Company Registration No. 10611119 (England and Wales)
PLATINUM CAR HIRE (LEEDS) LTD
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
PLATINUM CAR HIRE (LEEDS) LTD
Unaudited accounts
Contents
PLATINUM CAR HIRE (LEEDS) LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
10611119 (England and Wales)
Registered Office
2 MEANWOOD CLOSE
LEEDS
LS7 2JL
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
PLATINUM CAR HIRE (LEEDS) LTD
Statement of financial position
as at 28 February 2024
Cash at bank and in hand
34,631
71,639
Creditors: amounts falling due within one year
(53,098)
(20,367)
Net current (liabilities)/assets
(14,147)
51,372
Total assets less current liabilities
48,893
51,372
Creditors: amounts falling due after more than one year
(51,250)
(51,250)
Net (liabilities)/assets
(2,357)
122
Called up share capital
100
100
Profit and loss account
(2,457)
22
Shareholders' funds
(2,357)
122
For the period ending 28 February 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 28 February 2025 and were signed on its behalf by
H AKthar
Director
Company Registration No. 10611119
PLATINUM CAR HIRE (LEEDS) LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
PLATINUM CAR HIRE (LEEDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 10611119. The registered office is 2 MEANWOOD CLOSE, LEEDS, LS7 2JL, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Motor vehicles
25% Reducing balance basis
PLATINUM CAR HIRE (LEEDS) LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Motor vehicles
At 28 February 2024
78,800
Charge for the period
15,760
At 28 February 2024
15,760
At 28 February 2024
63,040
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,498
2,498
Other creditors
48,300
17,369
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).