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REGISTERED NUMBER: 03936546 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CHELMSFORD VAN HIRE LTD

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELMSFORD VAN HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs D A Lashmar





SECRETARY: K W Lashmar





REGISTERED OFFICE: 2A Marconi Road
Chelmsford
Essex
CM1 1QB





REGISTERED NUMBER: 03936546 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520,830 452,767
Investments 5 225,000 -
745,830 452,767

CURRENT ASSETS
Stocks 4,505 4,936
Debtors 6 47,539 54,816
Cash at bank and in hand 360,113 386,051
412,157 445,803
CREDITORS
Amounts falling due within one year 7 126,603 41,703
NET CURRENT ASSETS 285,554 404,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,384

856,867

CREDITORS
Amounts falling due after more than one
year

8

82,419

11,444
NET ASSETS 948,965 845,423

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 948,963 845,421
SHAREHOLDERS' FUNDS 948,965 845,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 director and authorised for issue on 26 November 2024 and were signed by:





Mrs D A Lashmar - Director


CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Chelmsford Van Hire Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2023 168,838 9,450 838,130
Additions - - 249,681
Disposals (35,000 ) - (114,215 )
At 29 February 2024 133,838 9,450 973,596
DEPRECIATION
At 1 March 2023 - - 569,692
Charge for year - - 124,250
Eliminated on disposal - - (93,099 )
At 29 February 2024 - - 600,843
NET BOOK VALUE
At 29 February 2024 133,838 9,450 372,753
At 28 February 2023 168,838 9,450 268,438

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 13,165 1,591 1,031,174
Additions - 374 250,055
Disposals - - (149,215 )
At 29 February 2024 13,165 1,965 1,132,014
DEPRECIATION
At 1 March 2023 7,153 1,562 578,407
Charge for year 1,503 123 125,876
Eliminated on disposal - - (93,099 )
At 29 February 2024 8,656 1,685 611,184
NET BOOK VALUE
At 29 February 2024 4,509 280 520,830
At 28 February 2023 6,012 29 452,767

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2023 39,615
Additions 191,718
At 29 February 2024 231,333
DEPRECIATION
At 1 March 2023 17,332
Charge for year 53,500
At 29 February 2024 70,832
NET BOOK VALUE
At 29 February 2024 160,501
At 28 February 2023 22,283

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 225,000
At 29 February 2024 225,000
NET BOOK VALUE
At 29 February 2024 225,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,929 12,206
Other debtors 42,610 42,610
47,539 54,816

CHELMSFORD VAN HIRE LTD (REGISTERED NUMBER: 03936546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 58,241 6,162
Trade creditors 964 1,890
Tax - 22,448
Social security and other taxes 1,073 1,323
VAT 4,331 4,774
Other creditors 159 686
Net Wages - 485
Directors' current accounts 57,635 235
Accruals and deferred income 4,200 3,700
126,603 41,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 82,419 11,444