Company Registration No. 07078629 (England and Wales)
FLEET DYNAMIC CONSULTANCY LIMITED
Unaudited accounts
for the year ended 31 August 2024
FLEET DYNAMIC CONSULTANCY LIMITED
Unaudited accounts
Contents
FLEET DYNAMIC CONSULTANCY LIMITED
Company Information
for the year ended 31 August 2024
Company Number
07078629 (England and Wales)
Registered Office
BEECH HOUSE 23 LADIES LANE
HINDLEY
WIGAN
LANCASHIRE
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 FLEET DYNAMIC CONSULTANCY 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
FLEET DYNAMIC CONSULTANCY LIMITED for the year ended
31 August 2024 as set out on pages
5 -
8 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
FLEET DYNAMIC CONSULTANCY LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
940,713
1,070,306
Cash at bank and in hand
1,183,395
931,152
Creditors: amounts falling due within one year
(110,429)
(141,233)
Net current assets
2,007,801
2,330,252
Total assets less current liabilities
2,948,514
3,400,558
Creditors: amounts falling due after more than one year
(2,418,442)
(2,701,156)
Provisions for liabilities
Deferred tax
(56,434)
(71,684)
Net assets
473,638
627,718
Called up share capital
100
100
Revaluation reserve
319,523
319,523
Profit and loss account
154,015
308,095
Shareholders' funds
473,638
627,718
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 director acknowledges his 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 and authorised for issue on 11 March 2025 and were signed on its behalf by
Mr P Rimmer
Director
Company Registration No. 07078629
FLEET DYNAMIC CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
FLEET DYNAMIC CONSULTANCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07078629. The registered office is BEECH HOUSE 23 LADIES LANE, HINDLEY, WIGAN, LANCASHIRE, 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. Land and buildings are revalued to reflect current market values. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Motor vehicles
Variable reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
FLEET DYNAMIC CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Total
At 1 September 2023
1,509,341
At 31 August 2024
1,215,009
At 1 September 2023
439,035
Charge for the year
45,819
At 31 August 2023
1,070,306
Carrying amount of land and buildings on cost basis
502,220
512,469
Land & Buildings have been revalued to reflect increases in market values, in 2019 a valuation was undertaken by Mason Owen to value the property at £785,000.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
-
254,536
254,536
-
A loan was made to the director of the company of £254,536 which was fully repaid in the year.
7
Transactions with related parties
The company has a related party with Dynamic Vehicle Rental 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).
8
Post balance sheet events
In January 2025 the mortgage was repaid in full by the company.
FLEET DYNAMIC CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).