Company Registration No. 11536353 (England and Wales)
DYNAMIC VEHICLE RENTAL LIMITED
Unaudited accounts
for the year ended 31 August 2024
DYNAMIC VEHICLE RENTAL LIMITED
Unaudited accounts
Contents
DYNAMIC VEHICLE RENTAL LIMITED
Company Information
for the year ended 31 August 2024
Directors
Mr P Rimmer
Mrs C Rimmer
Company Number
11536353 (England and Wales)
Registered Office
BEECH HOUSE
23 LADIES LANE
WIGAN
WN2 2QA
UNITED KINGDOM
Accountants
P A Hull & Co
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DYNAMIC VEHICLE RENTAL LIMITED for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
DYNAMIC VEHICLE RENTAL LIMITED for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
11 March 2025
DYNAMIC VEHICLE RENTAL LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
10,149,279
7,475,723
Debtors
2,196,961
2,530,054
Cash at bank and in hand
73,226
96,289
Creditors: amounts falling due within one year
(2,834,548)
(2,845,301)
Net current liabilities
(514,882)
(168,313)
Total assets less current liabilities
9,634,397
7,307,410
Creditors: amounts falling due after more than one year
(4,030,341)
(3,033,754)
Provisions for liabilities
Deferred tax
(1,139,336)
(965,722)
Net assets
4,464,720
3,307,934
Called up share capital
100
100
Profit and loss account
4,464,620
3,307,834
Shareholders' funds
4,464,720
3,307,934
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
Mr P Rimmer
Director
Company Registration No. 11536353
DYNAMIC VEHICLE RENTAL LIMITED
Notes to the Accounts
for the year ended 31 August 2024
DYNAMIC VEHICLE RENTAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11536353. The registered office is BEECH HOUSE, 23 LADIES LANE, WIGAN, WN2 2QA, UNITED KINGDOM.
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 year, 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.
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
Variable reducing balance
4
Tangible fixed assets
Total
At 1 September 2023
8,809,519
At 31 August 2024
12,431,437
At 1 September 2023
1,333,796
Charge for the year
1,097,319
At 31 August 2024
2,282,158
At 31 August 2024
10,149,279
At 31 August 2023
7,475,723
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
DYNAMIC VEHICLE RENTAL LIMITED
Notes to the Accounts
for the year ended 31 August 2024
6
Transactions with related parties
The company has a related party with Fleet Dynamic Consultancy Ltd due to being under control by the same directors and shareholders. At 31st August 2024 Fleet Dynamic Consultancy Ltd owed Dynamic Vehicle Rental Ltd £2,165,765 (2023: £2,418,463).
7
Average number of employees
During the year the average number of employees was 28 (2023: 21).