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REGISTERED NUMBER: 05357779














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Premier Minibus And Car Hire Limited

Premier Minibus And Car Hire Limited (Registered number: 05357779)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Premier Minibus And Car Hire Limited (Registered number: 05357779)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,378,546 2,337,564

CURRENT ASSETS
Debtors 5 1,117,098 662,018
Cash at bank 259,248 531,402
1,376,346 1,193,420
CREDITORS
Amounts falling due within one year 6 1,339,475 1,533,116
NET CURRENT ASSETS/(LIABILITIES) 36,871 (339,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,415,417 1,997,868

CREDITORS
Amounts falling due after more than one year 7 2,111,929 771,423
NET ASSETS 1,303,488 1,226,445

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,303,486 1,226,443
SHAREHOLDERS' FUNDS 1,303,488 1,226,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Ms C Sharp - Director


Premier Minibus And Car Hire Limited (Registered number: 05357779)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Premier Minibus And Car Hire Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number: 05357779

Registered office: Firbank Industrial Estate
Dallow Road
Luton
LU1 1TW

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 net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to compensation for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 profit or 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 or loss on a straight line basis over the period of the lease.

Premier Minibus And Car Hire Limited (Registered number: 05357779)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 69,595 7,716 4,000,813 4,078,124
Additions - - 3,014,001 3,014,001
Disposals - - (4,111,668 ) (4,111,668 )
Reclassification/transfer - - 1,876,637 1,876,637
At 31 July 2024 69,595 7,716 4,779,783 4,857,094
DEPRECIATION
At 1 August 2023 20,288 4,294 1,715,978 1,740,560
Charge for year 7,396 514 706,087 713,997
Eliminated on disposal - - (2,689,135 ) (2,689,135 )
Reclassification/transfer - - 1,713,126 1,713,126
At 31 July 2024 27,684 4,808 1,446,056 1,478,548
NET BOOK VALUE
At 31 July 2024 41,911 2,908 3,333,727 3,378,546
At 31 July 2023 49,307 3,422 2,284,835 2,337,564

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 2,711,842
Additions 3,014,002
Disposals (946,061 )
At 31 July 2024 4,779,783
DEPRECIATION
At 1 August 2023 897,815
Charge for year 706,086
Eliminated on disposal (157,845 )
At 31 July 2024 1,446,056
NET BOOK VALUE
At 31 July 2024 3,333,727
At 31 July 2023 1,814,027

Premier Minibus And Car Hire Limited (Registered number: 05357779)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 494,413 649,133
Amounts owed by group undertakings 478,927 -
Amounts owed by associates 6,352 5,850
Other debtors 137,406 7,035
1,117,098 662,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 933,905 623,355
Trade creditors 1,079 13,131
Amounts owed to group undertakings - 666,181
Amounts owed to associates 390,491 -
Other creditors 4,000 220,449
1,339,475 1,533,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,345
Hire purchase contracts 2,102,762 752,078
2,111,929 771,423

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,036,667 -

Hire purchase loans are secured against the asset to which they relate.