Central (UK) Vehicle Leasing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05588160 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CENTRAL (UK) VEHICLE LEASING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S Badhan

Miss G Badhan

SECRETARY:

Miss G Badhan

REGISTERED OFFICE:

Unit 1 Badhan Court

Castle Street

Hadley

Telford

Shropshire

TF1 5QX

REGISTERED NUMBER:

05588160 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

60,795

83,261

Investments

6

1,259,401

1,242,935

Investment property

7

970,070

2,290,266

2,296,266

CURRENT ASSETS

Debtors

8

197,716

123,939

Cash at bank and in hand

500,445

284,607

698,161

408,546

CREDITORS

Amounts falling due within one year

9

195,390

133,097

NET CURRENT ASSETS

502,771

275,449

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,793,037

2,571,715

CREDITORS

Amounts falling due after more than one year

10

(37,591

)

(47,555

)

PROVISIONS FOR LIABILITIES

-

(935

)

NET ASSETS

2,755,446

2,523,225

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

2,755,444

2,523,223

SHAREHOLDERS' FUNDS

2,755,446

2,523,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

Miss S Badhan - Director

Miss G Badhan - Director

1.	STATUTORY INFORMATION

Central (UK) Vehicle Leasing 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Franchise cost are being amortised evenly over their estimated useful life of nil years.

Franchise cost

The franchise cost is being written off over the five years of the agreement.

Tangible fixed assets

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

Plant and machinery

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investment property

In the Directors opinion, the Investment Properties carrying value does not differ materially from its fair value at the balance sheet date. No independent valuation has been obtained at the balance sheet date to confirm this.

The Directors recognise the requirement to obtain an independent valuation with sufficient regularity to confirm the Investment Properties carrying amount in the balance sheet does not differ materially from its fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

cost

£

COST

At 1st January 2024

and 31st December 2024

9,995

AMORTISATION

At 1st January 2024

and 31st December 2024

9,995

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st January 2024

82,334

24,345

23,062

132,423

262,164

Additions

-

2,758

At 31st December 2024

82,334

24,345

23,062

135,181

264,922

DEPRECIATION

At 1st January 2024

36,771

15,846

13,537

112,749

178,903

Charge for year

13,577

1,275

2,381

7,991

25,224

At 31st December 2024

50,348

17,121

15,918

120,740

204,127

NET BOOK VALUE

At 31st December 2024

31,986

7,224

7,144

14,441

60,795

At 31st December 2023

45,563

8,499

9,525

19,674

83,261

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2024

1,242,935

Additions

16,466

At 31st December 2024

1,259,401

NET BOOK VALUE

At 31st December 2024

1,259,401

At 31st December 2023

1,242,935

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

970,070

NET BOOK VALUE

At 31st December 2024

970,070

At 31st December 2023

970,070

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

95,155

86,519

Other debtors

102,561

37,420

197,716

123,939

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Trade creditors

12,959

14,913

Taxation and social security

144,694

80,624

Other creditors

27,737

27,560

195,390

133,097

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

11,667

21,667

Other creditors

25,924

25,888

37,591

47,555

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss G Badhan and Miss S Badhan as they co-operate to exercise control.