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Company Registration No. 02999228 (England and Wales)
Fleet Automotive Limited Unaudited accounts for the year ended 31 December 2024
Fleet Automotive Limited Unaudited accounts Contents
Page
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Fleet Automotive Limited Company Information for the year ended 31 December 2024
Directors
John David Welch Daniel John Welch
Company Number
02999228 (England and Wales)
Registered Office
5 Coxheath Road, Crookham Fleet Hampshire GU51 5QH United Kingdom
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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Fleet Automotive Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,487 
27,315 
Current assets
Debtors
26,189 
13,392 
Cash at bank and in hand
(56)
4,195 
26,133 
17,587 
Creditors: amounts falling due within one year
(52,614)
(67,808)
Net current liabilities
(26,481)
(50,221)
Total assets less current liabilities
(5,994)
(22,906)
Creditors: amounts falling due after more than one year
(2,000)
(6,000)
Provisions for liabilities
Deferred tax
- 
(1,389)
Net liabilities
(7,994)
(30,295)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(7,996)
(30,297)
Shareholders' funds
(7,994)
(30,295)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by
John David Welch Director Company Registration No. 02999228
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Fleet Automotive Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fleet Automotive Limited is a private company, limited by shares, registered in England and Wales, registration number 02999228. The registered office is 5 Coxheath Road,, Crookham, Fleet, Hampshire, GU51 5QH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Fleet Automotive Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
10,144 
99,965 
3,914 
4,938 
15,319 
134,280 
At 31 December 2024
10,144 
99,965 
3,914 
4,938 
15,319 
134,280 
Depreciation
At 1 January 2024
10,144 
75,952 
3,914 
2,556 
14,399 
106,965 
Charge for the year
- 
6,003 
- 
595 
230 
6,828 
At 31 December 2024
10,144 
81,955 
3,914 
3,151 
14,629 
113,793 
Net book value
At 31 December 2024
- 
18,010 
- 
1,787 
690 
20,487 
At 31 December 2023
- 
24,013 
- 
2,382 
920 
27,315 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,686 
13,392 
Deferred tax asset
2,503 
26,189 
13,392 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
5,394 
- 
Trade creditors
7,759 
11,181 
Amounts owed to group undertakings and other participating interests
40,019 
45,311 
Taxes and social security
- 
4,251 
Other creditors
3,000 
1,908 
Loans from directors
(8,924)
(176)
Accruals
1,366 
1,333 
52,614 
67,808 
All amounts owed to group undertakings are interest free, unsecured and repayable on demand.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,000 
6,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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