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Company Registration No. 03927761 (England and Wales)
A.A.& T. Rentals Limited Unaudited accounts for the year ended 29 February 2024
A.A.& T. Rentals Limited Unaudited accounts Contents
Page
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A.A.& T. Rentals Limited Company Information for the year ended 29 February 2024
Directors
Patrick O'Regan Fiona Sara O'Regan
Company Number
03927761 (England and Wales)
Registered Office
Lumb Lane Yard 67 Lumb Lane Manchester M34 5WX UK
Accountants
Premier Accounts & Consultancy Ltd 76 Gloucester Road Urmston Manchester M41 9AE
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A.A.& T. Rentals Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,772,707 
7,418,823 
Current assets
Debtors
141,764 
194,686 
Cash at bank and in hand
100,858 
187,819 
242,622 
382,505 
Creditors: amounts falling due within one year
(1,160,027)
(1,592,049)
Net current liabilities
(917,405)
(1,209,544)
Total assets less current liabilities
3,855,302 
6,209,279 
Creditors: amounts falling due after more than one year
(2,025,806)
(3,339,538)
Net assets
1,829,496 
2,869,741 
Capital and reserves
Called up share capital
99 
99 
Fair value reserve
(393,897)
816,484 
Profit and loss account
2,223,294 
2,053,158 
Shareholders' funds
1,829,496 
2,869,741 
For the year ending 29 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 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 30 November 2024 and were signed on its behalf by
Patrick O'Regan Director Company Registration No. 03927761
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A.A.& T. Rentals Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
A.A.& T. Rentals Limited is a private company, limited by shares, registered in England and Wales, registration number 03927761. The registered office is Lumb Lane Yard, 67 Lumb Lane, Manchester, M34 5WX, UK.
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:
Motor vehicles
25% reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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A.A.& T. Rentals Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
11,897,228 
Additions
252,663 
Revaluations
(1,515,024)
Disposals
(1,120,000)
At 29 February 2024
9,514,867 
Depreciation
At 1 March 2023
4,478,405 
Charge for the year
988,451 
On disposals
(724,696)
At 29 February 2024
4,742,160 
Net book value
At 29 February 2024
4,772,707 
At 28 February 2023
7,418,823 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
129,505 
194,686 
Other debtors
12,259 
- 
141,764 
194,686 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,978 
30,674 
VAT
9,646 
2,801 
Obligations under finance leases and hire purchase contracts
1,012,902 
1,432,888 
Trade creditors
120,200 
119,880 
Taxes and social security
503 
1,174 
Other creditors
(3,202)
- 
Loans from directors
- 
4,632 
1,160,027 
1,592,049 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,025,806 
3,339,538 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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