1 1 Brecon Car Rentals Limited 03187236 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the short term rental of cars and light commercial vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 03187236 2024-01-01 2024-12-31 03187236 2024-12-31 03187236 bus:OrdinaryShareClass1 2024-12-31 03187236 core:RetainedEarningsAccumulatedLosses 2024-12-31 03187236 core:ShareCapital 2024-12-31 03187236 core:CurrentFinancialInstruments 2024-12-31 03187236 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03187236 core:FurnitureFittings 2024-12-31 03187236 core:MotorVehicles 2024-12-31 03187236 bus:SmallEntities 2024-01-01 2024-12-31 03187236 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03187236 bus:FilletedAccounts 2024-01-01 2024-12-31 03187236 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03187236 bus:RegisteredOffice 2024-01-01 2024-12-31 03187236 bus:CompanySecretary1 2024-01-01 2024-12-31 03187236 bus:Director1 2024-01-01 2024-12-31 03187236 bus:Director2 2024-01-01 2024-12-31 03187236 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03187236 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03187236 bus:Agent1 2024-01-01 2024-12-31 03187236 core:FurnitureFittings 2024-01-01 2024-12-31 03187236 core:MotorVehicles 2024-01-01 2024-12-31 03187236 countries:AllCountries 2024-01-01 2024-12-31 03187236 2023-12-31 03187236 core:FurnitureFittings 2023-12-31 03187236 core:MotorVehicles 2023-12-31 03187236 2023-01-01 2023-12-31 03187236 2023-12-31 03187236 bus:OrdinaryShareClass1 2023-12-31 03187236 core:RetainedEarningsAccumulatedLosses 2023-12-31 03187236 core:ShareCapital 2023-12-31 03187236 core:CurrentFinancialInstruments 2023-12-31 03187236 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03187236 core:FurnitureFittings 2023-12-31 03187236 core:MotorVehicles 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03187236

Brecon Car Rentals Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Brecon Car Rentals Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Brecon Car Rentals Limited

Company Information

Directors

Mr J L Williams

Miss S M Williams

Company secretary

Mrs H M Williams

Registered office

Henllys
Sarnau
Llandefaelog Fach
Brecon
Powys
LD3 9PT

Bankers

Barclays Bank Plc
Abergavenny
Leicester
Leicestershire
LE87 2BB

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Brecon Car Rentals Limited

(Registration number: 03187236)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

339,282

319,343

Current assets

 

Debtors

5

17,716

13,081

Cash at bank and in hand

 

382,103

384,674

 

399,819

397,755

Creditors: Amounts falling due within one year

6

(24,566)

(27,903)

Net current assets

 

375,253

369,852

Total assets less current liabilities

 

714,535

689,195

Provisions for liabilities

(53,117)

(57,967)

Net assets

 

661,418

631,228

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

661,416

631,226

Shareholders' funds

 

661,418

631,228

For the financial 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.

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 23 June 2025 and signed on its behalf by:
 

.........................................
Mr J L Williams
Director

 

Brecon Car Rentals Limited

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

1

General information

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

The address of its registered office is:
Henllys
Sarnau
Llandefaelog Fach
Brecon
Powys
LD3 9PT
United Kingdom

The principal place of business is:
Rich Way
The Watton
Brecon
Powys
LD3 7EH

These financial statements were authorised for issue by the Board on 23 June 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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover comprises invoiced rental of cars and light commercial vehicles, excluding value added tax.

Revenue is recognised in the period when the vehicle is rented, and on a pro-rate basis if the rental spans the financial year end.

Tax

The tax expense for the period comprises current and deferred 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 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 UK, which is where the company operates and generates taxable income.

 

Brecon Car Rentals Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% on cost

Motor vehicles

12½% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for vehicles hired in the ordinary course of business.

Trade debtors are recognised at the transaction price.

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 at the transaction price.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.

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.

 

Brecon Car Rentals Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Brecon Car Rentals Limited

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

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

6,677

421,811

428,488

Additions

-

187,594

187,594

Disposals

-

(151,899)

(151,899)

At 31 December 2024

6,677

457,506

464,183

Depreciation

At 1 January 2024

6,102

103,043

109,145

Charge for the year

126

53,278

53,404

Eliminated on disposal

-

(37,648)

(37,648)

At 31 December 2024

6,228

118,673

124,901

Carrying amount

At 31 December 2024

449

338,833

339,282

At 31 December 2023

575

318,768

319,343

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,616

5,839

Prepayments

8,858

7,242

Other debtors

5,242

-

 

17,716

13,081

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

770

1,460

Taxation and social security

20,445

23,723

Accruals and deferred income

2,721

2,720

Other creditors

630

-

24,566

27,903

 

Brecon Car Rentals Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2