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Registration number: 04512246

Advantage Rentals Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Advantage Rentals Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Advantage Rentals Ltd

Company Information

Director

Mr Jason Lee Howell

Company secretary

Mr Jason Lee Howell

Registered office

Advantage Park
75 Whitchurch Lane
Bishopsworth
Bristol
Avon
BS13 7TE

Accountants

AWG Accountants Ltd
Chartered AccountantKemp House
City Road
London
EC1V 2NX

 

Advantage Rentals Ltd

(Registration number: 04512246)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

6,657

8,686

Current assets

 

Stocks

5

131,085

143,474

Debtors

6

44,516

76,757

Cash at bank and in hand

 

317,275

333,932

 

492,876

554,163

Creditors: Amounts falling due within one year

7

(158,293)

(218,236)

Net current assets

 

334,583

335,927

Total assets less current liabilities

 

341,240

344,613

Creditors: Amounts falling due after more than one year

7

(48,604)

(63,958)

Net assets

 

292,636

280,655

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

292,536

280,555

Shareholders' funds

 

292,636

280,655

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2025
 

 

Advantage Rentals Ltd

(Registration number: 04512246)
Balance Sheet as at 31 January 2025

.........................................
Mr Jason Lee Howell
Company secretary and director

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
Advantage Park
75 Whitchurch Lane
Bishopsworth
Bristol
Avon
BS13 7TE

These financial statements were authorised for issue by the director on 30 July 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.

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

10% reducing balance

Equipment

33% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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 the director) during the year, was 1 (2024 - 2).

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

18,831

4,051

22,882

At 31 January 2025

18,831

4,051

22,882

Depreciation

At 1 February 2024

12,271

1,925

14,196

Charge for the year

1,816

213

2,029

At 31 January 2025

14,087

2,138

16,225

Carrying amount

At 31 January 2025

4,744

1,913

6,657

At 31 January 2024

6,560

2,126

8,686

5

Stocks

2025
£

2024
£

Other inventories

131,085

143,474

6

Debtors

Current

2025
£

2024
£

Trade debtors

1,043

21,097

Other debtors

43,473

55,660

 

44,516

76,757

7

Creditors

Creditors: amounts falling due within one year

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

47,053

60,066

Trade creditors

 

84,174

107,102

Taxation and social security

 

16,757

42,136

Accruals and deferred income

 

2,518

2,501

Other creditors

 

7,791

6,431

 

158,293

218,236

 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

48,604

63,958

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares Class A of £1 each

34

34

34

34

Ordinary Shares Class B of £1 each

66

66

66

66

100

100

100

100

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

48,604

63,958

Current loans and borrowings

2025
£

2024
£

Bank borrowings

12,733

12,733

Other borrowings

34,320

47,333

47,053

60,066

10

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £1,176.47 (2024 - £882.35) per each Ordinary shares class A

40,000

30,000

 

 
 

Advantage Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

11

Related party transactions

2025

At 1 February 2024
£

At 31 January 2025
£

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,000

12,000