DEPRECIATION
At 1 May 2023 19,871
Charge for year 1,178
At 30 April 2024 21,049
NET BOOK VALUE
At 30 April 2024 293,772
At 30 April 2023 293,150

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 200
At 30 April 2023 200

ABERCONWY CAR AND VAN HIRE LIMITED (REGISTERED NUMBER: 02633508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 1 year 81,855 100,015

8. RELATED PARTY DISCLOSURES

As at the 30th April 2024 £185,555 (2023: £156,865) was owed by Aberconwy Properties Limited. During the year loans of £36,640 were made and repayments of £7,950 were received.

As at the 30th April 2024 £37,784 (2023: £37,784) was owed to Northern Pottery. There was no movement during the year.