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REGISTERED NUMBER: 07800704 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EFL VEHICLES LIMITED

EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


EFL VEHICLES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mr M Ash





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





BUSINESS ADDRESS: Empire Business Park
Liverpool Road
Burnley
Lancashire
BB12 6HA





REGISTERED NUMBER: 07800704 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)

REPORT OF THE DIRECTOR
for the Year Ended 30 April 2024

The director presents his report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a car leasing and contract hire agent.

DIRECTOR
Mr M Ash held office during the whole of the period from 1 May 2023 to the date of this report.

The director shown below was in office at 30 April 2024 but did not hold any interest in the Ordinary shares of £1.00 each at 1 May 2023 or 30 April 2024.

Mr M Ash

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Ash - Director


31 May 2024

EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,053 1,404
1,053 1,404

CURRENT ASSETS
Debtors 6 839 -
Cash at bank and in hand 16,695 64,840
17,534 64,840
CREDITORS
Amounts falling due within one year 7 (18,349 ) (50,098 )
NET CURRENT (LIABILITIES)/ASSETS (815 ) 14,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

238

16,146

PROVISIONS FOR LIABILITIES - (267 )
NET ASSETS 238 15,879

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 236 15,877
SHAREHOLDERS' FUNDS 238 15,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)

BALANCE SHEET - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2024 and were signed by:





Mr M Ash - Director


EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

EFL Vehicles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EFL VEHICLES LIMITED (REGISTERED NUMBER: 07800704)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 7,636
DEPRECIATION
At 1 May 2023 6,232
Charge for year 351
At 30 April 2024 6,583
NET BOOK VALUE
At 30 April 2024 1,053
At 30 April 2023 1,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 839 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,414 420
Taxation and social security (204 ) 10,309
Other creditors 16,139 39,369
18,349 50,098

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Ash.