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Registered number: 03855567
Fleetcare (Public Sector Car Scheme Management) Limited
Financial Statements
For The Year Ended 31 October 2024
Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
B63 3TT
Fleetcare (Public Sector Car Scheme Management) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Fleetcare (Public Sector Car Scheme Management) Limited
Balance Sheet
As At 31 October 2024
Balance Sheet
Registered number: 03855567

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 4,426 |  | 5,902
Investments | 6 |  | 40,000 |  | 40,000
|  |  | 44,426 |  | 45,902
CURRENT ASSETS
Debtors | 7 | 383,067 |  | 257,895 |
Cash at bank and in hand |  | 787,595 |  | 765,085 |
|  | 1,170,662 |  | 1,022,980 |
Creditors: Amounts Falling Due Within One Year | 8 | (819,796 ) |  | (713,197 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 350,866 |  | 309,783
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 395,292 |  | 355,685
NET ASSETS |  |  | 395,292 |  | 355,685
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 395,192 |  | 355,585
SHAREHOLDERS' FUNDS |  |  | 395,292 |  | 355,685

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Miss S L Walker Director
19 June 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Fleetcare (Public Sector Car Scheme Management) Limited
Notes to the Financial Statements
For The Year Ended 31 October 2024
Notes to the Financial Statements
1. General Information
Fleetcare (Public Sector Car Scheme Management) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03855567 . The registered office is Hales Court, Stourbridge Road, Halesowen, West Midlands, B63 3TT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
Page 2
Page 3
Fleetcare (Public Sector Car Scheme Management) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2024
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 November 2023 | 305,000
As at 31 October 2024 | 305,000
Amortisation
As at 1 November 2023 | 305,000
As at 31 October 2024 | 305,000
Net Book Value
As at 31 October 2024 | -
As at 1 November 2023 | -

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 November 2023 | 31,153
As at 31 October 2024 | 31,153
Depreciation
As at 1 November 2023 | 25,251
Provided during the period | 1,476
As at 31 October 2024 | 26,727
Net Book Value
As at 31 October 2024 | 4,426
As at 1 November 2023 | 5,902

6. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 November 2023 | 40,000
As at 31 October 2024 | 40,000
Provision
As at 1 November 2023 | -
As at 31 October 2024 | -
Net Book Value
As at 31 October 2024 | 40,000
As at 1 November 2023 | 40,000

Page 3
Page 4
Fleetcare (Public Sector Car Scheme Management) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2024
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 376,585 |  | 251,413
Other debtors | 6,482 |  | 6,482
| 383,067 |  | 257,895

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 553,894 |  | 503,125
Amounts owed to group undertakings | 31,500 |  | 14,000
Other creditors | 195,421 |  | 157,270
Taxation and social security | 38,981 |  | 38,802
| 819,796 |  | 713,197

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Related Party Transactions
During the year, Fleetcare (Public Sector Car Scheme Management) Limited was charged management fees by Abbey Associates Vehicle Solutions Limited of £37,500 (£20,000 2023) and charged £NIL (£NIL 2023) to Abbey Associates Vehicle Solutions Limited. The balance due to Abbey Associates Vehicle Solutions Limited as at 31 October 2024 was £31,500 (£14,000 2023). Both companies are under common control.
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