29 25 Envirocar Hire Limited 06993983 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the renting and leasing of cars and light motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 06993983 2023-09-01 2024-08-31 06993983 2024-08-31 06993983 bus:OrdinaryShareClass1 2024-08-31 06993983 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 06993983 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 06993983 core:CurrentFinancialInstruments 2024-08-31 06993983 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06993983 core:Non-currentFinancialInstruments 2024-08-31 06993983 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 06993983 core:ConstructionInProgressAssetsUnderConstruction 2024-08-31 06993983 core:MotorVehicles 2024-08-31 06993983 core:OfficeEquipment 2024-08-31 06993983 bus:SmallEntities 2023-09-01 2024-08-31 06993983 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06993983 bus:FilletedAccounts 2023-09-01 2024-08-31 06993983 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06993983 bus:RegisteredOffice 2023-09-01 2024-08-31 06993983 bus:Director1 2023-09-01 2024-08-31 06993983 bus:Director2 2023-09-01 2024-08-31 06993983 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 06993983 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06993983 bus:Agent1 2023-09-01 2024-08-31 06993983 core:ConstructionInProgressAssetsUnderConstruction 2023-09-01 2024-08-31 06993983 core:MotorVehicles 2023-09-01 2024-08-31 06993983 core:OfficeEquipment 2023-09-01 2024-08-31 06993983 countries:EnglandWales 2023-09-01 2024-08-31 06993983 2023-08-31 06993983 core:ConstructionInProgressAssetsUnderConstruction 2023-08-31 06993983 core:MotorVehicles 2023-08-31 06993983 core:OfficeEquipment 2023-08-31 06993983 2022-09-01 2023-08-31 06993983 2023-08-31 06993983 bus:OrdinaryShareClass1 2023-08-31 06993983 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-08-31 06993983 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-08-31 06993983 core:CurrentFinancialInstruments 2023-08-31 06993983 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06993983 core:Non-currentFinancialInstruments 2023-08-31 06993983 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 06993983 core:ConstructionInProgressAssetsUnderConstruction 2023-08-31 06993983 core:MotorVehicles 2023-08-31 06993983 core:OfficeEquipment 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06993983

Envirocar Hire Limited

trading as Green Motion

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Envirocar Hire Limited

trading as Green Motion

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Envirocar Hire Limited

trading as Green Motion

Company Information

Directors

Matthew Paul Jones

Sean Lahiffe

Registered office

Novotel Hotel
Round Coppice Road
Stansted
Essex
CM24 1SF

Accountants

Mansell & Co
Chartered Certified Accountants5 Ducketts Wharf
South Street
Bishop Stortford
Hertfordshire
CM23 3AR

 

Envirocar Hire Limited

trading as Green Motion

(Registration number: 06993983)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

255,608

325,575

Current assets

 

Debtors

5

386,356

446,007

Cash at bank and in hand

 

949,628

1,050,044

 

1,335,984

1,496,051

Creditors: Amounts falling due within one year

6

(958,347)

(832,746)

Net current assets

 

377,637

663,305

Total assets less current liabilities

 

633,245

988,880

Creditors: Amounts falling due after more than one year

6

(24,771)

(66,816)

Net assets

 

608,474

922,064

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

608,374

921,964

Shareholders' funds

 

608,474

922,064

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................
Matthew Paul Jones
Director

.........................................
Sean Lahiffe
Director

 
     
 

Envirocar Hire Limited

trading as Green Motion

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Novotel Hotel
Round Coppice Road
Stansted
Essex
CM24 1SF

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Envirocar Hire Limited

trading as Green Motion

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Envirocar Hire Limited

trading as Green Motion

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2023 - 25).

 

Envirocar Hire Limited

trading as Green Motion

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Properties under construction
 £

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

143,308

66,673

239,545

449,526

Additions

-

3,472

28,173

31,645

Disposals

-

-

(18,100)

(18,100)

At 31 August 2024

143,308

70,145

249,618

463,071

Depreciation

At 1 September 2023

35,827

27,165

60,959

123,951

Charge for the year

26,870

10,745

47,588

85,203

Eliminated on disposal

-

-

(1,691)

(1,691)

At 31 August 2024

62,697

37,910

106,856

207,463

Carrying amount

At 31 August 2024

80,611

32,235

142,762

255,608

At 31 August 2023

107,481

39,508

178,586

325,575

5

Debtors

Current

2024
£

2023
£

Trade debtors

319,802

408,226

Prepayments

39,936

16,452

Other debtors

26,618

21,329

 

386,356

446,007

 

Envirocar Hire Limited

trading as Green Motion

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

42,465

76,790

Trade creditors

 

201,222

41,645

Taxation and social security

 

91,945

217,281

Other creditors

 

622,715

497,030

 

958,347

832,746

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

24,771

66,816

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

80

Hire purchase contracts

24,771

66,736

24,771

66,816

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

42,465

76,790

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100