PLATINUM VEHICLE RENTALS LTD

Company Registration Number:
13469891 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

PLATINUM VEHICLE RENTALS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

PLATINUM VEHICLE RENTALS LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 278,187 578,392
Tangible assets: 4 1,178,293 880,975
Investments: 5 489,321 0
Total fixed assets: 1,945,801 1,459,367
Current assets
Stocks: 1,587,392 1,286,400
Debtors:   44,873 32,893
Cash at bank and in hand: 82,673 72,893
Investments:   349,995 238,775
Total current assets: 2,064,933 1,630,961
Creditors: amounts falling due within one year:   (77,836) (44,837)
Net current assets (liabilities): 1,987,097 1,586,124
Total assets less current liabilities: 3,932,998 3,045,591
Creditors: amounts falling due after more than one year:   (55,839) (65,029)
Provision for liabilities: (1,000,000) (1,000,000)
Total net assets (liabilities): 2,877,159 1,980,562
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 825,000 550,000
Revaluation reserve:6550,000433,095
Other reserves: 640,000 320,000
Profit and loss account: 852,159 667,467
Shareholders funds: 2,877,159 1,980,562

The notes form part of these financial statements

PLATINUM VEHICLE RENTALS LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 March 2025
and signed on behalf of the board by:

Name: Chris McDonagh
Status: Director

The notes form part of these financial statements

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 14 13

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 578,392
Disposals (205)
At 30 June 2024 578,187
Amortisation
At 01 July 2023 0
Other adjustments 300,000
At 30 June 2024 300,000
Net book value
At 30 June 2024 278,187
At 30 June 2023 578,392

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 880,975
Additions 297,318
At 30 June 2024 1,178,293
Net book value
At 30 June 2024 1,178,293
At 30 June 2023 880,975

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed investments

Fixed Investments are currently standing at £1,945,801

PLATINUM VEHICLE RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Revaluation reserve

2024
£
Balance at 01 July 2023 433,095
Surplus or deficit after revaluation 116,905
Balance at 30 June 2024 550,000