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
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
Auditel Rental and Service Limited
Statement of financial position
as at 31 March 2024
Tangible assets
166,925
187,534
Inventories
762,127
741,717
Cash at bank and in hand
31
43,048
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
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
Auditel Rental and Service Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
Plant & machinery
15-20% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
Auditel Rental and Service Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
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
At 31 March 2024
310,444
223,470
533,914
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
At 31 March 2024
44,822
122,103
166,925
At 31 March 2023
52,794
134,740
187,534
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
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
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
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).