REGISTERED NUMBER: NI687227 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

BELFAST VEHICLE HIRE LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

P R McClean

REGISTERED OFFICE:

17 Clarendon Road Clarendon Dock

Belfast

United Kingdom

BT1 3BG

REGISTERED NUMBER:

NI687227 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Intangible assets

4

5,883

6,683

Tangible assets

5

66,378

66,905

72,261

73,588

CURRENT ASSETS

Debtors

6

2,050

1,492

Cash at bank and in hand

12,866

7,522

14,916

9,014

CREDITORS

Amounts falling due within one year

7

85,255

84,202

NET CURRENT LIABILITIES

(70,339

)

(75,188

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,922

(1,600

)

PROVISIONS FOR LIABILITIES

11,735

10,949

NET LIABILITIES

(9,813

)

(12,549

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,913

)

(12,649

)

(9,813

)

(12,549

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 26 November 2025 and were signed by:

P R McClean - Director

1.	STATUTORY INFORMATION

Belfast Vehicle Hire Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Going concern

At the year end the company had net liabilities of £9,813 (2024: £12,549). The company is reliant upon the continued support of its related party, M H Motors Limited, a company incorporated in Northern Ireland to ensure it can meet its liabilities as they fall due.

The director has a reasonable expectation that the support of the related party will be available for at least one year from the date of signing these financial statements. Consequently, the financial statements have been prepared on a going concern basis. The financial statements do not include any adjustments which would result if the support was withdrawn.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

8,000

AMORTISATION

At 1 May 2024

1,317

Charge for year

800

At 30 April 2025

2,117

NET BOOK VALUE

At 30 April 2025

5,883

At 30 April 2024

6,683

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

86,666

Additions

21,569

Disposals

(8,500

)

At 30 April 2025

99,735

DEPRECIATION

At 1 May 2024

19,761

Charge for year

13,829

Eliminated on disposal

(233

)

At 30 April 2025

33,357

NET BOOK VALUE

At 30 April 2025

66,378

At 30 April 2024

66,905

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

2,050

1,492

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Amounts owed to related parties

64,802

67,220

Taxation and social security

2,707

1,636

Other creditors

17,746

15,346

85,255

84,202

8.	RELATED PARTY DISCLOSURES

During the year the company made purchases of £18,300 (2024: £53,681) and sales of £25,883 (2024: £44,361) from/to a company which is controlled by a close family member of the director. An amount of £10,000 was also paid to the company. At the year end the balance due to the company was £64,802 (2024: £67,220). This loan is unsecured, interest free and repayable on demand.

At the year end an amount of £10,500 (2024: £10,500) was due to another company which is controlled by a close family member of the director. This loan is unsecured, interest free and repayable on demand.