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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
Page
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KEEP IT CHEAP - CAR RENTALS LIMITED Company Information for the year ended 31 March 2024
Director
BLAND, Dale
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
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KEEP IT CHEAP - CAR RENTALS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,974 
58,947 
Current assets
Inventories
3,000 
3,000 
Debtors
773 
(24)
Cash at bank and in hand
(39,570)
(43,988)
(35,797)
(41,012)
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)
Capital and reserves
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
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KEEP IT CHEAP - CAR RENTALS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
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 
Depreciation
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 
Net book value
At 31 March 2024
2,973 
27,000 
1 
29,974 
At 31 March 2023
4,946 
54,000 
1 
58,947 
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KEEP IT CHEAP - CAR RENTALS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
773 
(24)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,250 
1,250 
VAT
5,994 
1,022 
Taxes and social security
3,664 
3,913 
Other creditors
198 
391 
Accruals
7,671 
13,308 
18,777 
19,884 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,129 
37,129 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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