Company Registration No. 06865200 (England and Wales)
KEEP IT CHEAP - CAR RENTALS LIMITED
Unaudited accounts
for the year ended 31 March 2024
KEEP IT CHEAP - CAR RENTALS LIMITED
Unaudited accounts
Contents
KEEP IT CHEAP - CAR RENTALS LIMITED
Company Information
for the year ended 31 March 2024
Company Number
06865200 (England and Wales)
Registered Office
UNIT 14 BASSENDALE ROAD, CROFT BUSINESS
BROMBOROUGH
WIRRAL
MERSEYSIDE
CH62 3QL
ENGLAND
Accountants
Excel Accountancy Ltd
The Film Studio
Boundary Street
Liverpool
Merseyside
L5 9YJ
KEEP IT CHEAP - CAR RENTALS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
29,974
58,947
Cash at bank and in hand
(39,570)
(43,988)
Creditors: amounts falling due within one year
(18,777)
(19,884)
Net current liabilities
(54,574)
(60,896)
Total assets less current liabilities
(24,600)
(1,949)
Creditors: amounts falling due after more than one year
(27,129)
(37,129)
Provisions for liabilities
Deferred tax
(8,378)
(11,200)
Net liabilities
(60,107)
(50,278)
Called up share capital
1,000
1,000
Profit and loss account
(61,107)
(51,278)
Shareholders' funds
(60,107)
(50,278)
For the year ending 31 March 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 25 November 2024 and were signed on its behalf by
BLAND, Dale
Director
Company Registration No. 06865200
KEEP IT CHEAP - CAR RENTALS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
KEEP IT CHEAP - CAR RENTALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06865200. The registered office is UNIT 14 BASSENDALE ROAD, CROFT BUSINESS , BROMBOROUGH, WIRRAL, MERSEYSIDE, CH62 3QL, ENGLAND.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
10,200
91,026
417
101,643
At 31 March 2024
10,200
91,026
417
101,643
At 1 April 2023
5,254
37,026
416
42,696
Charge for the year
1,973
27,000
-
28,973
At 31 March 2024
7,227
64,026
416
71,669
At 31 March 2024
2,973
27,000
1
29,974
At 31 March 2023
4,946
54,000
1
58,947
KEEP IT CHEAP - CAR RENTALS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,250
1,250
Taxes and social security
3,664
3,913
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).