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Company Registration No. 06746577 (England and Wales)
Auditel Rental and Service Limited Annual report and accounts for the year ended 31 March 2024
Auditel Rental and Service Limited Annual report and accounts Contents
Page
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Auditel Rental and Service Limited Company Information for the year ended 31 March 2024
Director
Mahdad Behin-Aein
Secretary
Mahdad Behin-Aein
Company Number
06746577 (England and Wales)
Registered Office
Capital Hse, Unit 4 Parkhouse Bus Centre Desborough Park Road High Wycombe Buckinghamshire HP12 3DJ
Accountants
Kimti and Co-Accountants 5 Ruislip Road Greenford Middlesex UB6 9QD
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Auditel Rental and Service Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
166,925 
187,534 
Current assets
Inventories
762,127 
741,717 
Debtors
300,853 
117,673 
Cash at bank and in hand
31 
43,048 
1,063,011 
902,438 
Creditors: amounts falling due within one year
(399,117)
(237,898)
Net current assets
663,894 
664,540 
Total assets less current liabilities
830,819 
852,074 
Creditors: amounts falling due after more than one year
(7,083)
(49,583)
Net assets
823,736 
802,491 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
823,636 
802,391 
Shareholders' funds
823,736 
802,491 
For the year ending 31 March 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 25 February 2025 and were signed on its behalf by
Mahdad Behin-Aein Director Company Registration No. 06746577
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Auditel Rental and Service Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Auditel Rental and Service Limited is a private company, limited by shares, registered in England and Wales, registration number 06746577. The registered office is Capital Hse, Unit 4 Parkhouse Bus Centre, Desborough Park Road, High Wycombe, Buckinghamshire, HP12 3DJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15-20% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
Inventories
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Auditel Rental and Service Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
36,998 
At 31 March 2024
36,998 
Amortisation
At 1 April 2023
36,998 
At 31 March 2024
36,998 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
310,444 
197,564 
508,008 
Additions
- 
25,906 
25,906 
At 31 March 2024
310,444 
223,470 
533,914 
Depreciation
At 1 April 2023
257,650 
62,824 
320,474 
Charge for the year
7,972 
38,543 
46,515 
At 31 March 2024
265,622 
101,367 
366,989 
Net book value
At 31 March 2024
44,822 
122,103 
166,925 
At 31 March 2023
52,794 
134,740 
187,534 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
189,635 
46,570 
Accrued income and prepayments
5,804 
8,631 
Other debtors
105,414 
62,472 
300,853 
117,673 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
90,462 
42,500 
Trade creditors
227,059 
134,754 
Taxes and social security
77,782 
57,819 
Other creditors
3,814 
2,825 
399,117 
237,898 
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Auditel Rental and Service Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,083 
49,583 
Creditors due after one year is made up of a bounce back loan
9
Average number of employees
During the year the average number of employees was 15 (2023: 18).
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