Company Registration No. 12763016 (England and Wales)
WE ARE EV HIRE LTD
Unaudited accounts
for the year ended 30 November 2023
WE ARE EV HIRE LTD
Unaudited accounts
Contents
WE ARE EV HIRE LTD
Company Information
for the year ended 30 November 2023
Directors
J Guthrie
T R Kilminster
Company Number
12763016 (England and Wales)
Registered Office
BROOK COTTAGE
MAIN ROAD
EASTER COMPTON
BRISTOL
BS35 5RH
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
WE ARE EV HIRE LTD
Statement of financial position
as at 30 November 2023
Tangible assets
57,819
38,849
Cash at bank and in hand
4,285
299
Creditors: amounts falling due within one year
(82,979)
(42,934)
Net current liabilities
(64,826)
(39,686)
Total assets less current liabilities
(7,007)
(837)
Provisions for liabilities
Net liabilities
(8,813)
(1,078)
Called up share capital
100
100
Profit and loss account
(8,913)
(1,178)
Shareholders' funds
(8,813)
(1,078)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
J Guthrie
Director
Company Registration No. 12763016
WE ARE EV HIRE LTD
Notes to the Accounts
for the year ended 30 November 2023
WE ARE EV HIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 12763016. The registered office is BROOK COTTAGE, MAIN ROAD, EASTER COMPTON, BRISTOL, BS35 5RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has made a loss in the period of account and has net liabilities at the balance sheet date. However, given the continuing financial support from the company's parent, these accounts have been prepared on a going concern basis.
WE ARE EV HIRE LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
56,000
399
56,399
Disposals
(56,000)
-
(56,000)
At 30 November 2023
70,964
399
71,363
At 1 December 2022
17,500
50
17,550
Charge for the year
13,414
80
13,494
On disposals
(17,500)
-
(17,500)
At 30 November 2023
13,414
130
13,544
At 30 November 2023
57,550
269
57,819
At 30 November 2022
38,500
349
38,849
Amounts falling due within one year
Accrued income and prepayments
2,202
1,950
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
80,951
39,652
Taxes and social security
1,728
-
7
Deferred taxation
2023
2022
Accelerated capital allowances
2,317
241
Tax losses carried forward
(511)
-
Provision at start of year
241
241
Charged to the profit and loss account
1,565
-
Provision at end of year
1,806
241
WE ARE EV HIRE LTD
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
75 Ordinary shares of £1 each
75
75
25 A Ordinary shares of £1 each
25
25
The parent undertaking is We Are EV Group Ltd whose registered office is Brook Cottage, Main Road, Easter Compton, Bristol, BS35 5RH.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).