2023-04-012024-03-312024-03-31falseSC657545AYRSHIRE VEHICLE RENTAL LIMITED2024-12-2077110falseiso4217:GBPxbrli:pureSC6575452023-04-01SC6575452024-03-31SC6575452023-04-012024-03-31SC6575452022-04-01SC6575452023-03-31SC6575452022-04-012023-03-31SC657545bus:SmallEntities2023-04-012024-03-31SC657545bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC657545bus:AbridgedAccounts2023-04-012024-03-31SC657545bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC657545core:WithinOneYear2024-03-31SC657545core:AfterOneYear2024-03-31SC657545core:WithinOneYear2023-03-31SC657545core:AfterOneYear2023-03-31SC657545core:ShareCapital2024-03-31SC657545core:SharePremium2024-03-31SC657545core:RevaluationReserve2024-03-31SC657545core:OtherReservesSubtotal2024-03-31SC657545core:RetainedEarningsAccumulatedLosses2024-03-31SC657545core:ShareCapital2023-03-31SC657545core:SharePremium2023-03-31SC657545core:RevaluationReserve2023-03-31SC657545core:OtherReservesSubtotal2023-03-31SC657545core:RetainedEarningsAccumulatedLosses2023-03-31SC657545core:LandBuildings2024-03-31SC657545core:PlantMachinery2024-03-31SC657545core:Vehicles2024-03-31SC657545core:FurnitureFittings2024-03-31SC657545core:OfficeEquipment2024-03-31SC657545core:NetGoodwill2024-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2024-03-31SC657545core:ListedExchangeTraded2024-03-31SC657545core:UnlistedNon-exchangeTraded2024-03-31SC657545core:LandBuildings2023-03-31SC657545core:PlantMachinery2023-03-31SC657545core:Vehicles2023-03-31SC657545core:FurnitureFittings2023-03-31SC657545core:OfficeEquipment2023-03-31SC657545core:NetGoodwill2023-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2023-03-31SC657545core:ListedExchangeTraded2023-03-31SC657545core:UnlistedNon-exchangeTraded2023-03-31SC657545core:LandBuildings2023-04-012024-03-31SC657545core:PlantMachinery2023-04-012024-03-31SC657545core:Vehicles2023-04-012024-03-31SC657545core:FurnitureFittings2023-04-012024-03-31SC657545core:OfficeEquipment2023-04-012024-03-31SC657545core:NetGoodwill2023-04-012024-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC657545core:ListedExchangeTraded2023-04-012024-03-31SC657545core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC657545core:MoreThanFiveYears2023-04-012024-03-31SC657545core:Non-currentFinancialInstruments2024-03-31SC657545core:Non-currentFinancialInstruments2023-03-31SC657545dpl:CostSales2023-04-012024-03-31SC657545dpl:DistributionCosts2023-04-012024-03-31SC657545core:LandBuildings2023-04-012024-03-31SC657545core:PlantMachinery2023-04-012024-03-31SC657545core:Vehicles2023-04-012024-03-31SC657545core:FurnitureFittings2023-04-012024-03-31SC657545core:OfficeEquipment2023-04-012024-03-31SC657545dpl:AdministrativeExpenses2023-04-012024-03-31SC657545core:NetGoodwill2023-04-012024-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC657545dpl:GroupUndertakings2023-04-012024-03-31SC657545dpl:ParticipatingInterests2023-04-012024-03-31SC657545dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC657545core:ListedExchangeTraded2023-04-012024-03-31SC657545dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC657545core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC657545dpl:CostSales2022-04-012023-03-31SC657545dpl:DistributionCosts2022-04-012023-03-31SC657545core:LandBuildings2022-04-012023-03-31SC657545core:PlantMachinery2022-04-012023-03-31SC657545core:Vehicles2022-04-012023-03-31SC657545core:FurnitureFittings2022-04-012023-03-31SC657545core:OfficeEquipment2022-04-012023-03-31SC657545dpl:AdministrativeExpenses2022-04-012023-03-31SC657545core:NetGoodwill2022-04-012023-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC657545dpl:GroupUndertakings2022-04-012023-03-31SC657545dpl:ParticipatingInterests2022-04-012023-03-31SC657545dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC657545core:ListedExchangeTraded2022-04-012023-03-31SC657545dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC657545core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC657545core:NetGoodwill2024-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2024-03-31SC657545core:LandBuildings2024-03-31SC657545core:PlantMachinery2024-03-31SC657545core:Vehicles2024-03-31SC657545core:FurnitureFittings2024-03-31SC657545core:OfficeEquipment2024-03-31SC657545core:AfterOneYear2024-03-31SC657545core:WithinOneYear2024-03-31SC657545core:ListedExchangeTraded2024-03-31SC657545core:UnlistedNon-exchangeTraded2024-03-31SC657545core:ShareCapital2024-03-31SC657545core:SharePremium2024-03-31SC657545core:RevaluationReserve2024-03-31SC657545core:OtherReservesSubtotal2024-03-31SC657545core:RetainedEarningsAccumulatedLosses2024-03-31SC657545core:NetGoodwill2023-03-31SC657545core:IntangibleAssetsOtherThanGoodwill2023-03-31SC657545core:LandBuildings2023-03-31SC657545core:PlantMachinery2023-03-31SC657545core:Vehicles2023-03-31SC657545core:FurnitureFittings2023-03-31SC657545core:OfficeEquipment2023-03-31SC657545core:AfterOneYear2023-03-31SC657545core:WithinOneYear2023-03-31SC657545core:ListedExchangeTraded2023-03-31SC657545core:UnlistedNon-exchangeTraded2023-03-31SC657545core:ShareCapital2023-03-31SC657545core:SharePremium2023-03-31SC657545core:RevaluationReserve2023-03-31SC657545core:OtherReservesSubtotal2023-03-31SC657545core:RetainedEarningsAccumulatedLosses2023-03-31SC657545core:NetGoodwill2022-04-01SC657545core:IntangibleAssetsOtherThanGoodwill2022-04-01SC657545core:LandBuildings2022-04-01SC657545core:PlantMachinery2022-04-01SC657545core:Vehicles2022-04-01SC657545core:FurnitureFittings2022-04-01SC657545core:OfficeEquipment2022-04-01SC657545core:AfterOneYear2022-04-01SC657545core:WithinOneYear2022-04-01SC657545core:ListedExchangeTraded2022-04-01SC657545core:UnlistedNon-exchangeTraded2022-04-01SC657545core:ShareCapital2022-04-01SC657545core:SharePremium2022-04-01SC657545core:RevaluationReserve2022-04-01SC657545core:OtherReservesSubtotal2022-04-01SC657545core:RetainedEarningsAccumulatedLosses2022-04-01SC657545core:AfterOneYear2023-04-012024-03-31SC657545core:WithinOneYear2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC657545core:Non-currentFinancialInstrumentscore:CostValuation2024-03-31SC657545core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-31SC657545core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC657545core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC657545core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC657545bus:Director12023-04-012024-03-31

AYRSHIRE VEHICLE RENTAL LIMITED

Registered Number
SC657545
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

AYRSHIRE VEHICLE RENTAL LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

MCKEE, David

Registered Address

4 Beresford Terrac
Ayr
KA7 2EG

Registered Number

SC657545 (Scotland)
AYRSHIRE VEHICLE RENTAL LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3346,583131,411
346,583131,411
Current assets
Debtors11,1315,549
Cash at bank and on hand1,184565
12,3156,114
Creditors amounts falling due within one year4(346,576)(134,297)
Net current assets (liabilities)(334,261)(128,183)
Total assets less current liabilities12,3223,228
Creditors amounts falling due after one year(7,666)-
Net assets4,6563,228
Capital and reserves
Called up share capital11
Profit and loss account4,6553,227
Shareholders' funds4,6563,228
The financial statements were approved and authorised for issue by the Director on 20 December 2024, and are signed on its behalf by:
MCKEE, David
Director
Registered Company No. SC657545
AYRSHIRE VEHICLE RENTAL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23168,173
Additions231,990
At 31 March 24400,163
Depreciation and impairment
At 01 April 2336,763
Charge for year16,817
At 31 March 2453,580
Net book value
At 31 March 24346,583
At 31 March 23131,411
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables141,32631,264
Taxation and social security6,54533,329
Finance lease and HP contracts116,0102,567
Other creditors81,96444,238
Accrued liabilities and deferred income73122,899
Total346,576134,297
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.