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REGISTERED NUMBER: 06469493 (England and Wales)















S & B Car and Van Hire Limited

Unaudited Financial Statements for the Year Ended 31 January 2025






S & B Car and Van Hire Limited (Registered number: 06469493)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S & B Car and Van Hire Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: R J Lee





REGISTERED OFFICE: Forstal Farm Barn
Forstal Lane
East Farleigh
Kent
ME15 0QE





REGISTERED NUMBER: 06469493 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

S & B Car and Van Hire Limited (Registered number: 06469493)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,824,898 1,947,773
Investment property 5 267,052 267,052
2,091,950 2,214,825

CURRENT ASSETS
Debtors 6 329,876 428,159

CREDITORS
Amounts falling due within one year 7 2,090,448 1,971,867
NET CURRENT LIABILITIES (1,760,572 ) (1,543,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 331,378 671,117

CREDITORS
Amounts falling due after more than one
year

8

38,182

221,327
NET ASSETS 293,196 449,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 293,096 449,690
SHAREHOLDERS' FUNDS 293,196 449,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & B Car and Van Hire Limited (Registered number: 06469493)

Statement of Financial Position - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:





R J Lee - Director


S & B Car and Van Hire Limited (Registered number: 06469493)

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

1. STATUTORY INFORMATION

S & B Car and Van Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition
Turnover represents net invoiced hire charges and vehicle sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 13 ) .

S & B Car and Van Hire Limited (Registered number: 06469493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 975,544 2,653,332 3,628,876
Additions - 149,211 149,211
Disposals - (80,665 ) (80,665 )
At 31 January 2025 975,544 2,721,878 3,697,422
DEPRECIATION
At 1 February 2024 56,278 1,624,825 1,681,103
Charge for year 4,998 259,938 264,936
Eliminated on disposal - (73,515 ) (73,515 )
At 31 January 2025 61,276 1,811,248 1,872,524
NET BOOK VALUE
At 31 January 2025 914,268 910,630 1,824,898
At 31 January 2024 919,266 1,028,507 1,947,773

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 267,052
NET BOOK VALUE
At 31 January 2025 267,052
At 31 January 2024 267,052

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors (8,694 ) 110
Other debtors 338,570 428,049
329,876 428,159

S & B Car and Van Hire Limited (Registered number: 06469493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 31,242 29,373
Hire purchase contracts (see note 9) 139,447 147,818
Trade creditors 43,403 88,712
Amounts owed to group undertakings 115,173 -
Taxation and social security 8,976 63,949
Other creditors 1,752,207 1,642,015
2,090,448 1,971,867

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,167 14,167
Hire purchase contracts (see note 9) 6,408 150,483
Other creditors 27,607 56,677
38,182 221,327

9. LEASING AGREEMENTS

The company had total commitments under non-cancellable operating leases of £77,139 (2024: £101,139)

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 21,242 19,373
Bank loans 14,167 24,167
35,409 43,540

Lloyds Bank plc hold fixed and floating charges by way of a debenture over all assets of the company.

West One Loan Limited holds fixed and floating charges and a negative pledge over a freehold property of the company.

Singers Corporate Asset Finance Ltd hold a legal charge over hire purchase or hire agreements with the company.

First Kent Properties Limited hold a charge securing a rent deposit.