Company Registration No. 07669742 (England and Wales)
Candu Self Drive Hire Ltd
Unaudited accounts
for the year ended 30 June 2024
Candu Self Drive Hire Ltd
Unaudited accounts
Contents
Candu Self Drive Hire Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
21,609
34,127
Cash at bank and in hand
33,978
36,482
Creditors: amounts falling due within one year
(50,717)
(43,323)
Net current liabilities
(16,739)
(6,841)
Total assets less current liabilities
5,297
27,856
Creditors: amounts falling due after more than one year
(3,660)
(7,548)
Called up share capital
1
1
Profit and loss account
1,636
20,307
Shareholders' funds
1,637
20,308
For the year ending 30 June 2024 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 director acknowledges his 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 and authorised for issue on 18 November 2024 and were signed on its behalf by
Neil Virrels
Director
Company Registration No. 07669742
Candu Self Drive Hire Ltd
Notes to the Accounts
for the year ended 30 June 2024
Candu Self Drive Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 07669742. The registered office is 18 Faraday Road, Rayleigh, Essex, SS9 5JU, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line method
Motor vehicles
25% straight line method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Candu Self Drive Hire Ltd
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
10,121
13,748
68,603
92,472
Disposals
-
-
(5,350)
(5,350)
At 30 June 2024
10,121
13,748
65,703
89,572
At 1 July 2023
-
11,470
46,875
58,345
Charge for the year
-
1,653
9,102
10,755
On disposals
-
-
(1,137)
(1,137)
At 30 June 2024
-
13,123
54,840
67,963
At 30 June 2024
10,121
625
10,863
21,609
At 30 June 2023
10,121
2,278
21,728
34,127
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,056
8,907
Taxes and social security
12,927
15,788
Loans from directors
27,534
15,556
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Creditors: amounts falling due after more than one year
2024
2023
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Average number of employees
During the year the average number of employees was 1 (2023: 1).