Balance sheet continued

As at 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 28 February 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The company's operating income is primarily in the form of cash and online bank payments made by customers in respect of car hire / rental services provided to them by the company. Turnover is stated net of value added tax and is recognised at the point of receipt of funds from the customer

  Tangible fixed assets depreciation policy

  The company owns the freehold to the premises from which it operates. The related tangible fixed asset is not depreciated in the financial statements as the director considers that its residual value upon any disposal will always exceed the original cost of the property