The Car Hire Factory Limited

The Car Hire Factory Limited
Contents Page
For the year ended 31 December 2024

Statement of financial position	1
Notes to the financial statements	2

The Car Hire Factory Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	164,503	193,533
		164,503	193,533
Current assets
Debtors		38,429	15,456
Cash at bank and in hand		360	399
		38,789	15,855
Creditors: amount falling due within one year		(98,402)	(112,943)
Net current assets		(59,613)	(97,088)

Total assets less current liabilities		104,890	96,445
Creditors: amount falling due after more than one year		(95,188)	(95,188)
Net assets		9,702	1,257

Capital and reserves
Called up share capital	4	2	2
Profit and loss account		9,700	1,255
Shareholders' funds		9,702	1,257

For the year ended 31 December 2024 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
Joe Harry John Sealey
Director

1

The Car Hire Factory Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

The Car Hire Factory Limited is a private company, limited by shares, registered in , registration number 14533109, registration address C/O Burton Varley LTD Suite 3 , 2nd Floor, Didsbury House, 748–754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

15% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 January 2024	202,975	202,975
Additions	-	-
Disposals	-	-
At 31 December 2024	202,975	202,975
Depreciation
At 01 January 2024	9,442	9,442
Charge for year	29,030	29,030
On disposals	-	-
At 31 December 2024	38,472	38,472
Net book values
Closing balance as at 31 December 2024	164,503	164,503
Opening balance as at 01 January 2024	193,533	193,533

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
2 Class A shares of £1.00 each	2		2
	2		2

2

Registered Number: 14533109

THE CAR HIRE FACTORY LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024