City Self Drive (Leicester) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04711313 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CITY SELF DRIVE (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K D Senescall

Mr A J Senescall

REGISTERED OFFICE:

Fosse Road North

Leicester

Leicestershire

LE3 5RS

REGISTERED NUMBER:

04711313 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

356,701

413,024

356,701

413,024

CURRENT ASSETS

Stocks

3,000

Debtors

6

187,474

133,482

Cash at bank and in hand

1,119

624

191,593

137,106

CREDITORS

Amounts falling due within one year

7

361,210

396,284

NET CURRENT LIABILITIES

(169,617

)

(259,178

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

187,084

153,846

CREDITORS

Amounts falling due after more than one
year

8

(42,670

)

(48,161

)

PROVISIONS FOR LIABILITIES

(73,291

)

(61,243

)

NET ASSETS

71,123

44,442

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

71,023

44,342

SHAREHOLDERS' FUNDS

71,123

44,442

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:

Miss K D Senescall - Director

Mr A J Senescall - Director

1.	STATUTORY INFORMATION

City Self Drive (Leicester) 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.

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.

The financial statements have been prepared on a going concern basis. Continuing to trade depends upon the support of the company's shareholders and finance providers. Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Turnover

Turnover comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. The company hires vehicles to customers, under standard terms and conditions. In all cases revenue is recognised when the invoice for the hire period is raised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

50,000

AMORTISATION

At 1 February 2024

and 31 January 2025

50,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 February 2024

25,899

892,780

22,602

941,281

Additions

-

13,700

125

13,825

Disposals

-

(7,450

)

-

(7,450

)

At 31 January 2025

25,899

899,030

22,727

947,656

DEPRECIATION

At 1 February 2024

18,708

488,299

21,250

528,257

Charge for year

719

61,610

369

62,698

At 31 January 2025

19,427

549,909

21,619

590,955

NET BOOK VALUE

At 31 January 2025

6,472

349,121

1,108

356,701

At 31 January 2024

7,191

404,481

1,352

413,024

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

182,732

128,740

Other debtors

4,742

187,474

133,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 9)

75,486

47,118

Hire purchase contracts

38,812

113,346

Trade creditors

39,084

75,634

Amounts owed to associates

54,273

46,182

Taxation and social security

48,666

44,456

Other creditors

104,889

69,548

361,210

396,284

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 9)

3,986

14,112

Hire purchase contracts

38,684

34,049

42,670

48,161

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank overdrafts

65,586

37,218

Bank loans - less than 1 yr

9,900

75,486

47,118

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,986

9,900

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

4,212

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

65,586

37,218

Hire purchase contracts

77,496

147,395

143,082

184,613

The amounts due under hire purchase agreements are secured on the assets subject to the agreement.

The bank overdraft is secured by a fixed and floating charge over all assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1.00

100

12.

RESERVES

Retained

earnings

£

At 1 February 2024

44,342

Profit for the year

28,681

Dividends

(2,000

)

At 31 January 2025

71,023