Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09286787 Mr Navpreet Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09286787 2023-07-31 09286787 2024-07-31 09286787 2023-08-01 2024-07-31 09286787 frs-core:CurrentFinancialInstruments 2024-07-31 09286787 frs-core:Non-currentFinancialInstruments 2024-07-31 09286787 frs-core:BetweenOneFiveYears 2024-07-31 09286787 frs-core:ComputerEquipment 2024-07-31 09286787 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09286787 frs-core:ComputerEquipment 2023-07-31 09286787 frs-core:FurnitureFittings 2024-07-31 09286787 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09286787 frs-core:FurnitureFittings 2023-07-31 09286787 frs-core:MotorVehicles 2024-07-31 09286787 frs-core:MotorVehicles 2023-08-01 2024-07-31 09286787 frs-core:MotorVehicles 2023-07-31 09286787 frs-core:WithinOneYear 2024-07-31 09286787 frs-core:ShareCapital 2024-07-31 09286787 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09286787 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09286787 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09286787 frs-bus:SmallEntities 2023-08-01 2024-07-31 09286787 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09286787 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09286787 frs-bus:Director1 2023-08-01 2024-07-31 09286787 frs-core:CurrentFinancialInstruments 5 2024-07-31 09286787 frs-countries:EnglandWales 2023-08-01 2024-07-31 09286787 2022-07-31 09286787 2023-07-31 09286787 2022-08-01 2023-07-31 09286787 frs-core:CurrentFinancialInstruments 2023-07-31 09286787 frs-core:Non-currentFinancialInstruments 2023-07-31 09286787 frs-core:BetweenOneFiveYears 2023-07-31 09286787 frs-core:WithinOneYear 2023-07-31 09286787 frs-core:ShareCapital 2023-07-31 09286787 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09286787 frs-core:CurrentFinancialInstruments 5 2023-07-31
Registered number: 09286787
Nav Van Hire Limited
Financial Statements
For The Year Ended 31 July 2024
NSG Accountants Limited
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09286787
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,085,526 1,782,504
2,085,526 1,782,504
CURRENT ASSETS
Debtors 5 102,217 106,092
Cash at bank and in hand 2,550 24,072
104,767 130,164
Creditors: Amounts Falling Due Within One Year 6 (789,022 ) (636,887 )
NET CURRENT ASSETS (LIABILITIES) (684,255 ) (506,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,401,271 1,275,781
Creditors: Amounts Falling Due After More Than One Year 7 (998,747 ) (1,013,142 )
NET ASSETS 402,524 262,639
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 402,424 262,539
SHAREHOLDERS' FUNDS 402,524 262,639
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Navpreet Singh
Director
13/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nav Van Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09286787 . The registered office is 126 Churchill Way, Kettering, Northamptonshire, NN15 5BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 2,522,475 9,235 5,865 2,537,575
Additions 696,970 - - 696,970
Disposals (318,988 ) - - (318,988 )
As at 31 July 2024 2,900,457 9,235 5,865 2,915,557
Depreciation
As at 1 August 2023 747,455 1,751 5,865 755,071
Provided during the period 216,594 1,119 - 217,713
Disposals (142,753 ) - - (142,753 )
As at 31 July 2024 821,296 2,870 5,865 830,031
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 2,079,161 6,365 - 2,085,526
As at 1 August 2023 1,775,020 7,484 - 1,782,504
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,267 31,842
Other debtors 9,250 10,250
Amounts owed by related company 17,700 64,000
102,217 106,092
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 564,418 505,934
Bank loans and overdrafts 26,533 25,000
Other taxes and social security 699 41
VAT 66,500 4,678
Other creditors 3,868 4,208
Vehicle Hire Deposits 122,500 93,750
Accruals and deferred income 1,599 1,601
Director's loan account 2,905 1,675
789,022 636,887
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 922,032 898,237
Bank loans 76,715 114,905
998,747 1,013,142
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 564,418 505,934
Later than one year and not later than five years 922,032 898,237
1,486,450 1,404,171
1,486,450 1,404,171
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4