Registered number
03268364
Auto Express Vehicle Rental Limited
Filleted Accounts
31 July 2025
Auto Express Vehicle Rental Limited
Registered number: 03268364
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 50,593 53,804
Current assets
Stocks 720 720
Debtors 4 - 21,475
Cash at bank and in hand 235,426 238,049
236,146 260,244
Creditors: amounts falling due within one year 5 (73,651) (57,158)
Net current assets 162,495 203,086
Total assets less current liabilities 213,088 256,890
Provisions for liabilities (9,613) (10,223)
Net assets 203,475 246,667
Capital and reserves
Called up share capital 510 510
Share premium 177,959 177,959
Capital Redeption: Brought forward 490 490
Profit and loss account 24,516 67,708
Shareholder's funds 203,475 246,667
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Aldous
Director
Approved by the board on 20 August 2025
Auto Express Vehicle Rental Limited
Notes to the Accounts
for the period from 1 March 2024 to 31 July 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 36,200 8,865 684,612 729,677
Disposals - - (9,700) (9,700)
At 31 July 2025 36,200 8,865 674,912 719,977
Depreciation
At 1 March 2024 - 8,553 667,320 675,873
Charge for the period - 88 1,898 1,986
On disposals - - (8,475) (8,475)
At 31 July 2025 - 8,641 660,743 669,384
Net book value
At 31 July 2025 36,200 224 14,169 50,593
At 29 February 2024 36,200 312 17,292 53,804
4 Debtors 2025 2024
£ £
Trade debtors - 4,640
Other debtors - 16,835
- 21,475
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 51 3,874
Director's account 73,600 43,219
Other creditors - 10,065
73,651 57,158
6 Other information
Auto Express Vehicle Rental Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stannetts
Laindon
Basildon
Essex
SS15 6DN
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