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REGISTERED NUMBER: 04339813 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Excel Vehicle Hire Derby Limited

Excel Vehicle Hire Derby Limited (Registered number: 04339813)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Excel Vehicle Hire Derby Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S P Harvey
P Harvey





SECRETARY: S P Harvey





REGISTERED OFFICE: 1-2 Ascot Drive
Derby
DE24 8GW





REGISTERED NUMBER: 04339813 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Excel Vehicle Hire Derby 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 Statement of Financial Position. 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 Excel Vehicle Hire Derby Limited for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position 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 Excel Vehicle Hire Derby 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 Excel Vehicle Hire Derby Limited and state those matters that we have agreed to state to the Board of Directors of Excel Vehicle Hire Derby 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 Excel Vehicle Hire Derby Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Excel Vehicle Hire Derby 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 Excel Vehicle Hire Derby Limited. You consider that Excel Vehicle Hire Derby 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 Excel Vehicle Hire Derby 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.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


22 October 2024

Excel Vehicle Hire Derby Limited (Registered number: 04339813)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,886 38,911

CURRENT ASSETS
Debtors 5 75,264 60,805
Prepayments and accrued income 145 2,050
Cash at bank and in hand 21,174 61,669
96,583 124,524
CREDITORS
Amounts falling due within one year 6 35,879 54,856
NET CURRENT ASSETS 60,704 69,668
TOTAL ASSETS LESS CURRENT LIABILITIES 94,590 108,579

CREDITORS
Amounts falling due after more than one year 7 (38,294 ) (56,681 )

PROVISIONS FOR LIABILITIES (5,589 ) (3,851 )

ACCRUALS AND DEFERRED INCOME (1,821 ) (7,912 )
NET ASSETS 48,886 40,135

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 48,736 39,985
48,886 40,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 22 October 2024 and were signed on its behalf by:





S P Harvey - Director


Excel Vehicle Hire Derby Limited (Registered number: 04339813)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Excel Vehicle Hire Derby 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.

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

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Excel Vehicle Hire Derby Limited (Registered number: 04339813)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 - 8,735 37,205 45,940
Additions 2,250 - - 2,250
At 31 August 2024 2,250 8,735 37,205 48,190
DEPRECIATION
At 1 September 2023 - 3,708 3,321 7,029
Charge for year 188 1,506 5,581 7,275
At 31 August 2024 188 5,214 8,902 14,304
NET BOOK VALUE
At 31 August 2024 2,062 3,521 28,303 33,886
At 31 August 2023 - 5,027 33,884 38,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,684 31,786
Other debtors 23,580 29,019
75,264 60,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 8,695 11,531
Trade creditors 10,068 14,756
Taxation and social security 6,286 4,083
Other creditors 5,274 18,930
35,879 54,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,389 31,945
Hire purchase contracts 11,905 24,736
38,294 56,681