IRIS Accounts Production v24.3.2.46 02266994 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022669942023-06-30022669942024-06-30022669942023-07-012024-06-30022669942022-06-30022669942022-07-012023-06-30022669942023-06-3002266994ns15:EnglandWales2023-07-012024-06-3002266994ns14:PoundSterling2023-07-012024-06-3002266994ns10:Director12023-07-012024-06-3002266994ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002266994ns10:SmallEntities2023-07-012024-06-3002266994ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002266994ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002266994ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002266994ns10:FullAccounts2023-07-012024-06-3002266994ns10:Director22023-07-012024-06-3002266994ns10:RegisteredOffice2023-07-012024-06-3002266994ns5:CurrentFinancialInstruments2024-06-3002266994ns5:CurrentFinancialInstruments2023-06-3002266994ns5:Non-currentFinancialInstruments2024-06-3002266994ns5:Non-currentFinancialInstruments2023-06-3002266994ns5:ShareCapital2024-06-3002266994ns5:ShareCapital2023-06-3002266994ns5:RetainedEarningsAccumulatedLosses2024-06-3002266994ns5:RetainedEarningsAccumulatedLosses2023-06-3002266994ns5:LandBuildings2023-07-012024-06-3002266994ns5:PlantMachinery2023-07-012024-06-3002266994ns5:LandBuildings2023-06-3002266994ns5:PlantMachinery2023-06-3002266994ns5:LandBuildings2024-06-3002266994ns5:PlantMachinery2024-06-3002266994ns5:LandBuildings2023-06-3002266994ns5:PlantMachinery2023-06-3002266994ns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3002266994ns5:CostValuation2023-06-3002266994ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3002266994ns5:CostValuation2024-06-3002266994ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002266994ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002266994ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3002266994ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3002266994ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3002266994ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3002266994ns5:HirePurchaseContracts2024-06-3002266994ns5:HirePurchaseContracts2023-06-3002266994ns5:WithinOneYear2024-06-3002266994ns5:WithinOneYear2023-06-3002266994ns5:BetweenOneFiveYears2024-06-3002266994ns5:BetweenOneFiveYears2023-06-3002266994ns5:AllPeriods2024-06-3002266994ns5:AllPeriods2023-06-30
REGISTERED NUMBER: 02266994 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

PARKHURST SELF DRIVE HIRE LIMITED

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKHURST SELF DRIVE HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 30TH JUNE 2024







DIRECTORS: P W Cumber
J L J Burr





REGISTERED OFFICE: Island Farm Road
West Molesey
Surrey
KT8 2UU





REGISTERED NUMBER: 02266994 (England and Wales)

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,846,629 3,537,035
Investments 5 434 544
3,847,063 3,537,579

CURRENT ASSETS
Debtors 6 805,572 907,734
Cash at bank and in hand 464,844 962,874
1,270,416 1,870,608
CREDITORS
Amounts falling due within one year 7 1,179,776 1,272,554
NET CURRENT ASSETS 90,640 598,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,937,703

4,135,633

CREDITORS
Amounts falling due after more than one year 8 (21,030 ) (456,589 )

PROVISIONS FOR LIABILITIES (616,691 ) (491,472 )
NET ASSETS 3,299,982 3,187,572

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 3,297,982 3,185,572
SHAREHOLDERS' FUNDS 3,299,982 3,187,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

BALANCE SHEET - continued
30TH JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2025 and were signed on its behalf by:





P W Cumber - Director


PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30TH JUNE 2024

1. STATUTORY INFORMATION

Parkhurst Self Drive Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income derived from vehicle rentals and other sundry income, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - None provided
Plant and machinery etc - 25% on cost and 20% on cost

Freehold property comprises land owned by the company and is stated at cost. No depreciation is charged on the land.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Listed investments
Listed investments are included at cost less accumulated impairments.

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 271,176 6,917,019 7,188,195
Additions - 1,645,349 1,645,349
Disposals - (1,829,480 ) (1,829,480 )
At 30th June 2024 271,176 6,732,888 7,004,064
DEPRECIATION
At 1st July 2023 - 3,651,160 3,651,160
Charge for year - 1,281,451 1,281,451
Eliminated on disposal - (1,775,176 ) (1,775,176 )
At 30th June 2024 - 3,157,435 3,157,435
NET BOOK VALUE
At 30th June 2024 271,176 3,575,453 3,846,629
At 30th June 2023 271,176 3,265,859 3,537,035

Included in hire fleet motor vehicles are assets held under finance leases or hire purchase contracts with a net book value of £1,117,718 (2023: £1,213,701). The depreciation on these assets for the year is £372,414 (2023: £84,629).

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st July 2023 544
Impairments (110 )
At 30th June 2024 434
NET BOOK VALUE
At 30th June 2024 434
At 30th June 2023 544

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 107,505 252,158
Other debtors 698,067 655,576
805,572 907,734

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 597,757 672,442
Trade creditors 37,647 101,087
Taxation and social security 60,093 76,482
Other creditors 484,279 422,543
1,179,776 1,272,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 21,030 456,589

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 597,757 672,442
Between one and five years 21,030 456,589
618,787 1,129,031

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 59,825 45,000
Between one and five years 37,500 -
97,325 45,000

PARKHURST SELF DRIVE HIRE LIMITED (REGISTERED NUMBER: 02266994)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH JUNE 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 618,787 1,129,031

The hire purchase contracts are secured on the assets in which they relate.

National Westminster Bank PLC has 2 outstanding legal mortgage charges and debentures over the freehold property and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.