Company registration number 11164082 (England and Wales)
HTC Fleet Solutions Limited
Unaudited financial statements
For the year ended 28 February 2024
HTC Fleet Solutions Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
HTC Fleet Solutions Limited
Statement of financial position
As at 28 February 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
972,474
972,474
Current assets
Cash at bank and in hand
7
2,556
Creditors: amounts falling due within one year
4
(462,650)
(578,617)
Net current liabilities
(462,643)
(576,061)
Total assets less current liabilities
509,831
396,413
Creditors: amounts falling due after more than one year
5
(1,750)
(3,150)
Net assets
508,081
393,263
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
507,081
392,263
Total equity
508,081
393,263
HTC Fleet Solutions Limited
Statement of financial position (continued)
As at 28 February 2024
28 February 2024
- 2 -

For the financial year ended 28 February 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 October 2024 and are signed on its behalf by:
Mr C Lamont
Mrs C Chidlow
Director
Director
Mr D A J Brown
Director
Company registration number 11164082 (England and Wales)
HTC Fleet Solutions Limited
Notes to the financial statements
For the year ended 28 February 2024
- 3 -
1
Accounting policies
Company information

HTC Fleet Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Evolution, Hooters Hall Road, Lymedale West, Newcastle under Lyme, Staffordshire, England, ST5 9QF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

HTC Fleet Solutions Limited
Notes to the financial statements (continued)
For the year ended 28 February 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
972,474
972,474
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,400
1,400
Trade creditors
7
-
0
Amounts owed to group undertakings
400,474
524,746
Taxation and social security
95
95
Other creditors
60,674
52,376
462,650
578,617
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,750
3,150
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