Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01falseNo description of principal activity33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09576394 2023-05-01 2024-04-30 09576394 2022-05-01 2023-04-30 09576394 2024-04-30 09576394 2023-04-30 09576394 c:Director1 2023-05-01 2024-04-30 09576394 c:Director2 2023-05-01 2024-04-30 09576394 c:Director3 2023-05-01 2024-04-30 09576394 c:RegisteredOffice 2023-05-01 2024-04-30 09576394 d:MotorVehicles 2023-05-01 2024-04-30 09576394 d:MotorVehicles 2024-04-30 09576394 d:MotorVehicles 2023-04-30 09576394 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09576394 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09576394 d:ComputerEquipment 2023-05-01 2024-04-30 09576394 d:ComputerEquipment 2024-04-30 09576394 d:ComputerEquipment 2023-04-30 09576394 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09576394 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09576394 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09576394 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09576394 d:CurrentFinancialInstruments 2024-04-30 09576394 d:CurrentFinancialInstruments 2023-04-30 09576394 d:Non-currentFinancialInstruments 2024-04-30 09576394 d:Non-currentFinancialInstruments 2023-04-30 09576394 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09576394 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09576394 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09576394 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09576394 d:ShareCapital 2024-04-30 09576394 d:ShareCapital 2023-04-30 09576394 d:RetainedEarningsAccumulatedLosses 2024-04-30 09576394 d:RetainedEarningsAccumulatedLosses 2023-04-30 09576394 c:FRS102 2023-05-01 2024-04-30 09576394 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09576394 c:FullAccounts 2023-05-01 2024-04-30 09576394 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09576394 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 09576394 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 09576394 d:LeasedAssetsHeldAsLessee 2024-04-30 09576394 d:LeasedAssetsHeldAsLessee 2023-04-30 09576394 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 09576394







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


SL1 VEHICLE HIRE LIMITED






































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SL1 VEHICLE HIRE LIMITED
 


 
COMPANY INFORMATION


Directors
M K Willis 
S J Willis 
C G Willis 




Registered number
09576394



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SL1 VEHICLE HIRE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


SL1 VEHICLE HIRE LIMITED
REGISTERED NUMBER:09576394



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
556,076
459,993

  
556,076
459,993

Current assets
  

Debtors: amounts falling due within one year
 5 
9,197
33,877

Cash at bank and in hand
  
30,311
67,768

  
39,508
101,645

Creditors: amounts falling due within one year
 6 
(363,710)
(337,068)

Net current liabilities
  
 
 
(324,202)
 
 
(235,423)

Total assets less current liabilities
  
231,874
224,570

Creditors: amounts falling due after more than one year
 7 
(87,158)
(62,333)

Provisions for liabilities
  

Deferred tax
  
(102,695)
(102,699)

  
 
 
(102,695)
 
 
(102,699)

Net assets
  
42,021
59,538


Capital and reserves
  

Called up share capital 
  
340
340

Profit and loss account
  
41,681
59,198

  
42,021
59,538


Page 1

 


SL1 VEHICLE HIRE LIMITED
REGISTERED NUMBER:09576394


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M K Willis
Director

Date: 21 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SL1 VEHICLE HIRE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

SL1 Vehicle Hire Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and principle place of business can be found on the Company Information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. There have been no significant judgements and estimates used in the financil statements that have impacted upon this assessment.

 
2.3

Revenue

Revenue from vehicle hire is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue from vehicle hire is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


SL1 VEHICLE HIRE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


SL1 VEHICLE HIRE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).






Page 5

 


SL1 VEHICLE HIRE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
889,085
3,201
892,286


Additions
648,048
-
648,048


Disposals
(536,916)
-
(536,916)



At 30 April 2024

1,000,217
3,201
1,003,418



Depreciation


At 1 May 2023
429,508
2,785
432,293


Charge for the year on owned assets
150,826
355
151,181


Charge for the year on financed assets
49,892
-
49,892


Disposals
(186,024)
-
(186,024)



At 30 April 2024

444,202
3,140
447,342



Net book value



At 30 April 2024
556,015
61
556,076



At 30 April 2023
459,577
416
459,993

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
241,552
178,019

241,552
178,019


5.


Debtors

2024
2023
£
£


Trade debtors
8,794
27,510

Prepayments and accrued income
403
6,367

9,197
33,877


Page 6

 


SL1 VEHICLE HIRE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,075
728

Amounts owed to group undertakings
255,538
205,287

Corporation tax
-
892

Other taxation and social security
3,605
18,885

Obligations under finance lease and hire purchase contracts
64,782
92,042

Other creditors
10,010
14,834

Accruals and deferred income
5,700
4,400

363,710
337,068



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
87,158
62,333

87,158
62,333


The following liabilities were secured:

2024
2023
£
£



Hire purchase
168,561
154,375

168,561
154,375

Details of security provided:

Hire purchase liabilities are secured over the assets to which they pertain.


8.


Related party transactions

At the year end The company owes it's parent company, Slough Van & Truck Centre Ltd, £255,538 (2023: £205,287). The amounts is interest-free and repayable on demand.


9.


Controlling party

The ultimate parent company is Slough Van & Truck Centre Ltd, a company registered in England & Wales whose registered office is Magna House, 18-32 London Road, Staines-Upon-Thames, Surrey, TW18 4BP.

 
Page 7