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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
Page
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Candu Self Drive Hire Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
427 
570 
Tangible assets
21,609 
34,127 
22,036 
34,697 
Current assets
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)
Net assets
1,637 
20,308 
Capital and reserves
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
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Candu Self Drive Hire Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
1,426 
At 30 June 2024
1,426 
Amortisation
At 1 July 2023
856 
Charge for the year
143 
At 30 June 2024
999 
Net book value
At 30 June 2024
427 
At 30 June 2023
570 
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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 
Additions
- 
- 
2,450 
2,450 
Disposals
- 
- 
(5,350)
(5,350)
At 30 June 2024
10,121 
13,748 
65,703 
89,572 
Depreciation
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 
Net book value
At 30 June 2024
10,121 
625 
10,863 
21,609 
At 30 June 2023
10,121 
2,278 
21,728 
34,127 
6
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 
Accruals
2,200 
3,072 
50,717 
43,323 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,660 
7,548 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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